Development of Foreign Trade Turnover as a Factor of Economic Growth in North Caucasus Regions

Abstract:

The article examines the problem of foreign trade development in the regions of the North Caucasus, the economy of which is developing.The purpose of the research is to reveal the role of foreign trade in a growing economy and to establish the causes of its optimal structure violations. Method: to achieve the goal the methods of theoretical and empirical research were applied.  The method of analysis is used to study the structure of the foreign trade turnover of the regions.  The synthesis method was applied to analyze the regions foreign trade turnover ratio.  The induction method was applied to register the research results, foreign trade indicators were  summarized; and deduction method – to identify concrete results of foreign economic activity of specific regions.

 

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