PhD Fedotkina O.P., Shchukina N.I.

Mordovian State University named by N.P. Ogarev

ADAPTABILITY OF THE FINANCE AND INVESTMENT POTENTIAL OF THE TERRITORY

Published with support of a grant of RGNF 12-12-13017

Implementation of the conceptual ideas of stable development in Russia is predominantly defined by the maximization of probable economic effect achieved in range of the given economic space from the position of stable socio-economic development of the territory. Specifics of the modern socio-economic development of the Russian territories involve self-supply and self-sustainability, which provide for the increasing economic interests of the local authorities in reproduction of their own financial recourses. However availability of various natural recourses at the territory does not immediately mean presence or simultaneous activation of the stable and key economic "points of growth". In these conditions a key instrument for the achievement of the stable socio-economic development of the country is an evaluation of financial and investment potential of the territories and, first of all, revelation and use of its adaptability.

Adaptability of the financial and investment potential of the territory socio-economic system represent a certain unity of managerial and financial instruments of the financial and investment potential necessary for securing stable functioning and development of the territory. The unity of managerial and financial instruments may activate economic processes within the territory, thus showing its active adaptability, or slow down the growth, adapting to the current processes, exercising its passive adaptability.

This way securing a stable socio-economic development of the territory is defined by its financial and investment potential adaptability which, if used, permits to receive maximally positive result due to the effective realisation and regulation of the cash flow and investment recourses of the territory.

In frames of systematic approach the financial and investment potential and the conditions of its realisation are regulated by two streams: "activity of the system – inputs" and "entropy – outputs".

In the process of the socio-economic system development of the territory one can observe some prolonged process of financial recourses quantitative accumulation inside the financial and investment potential, and as well their qualitative renewal due to the input of the investment recourses.

Adaptability of the financial and investment potential of the territory permit to regulate and optimally distribute the financial and investment streams between the elements of the financial and investment potential. In its turn the activities of the territorial authorities should be directed at the realisation of financial and investment potential in frames of shaping its properties on the financial market or immediately inside the territory itself.

In the process of the territorial entropy unrealised recourses and opportunities of financial and investment potential are growing, thus increasing the risk of getting in the phase of stagnation. The term "entropy" is used in its wide meaning as an indicator of the randomness degree of the system. "Mechanism of entropy manifests itself as a set of breakdown processes of the system experiencing uncontrolled random interferences" [1].

As a consequence of the entropy principle a part of the realized financial and investment potential and its adaptability being inactive are step by step decreasing.

This way adaptability of the financial and investment potential of the territory have the following properties:

- the only adaptive abilities of the financial and investment potential supported and increasing at the territory are those finding practical application in course of the territory development;

- the adaptive abilities without application gradually disappear as a result of entropy.

The adaptability of financial and investment potential of the territory has a vital significance in the periods of cyclic economy fluctuations. In these circumstances the adaptability steps forward as a slowdown barrier limiting the negative influence of the factors.

This way the interconnection of the processes "activity of the system - inputs" and "entropy – output" with respect to the use of adaptability of the financial and investment potential of the territory happens in the following way:

- revelation of the negatively influencing factors of the surrounding environment of the territory (objective phenomena) in all the variety of the processes of activity and entropy;

- possibility to recognize the negative factors with the respect to the development of the adaptability of the financial and investment potential;

- managerial targets formation in relation to the negative factor from the position of the territory stable development support in the context of predictability of this factor (predictable to the rate required by the management with the preset level of development of the adaptability of the financial and investment potential of the territory);

- formation of the managerial concept and particular functions targeted at the management over the financial and investment potential, further completing the concept of development of adaptability of the financial and investment potential of the territory;

- organization and reorganization of rational managing structures bearing targeted functions of management over the financial and investment potential of the territory;

- control (supervision) over the activity and the entropy of the territory in the process of management over the financial and investment potential and coordination of interaction between its various structures;

- elimination of the existing structures in case of their uselessness or their support in operable condition till the next use.

It is necessary to point out that adaptation is considered to be feasible if the positive effect of the adaptability use in the process of activity and entropy of the subjects of real economy exceeds the expenses on their implementation.

This way, securing stable development of socio-economic system of the territory is based on such an adaptability of its financial and investment potential which is activating economic processes of the territory not due to the increase and variability of its recourses, but due to the change of their qualitative properties and minimization of the negative factors influence.

Литература:

1. Pushnoi, G. S. (2005) Long-term and short-term dynamics of the Economic System on the basis of Systems Potential Method. Paper presented at the Third Internet Conference on Evolutionary Economics and Econophysics. Ekaterinburg, Russia: International A. Bogdanov Institute. English version: http://econpapers.repec.org/paper/wpawuwpdc/0506001.htm