Impact of Monopsonical Labor Market on the Development of Regions of Russian Federation

Regional organization of Russian Federation was mainly formed during the epoch of centrally planned economy. In Soviet Union regions were considered to be industrial platforms, which collectively provided a dynamical growth and adequacy of economy. Due to these factors regional development of the country was performed as a planned distribution of productive powers. When regions, that were formed and developed according to rules of centrally planned economy, changed to market economy, they didn’t conform to the scope of economical and social processes of the open market.