Intellectual Potential as a Factor in Achieving the Socio-Economic Purposes of the Territory Development

The globalization of the modern economy entails not only progressive changes and scientific and technological breakthroughs, but also the inevitability of crisis phenomena. In this regard, innovation activity and its basis – intellectual potential, i.e. a certain stock of achievements, knowledge and experience, acquire special value. Each region chooses its own direction in its development, this is due, of course, to individual factors, but the determining factor is the intellectual potential of the territory, the degree of development of which determines whether the region can achieve innovative development that affects the production level of the entire country. The article studies the intellectual potential of the subject of the Russian Federation by determining the prevailing sectors of the economy and the needs of their development. A comprehensive analysis of an important social and economic indicator is defined, which is a theoretical and practical tool for choosing a strategy for the development of the intellectual potential of a particular region. By comparing the resources of different regions, the need for an exceptionally rational choice of a particular industry was proved. An important social and economic indicator was studied, which contributes to the rational choice of the development of the region, based on the intellectual potential of the territory and the intellectual capacity of employees.