Globalization and internationalization development impact on economic development and formulation of strategic objectives in the region, causing the need for a comprehensive analysis of the diverse and sometimes contradictory essential characteristics and features of the region as a system, organization, subject of strategic management with subsequent integration into a coherent object. A comprehensive study of the region using a systematic approach based on dialectical contradiction takes into account as the basis of this complex, multidimensional systems and administering the effect on this process. This article reviews the main socio-economic functions and objectives of the region and made an analysis of the region as an economic development.