Purpose: The aims to study the issues of the formation and prospects in Rostov Region of a potential "catalyst" for the development of the socio-economic system of the region – tourist and recreational cluster. Design/Methodology/Approach: The study applied a cluster approach to the development of territories. Such an approach is the study of the tourist region as an interconnected system of tourist resources, tourist infrastructure, tourist services with an effective system of regional tourism management, the optimal phase of which is a tourist cluster. Findings: This article includes the study of areas of Rostov Region from the standpoint of the cluster approach, tourist and recreational zoning of Rostov Region, the identification of areas that are promising for the formation of tourist and recreational clusters and socio-economic substantiation for the functioning of clusters. Practical Implications: The results of the study can be used in the formation and implementation of regional programs for the development of tourism, economy and social sphere. Originality/Value: The main contribution of this article is the application of the cluster approach to the investigation of socio-economic development of Rostov Region, as well as zoning the tourist and recreational clusters.

Kazmina L.N. Et Al (2019). The Tourist and Recreational Cluster of Rostov Region: Socio-Economic Substantiation and Development Prospects, International Journal of Economics and Business Administration Volume VII Special Issue 1, 510-520