This paper gives an overview of recently developed model for the QCD analytic
invariant charge. Its underlying idea is to bring the analyticity condition,
which follows from the general principles of local Quantum Field Theory, in
perturbative approach to renormalization group (RG) method. The concrete
realization of the latter consists in explicit imposition of analyticity
requirement on the perturbative expansion of β function for the strong
running coupling, with subsequent solution of the corresponding RG equation. In
turn, this allows one to avoid the known difficulties originated in
perturbative approximation of the RG functions. Ultimately, the proposed
approach results in qualitatively new properties of the QCD invariant charge.
The latter enables one to describe a wide range of the strong interaction
processes both of perturbative and intrinsically nonperturbative nature.Comment: Invited review article; 46 pages, 14 EPS figure