Theoretical approaches to stimulate economic development and growth of regions

Authors

DOI:

https://doi.org/10.33730/2310-4678.1.2025.324364

Keywords:

decentralization, innovation, infrastructure development, mechanisms, interregional disparities, regional policy, state regulation

Abstract

The article considers theoretical approaches to stimulating the economic development of the regions of Ukraine. Modern economic challenges are analyzed, in particular interregional disparities and uneven development, which hinder sustainable economic growth. Key mechanisms of stimulation are studied, in particular the role of the state, decentralization, innovation and infrastructure development. Particular attention is paid to the analysis of the European experience of stimulating regional development and the possibilities of its adaptation to Ukrainian conditions. Conclusions are drawn about the importance of an integrated approach to regional policy, which involves cooperation between the state, local authorities, business and the public to ensure sustainable economic growth and equalization of regional disparities. An important aspect of the study is the consideration of social and environmental factors in the process of stimulating the economic development of regions. The social orientation of regional policy should ensure an increase in the standard of living of the population, a decrease in unemployment and the availability of quality social services, which are key conditions for attracting investment and retaining labor resources. The environmental aspect involves the introduction of green technologies, rational use of natural resources and minimization of negative impact on the environment, which is an integral part of sustainable development. Thus, the integration of social and environmental goals into regional economic policy will ensure not only economic growth, but also long-term stability and competitiveness of the regions of Ukraine.

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Published

2025-02-24

Issue

No. 1 (2025)

Section

Articles

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