A system for managing the local economic development of communities

Abstract

In today’s environment, it has become an important task to support and stimulate local economic development of communities to improve the living standards of the population and create sustainable and competitive community structures. The purpose of this study is to examine the system of management of local economic development of communities, which is becoming an increasingly important task in the context of social, economic, and political development of modern societies. The research has yielded the following results: using high-quality data from the publication Local economic development: Models, resources and financing tools, various models and approaches to managing local economic development of communities, including centralized and decentralized systems, as well as options for involving citizens in decision-making, were considered; using statistical sources of the Information and Analytical System for Monitoring Statistical and Administrative Indicators of Territorial Communities, Statistics Portal of Lithuania, Statistics Poland, a comparative analysis of local community development management systems in Ukraine, Poland, and Lithuania was carried out; the level of participation of citizens and stakeholders in decision-making processes and the development of local economic development strategies were analysed; the use of technology was assessed to improve the productivity of local economic development through ground research from the Centre for Innovation Development; the mechanisms of cooperation and coordination between different levels of government with the influence of factors were investigated and compared; territorial communities were analysed by region with regard to citizens’ appeals on the activities of local self-government bodies using statistical data from the website of the Government Contact Centre; recommendations and strategies for improving the system of local economic development management were developed. The study of the system of management of local economic development of communities is of great practical importance in modern conditions, where a favourable economic environment at the level of local communities is an important factor for improving the living standards of the population and creating sustainable and competitive community structures

Keywords

• infrastructure and investments
• partnership between sectors
• resource efficiency
• increasing competitiveness