Sustainability of the Socio-Economic Development of Ukraine’s Regions

Abstract

The priority direction of the socio-economic development of Ukraine and its regions is the vector of ensuring sustainability of national, regional and local interests. Their provision will contribute to high social standards of quality and population's standard of living as well as increasing the level of competitiveness of Ukraine’s regions. The article is aimed at analyzing the indicators of socio-economic development of Ukraine’s regions, identifying regions-leaders and the regions requiring additional state-funding programs. The calculations presented in the publication demonstrate that a significant part of Ukraine’s regions is not self-sufficient and requires subsidies from the budget, which results in poor sustainability in the socio-economic sphere; therefore, it is necessary to elaborate a program to overcome socio-economic polarization of the regions based on the involvement of the local potential.

Keywords

• sustainability
• socio-economic development
• region