Problemi Ekonomiki (Jun 2020)
Forming and Analyzing the Priorities of Economic Development of Ukraine’s Regions in the Context of their Key Success Factors
Abstract
The aim of the article is the formation of a set of priorities of economic development as key factors of success of Ukraine’s regions and their further analysis. Based on the analysis of the relationship between the concept of economic development of regions and the level of their key success factors, it is established that the factors of economic development of regions provide the basis of the pyramid of key success factors and determine the competitive position of a region on a national or global scale.On the other hand, economic development of a region is ensured by a constant strengthening of the competitive position and increasing the competitive advantages of the existing industries and by creating new, highly efficient segments of the economy. In addition to regional key success factors, synthetic indicators, which allow assessing the competitive position of a region regardless of its level of development, are important.Therefore, for a spatial study of key success factors, a methodological approach to assessing the actual and potential levels of key success factors for a region as well as assessing the differentiation of regions by their level is proposed. A model of key success factors for regions of Ukraine in the long term is built. The implementation of the model implies classifying regions according to the criterion of using the existing and potential competitive advantages and, finally, assessing the level of economic development of a region.This describes the interdependence of the studied concepts: factors of economic development of the regions – competitiveness of the regions – economic development of the regions. A set of priorities of economic development of Ukraine’s regions are formed. Moreover, all of them – both traditional and modern – represent the regions in terms of rather innovative development than that of production or investment.The set contains the innovative, social and environmental components of economic development, which are characteristic of the approach of the new economy, and not production and technological ones, inherent in the production and investment approaches, respectively.
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