An Analysis of the Main Indicators of Socio-Economic Development of the Sumy Region and Its Administrative-Territorial Units

• Main Author: Yaroshenko Igor V
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2016-03-01
• Series: Bìznes Inform
• Subjects: socio-economic development; administrative-territorial units; inequality; socio-economic indicators
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2016-3_0-pages-56_66.pdf
• ISSN: 2222-4459; 2311-116X

In the publication an analysis of socio-economic development of the Sumy region and its administrative-territorial units has been conducted. The Sumy region has an average economic potential and demonstrates a moderate level of socio-economic development. Along with this, asymmetries in development of the administrative-territorial units of the Sumy region do not diminish, the constant reallocation of resources from the economically more self-sufficient territories of the region towards the less self-sufficient territories leads to the internal regional tension and deprives the administrative-territorial units of stimuli to economic growth. Establishment of an effective system of organization and management of socio-economic development at the local level in Ukraine is one of the priority tasks for structural reforms in the country. One of the main directions towards clearing the interregional differentiation, to overcome the problems of regional development in Ukraine, is modernization of the administrative-territorial structure and bodies of local self-government through the reform of decentralization of power. Careful attention is required when considering the issues of creation and functioning of a self-contained territorial community, which is defined as a basic level in the system of local self-government, when creating points of economic growth – both at the level of territorial communities and at the regional level.