SUSTAINABLE SOCIO-ECONOMIC DEVELOPMENT OF REGIONS IS THE BASIS OF NATIONAL ECONOMY SECURITY
Economic and Social Development, vol.3, no.Book of Proceedings Vol. 3/4, pp.384-388, 2020 (Conference Book)
- Publication Type: Article / Article
- Volume: 3 Issue: Book of Proceedings Vol. 3/4
- Publication Date: 2020
- Journal Name: Economic and Social Development
- Page Numbers: pp.384-388
- Open Archive Collection: Article
- Azerbaijan State University of Economics (UNEC) Affiliated: Yes
Abstract
Sustainable socio-economic development of regions in the modern conditions of socioeconomic transformation in our country is the task of ensuring the independence and security of the national economy, its stabilization and stability, constant renewal and improvement. The article reviewed the problems of sustainability of regional socio-economic development, justified the conditions necessary for the sustainability of its development. The definition of the concept of sustainability of regional socio-economic development is given. Problems hindering the sustainability of regional development have been revealed. Based on the results obtained, the main priority directions of the regional economic policy on ensuring the sustainability of the regional socio-economic development were determined and the management instrument was proposed. Ensuring the sustainability of the socio-economic development of the regions requires new approaches in the determination of regional economic policy, working forms and methods of management. During the development of the regional economic policy to ensure the sustainability of socio-economic development, it is necessary to take into account the specific features of the region, determined by the share of the region's basic industries in the total volume of the country's output, the availability of the export sector in the economy of the regions, the provision of resource potential, the level of income and the mentality of the population.