Abstract

This scientific research explores the experience of territorial governance organization in European countries and its impact on socio-economic development. Starting with an analysis of the role of a specific form of public authority of territorial communities, the study highlights the necessity of their autonomy in addressing local issues and managing respective territorial units. Special attention is given to the problems of resource provision for regional and local development, particularly the creation of favorable conditions for entrepreneurship and innovative technologies. Further investigation focuses on analyzing various models of local self-government, considering their financial stability and degree of autonomy in governance. This allows for a deeper understanding of the influence of territorial governance on socio-economic development and identifying the most effective approaches to decentralization in European countries. Significant attention is also paid to the analysis of community labor potential and its impact on the labor market development and socio-economic strategies. Assessing this potential is a key element in planning community development and ensuring the stability of their socio-economic status. Detailed study of this aspect helps determine optimal ways for authorities to influence labor market formation and promote its efficient functioning. The text also emphasizes the importance of assessing the labor potential of communities for planning labor market development and socio-economic strategies. The necessity of labor market monitoring and predictive analysis to ensure sustainable community development is highlighted. Overall, the text reflects the importance of proper territorial governance and its impact on the socio-economic development of communities and regions, as well as indicates ways to improve this process. Overall, this research reflects the importance of proper territorial governance organization as a key factor in achieving sustainable and equitable socio-economic development in regions and communities. Therefore, its findings can serve as a basis for developing decentralization strategies and local self-government policies in different countries worldwide.

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