Abstract

The article presents a retrospective analysis of the state’s participation in the regulation of socio-economic processes. A wide range of opinions on state regulation of the development of socio-economic systems is presented. The views of economists on the regulation of socio-economic processes have evolved. Economic theories of substantiation of economic development and the role of the state in the regulation of socio-economic processes are considered: Keynesian, monetarist, institutional, theory of social choice, etc .. The views of modern scholars on the essence of state regulation are analyzed. It has been found that the authors reveal the essence of this concept differently and, as a result, each definition interprets the ultimate goal of state regulation differently. Scholars substantiate the need for state regulation for the realization of social interests of society; development of the social mode of production and improvement of the social development of the country; consider the goal of state regulation to stabilize and adapt the socio-economic system to changing conditions; define state regulation as a system of measures of different nature. State regulation is defined as a system of measures at different levels of public authorities in accordance with certain functions aimed at different spheres of life. It is noted that in the conditions of decentralization local self-government bodies have received more powers and more opportunities to solve problems of socio-economic development of territories. Therefore, the role of local governments, their decisions have a significant impact on the level of socio-economic development of territories.

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