Abstract
Nowadays, the identification and evaluation of the effectiveness of the economic growth of rural areas are of great interest because they are directly related to important aspects affecting the sustainable development of these territories. Therefore, this paper analyzes the factors affecting the potential of economic growth and its social dimension and presents the main groups of indicators that help assess the socio-economic development of rural areas. It is especially noted that the spatial approach to the development of rural areas should consider demographic, legal, financial, managerial, and administrative aspects, which will have a significant impact on strengthening the potential of these rural areas. The main tools for increasing the competitiveness of rural areas include the development of innovations, improved access to the labor market, and the preparation of projects for the sustainable development of territories. Additionally, the authors study the approaches that give basic ideas about the concepts of effective rural development prevailing at the present stage in world practice.
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