Estimation of the influence of globalization processes during the strategic decision-making in regional development

Abstract

It has been emphasized in the article that under the influence of globalization processes, which are taking place in the world economy, new patterns appear and the levels of responsibility for regional and local development change. The role of regional authorities in ensuring the socio-economic development of territories is growing significantly. The development of regions and the state today depends on the interest and ability of local authorities to implement effective tools of regional governance. With the reform of local self-government and territorial organization of power in Ukraine, regional and local authorities are becoming key players in the sphere of community development. Obtaining new powers contributes to the transformation of regions and communities from the objects of government to the subjects of government, which significantly increases the responsibility for public administration decisions.The aim of the article is to analyze approaches to defining the nature, stages of formation and development of globalization, to study the quantitative dimensions of assessing the levels of globalization and to provide suggestions for the estimation of globalization impacts on public administration decisions in regional development.Two main approaches to determining the stages of formation and development of globalization have been identified in the article. The first approach is "historical", according to which the origins of globalization should be sought in the past. The second approach - "integrated" one, considers globalization as an exclusively modern socio-economic phenomenon.Economic, sociological, political science and universal approaches to defining the essence of globalization have been given.The approaches to estimating the level of globalization on the basis of globalization indices have been studied: the globalization index A.T. Kearney; KOF-index of globalization; CSGR globalization index; sociological index of globalization (Global Index); the new globalization index (NGI); Maastricht Globalization Index (MGI) and Integrated Globalization Index.The most powerful for modern Ukraine trends of economic development of regions in conditions of globalization and interstate integration have been generalized.It has been concluded that taking into account the trends of the impact of globalization factors on regional development will contribute to the adoption of prudent public administration decisions in the sphere of modernization of regional policy. Today, the regional government should initiate the activation of the regions' own economic potential and the use of their competitive advantages. In these conditions there is a process of increasing regional coordination of the subjects of formation and implementation of economic policy of regional development. Also, the development of strategic decisions on regional development should be based on the analysis of economic, social, cultural, and institutional features of each region, measuring the impact of globalization processes on them.