Abstract
The article is devoted to the investigation of the essential characteristics and concept of inclusive local development. Solving the problems of the Ukrainian national economy is a complex and multidimensional task regarding the application of the concept of sustainable development, taking into account the current realities, the development trends of the world community, and the place and role of the country in the EU and in the world. In these circumstances the major fact is the adaptation by Ukraine the program of strategic goals of sustainable development. The implementation of this program is impossible without solving the actual problems of local communities. Despite the fact that public administration reform and decentralization of power have been ongoing in Ukraine for the past few years, current approaches to local development have not resulted in a systematic solution to the problems that have accumulated in local and regional authorities. The issues of elaborating new principles and approaches to local development, as well as of the search for effective management models aimed at solving socio-economic problems and improving the population's quality of life remain acute. Therefore, there is an urgent need for new conceptual solutions to the existing problems of local communities. In the conditions of economic, financial and social instability in recent decades, it can be noted that economic growth alone is not enough for effective and balanced development of the country. The new models of social and economic development containing the response to the current challenges as an increase in the level of poverty, inequality in incomes and opportunities of the population have been developed by leading scientists and practitioners. Consequently, as a result of the rethinking of conceptual approaches to the problems of economic development and in the conditions of the transformation of an industrial society into an intellectual one, new concepts of economic growth arise. The concept of inclusive local development has a prominent place among them.
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