Research of peculiarities and advantages of regional development strategic planning

Abstract

Introduction. The paper researches and highlights the advantages of regional development strategic planning, which is implemented through such tools as advance planning of activities aimed at the development and search for new additional economic mechanisms to regulate the regional development strategy building. The purpose of the paper is to research and highlight the advantages of regional development strategic planning. Results. The strategic planning should primarily begin with an analysis of the region’s potential, forecast indicators of the development of industrial enterprises, small and medium businesses, and other elements of infrastructure, sectors of its economy for a certain period. However, most importantly, there should be conducted an analysis of the external environment through evaluating the investment attractiveness of industrial enterprises, small and medium businesses, favourable climate and possible trajectories of the regional economic development, evaluation of its opportunities and threats. Taking into account such forecasts will make the strategic plan more realistic and qualitative, able to ensure the implementation of the common regional development strategy. An internal and external environment control system should become an integral part of the regional development strategic planning. Conclusion. In the changing external environment, the availability of the regional development strategic planning has undeniable advantages. It contributes to the achievement of the regional sustainable development, competitiveness, the ability to develop new markets and integration processes, stability and balance; rationalization of the location of production resources, ensuring a resource-targeted balance of the development of the industrial complex of the region’s cities and districts, rational use of resources, preservation of environmental and production balance, overcoming disparities in the development of interregional and intersect oral economic complexes and industries.