Abstract
The article notes that the formation of regional development policy in European countries was based on state intervention in the development of key industries. The measures implemented by the capitalist states were not part of local or regional development policy. This approach is called sectoral policy, as it focuses on specific sectors. In the last decades of the last century, measures to develop specific territories have been taken to replace the support of industries and sectors, a regional approach aimed at creating conditions for the development of territories by activating the regions' own potential. The article emphasizes that the implementation of state policy of regional development has a double expression: in sectoral and regional approaches. Therefore, the basis for the formation of modern regional development policy is the coordination of measures in its "regional" and "sectoral" instruments. The author notes that in the domestic context it is important to implement a policy model typical of unitary European countries – the implementation of national investment programs developed in consultation with regional authorities, in synergy with additional regional policy based on co-financing. Such regional policy is initiated, planned, implemented and monitored mainly by regional authorities. During the implementation of the reform of local self-government and territorial organization of power in Ukraine, the participation of self-governing bodies of regional and local levels should develop in the direction of increasing their role in the formation of state and regional development programs.It is concluded that the implementation of the policy model inherent in unitary European countries is relevant in Ukraine - the implementation of national investment programs developed in consultation with regional authorities, in synergy with additional regional policy based on co-financing.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
