Imbalances in Regional Development in the Context of Systemic Transformations
Perepeliukova O. V.

Perepeliukova, Olena V. (2019) “Imbalances in Regional Development in the Context of Systemic Transformations.” The Problems of Economy 4:88–95.
https://doi.org/10.32983/2222-0712-2019-4-88-95

Section: Regional economy

UDC 332.1

Abstract:
The aim of the article is to study the cause-effect relationship of the imbalances in the socio-economic development of Ukraine’s regions and determine the key measures to overcome the existing imbalances in certain areas, with regard to systemic transformations in the modern economy of the country. The main imbalances in the regional development of Ukraine are considered. The criteria of regional imbalances are identified. It is revealed that the largest imbalances in regional development occur in terms of gross regional product and international trade. The leading regions and outsiders in terms of socio-economic development are singled out using the selected indicators. There determined regions in which, in recent years, the number of technology parks was increased and the largest number of enterprises created. The basic measures to reduce the imbalances in the regional socio-economic development under modern conditions of systemic transformations in the economy as well as measures aimed at regional development are proposed. There highlighted priority areas of the socio-economic policy at the level of local government based on the development of small enterprises, for the implementation of which it is advisable to introduce relevant norms as concerns development programs and government measures. It is established that there is a need for creating infrastructure support to promote entrepreneurial initiatives through granting microcredits to small enterprises for the development of their business. It is determined that one of the directions for the advancement of international trade of the regions is using their maximum potential and export-oriented production. It is found that in order to improve the financial sustainability of communities, it is necessary to streamline the inter-budget relations, create an effective financial base comprising local budgets and attracted extra-budgetary resources.

Keywords: socio-economic development, regions, imbalances, decentralization, gross regional product.

Fig.: 3. Bibl.: 8.

Perepeliukova Olena V. – Doctor of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations, Simon Kuznets Kharkiv National University of Economics (9a Nauky Ave., Kharkіv, 61166, Ukraine)
Email: lena.perepelukova@gmail.com

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