Foreign experience of state regulation of territories economic potential development

  • Nikolay Latynin Харкiвський регiональний iнститут державного управлiння Нацiональної академiї державного управлiння при Президентовi України
  • Dmytro Ivanov Харкiвський регiональний iнститут державного управлiння Нацiональної академiї державного управлiння при Президентовi України
Keywords: state regulation, mechanism of state regulation, territories economic potential development, mechanism of state regulation of territories economic potential development, local economic development

Abstract

Foreign experience of state regulation of territories economic potential development has been revealed. The purpose of the article is to study foreign experience of state regulation of territories economic potential development.International practices of using mechanisms and tools of state influence are analyzed. The types of state regulation of territories economic potential development abroad are offered: differentiated (specific to the countries of the European Union based on selective support for increasing the economic capacity of the community), marketing (typical for the countries of North America, which includes the using of branding benefits to implementation of state economic policy) , institutional (specific to countries of Latin America, based on effective collaboration of all stakeholders in local economic capacity building).The general tendencies of state regulation of territories economic potential development abroad are the following:1. The need to understand the modern economy - the determining role of the flow “knowledge” and “ information” (compared to flows “labor-capital”), which creates a global network of ideas. 2. Increasing local capacity and competitiveness - the need to increase local economic potential in industries.3. The basis for the entrepreneurial environment is education and quality training of the labor force.Common features of the implementation of state regulation of territories economic potential development abroad, regardless of the level of development, is that the territories economic potential development is a component of sustainable development of the country and regions with appropriate consolidation in the strategic documents, as well as creating the necessary organizational and institutional support for the state economic policy.The main aspects are becoming the orientation towards the values of the concept of sustainable development, the using benefits of strategic planning, benchmarking and branding of territories, social advertising and institutionalization in order to achieve the main purpose of such influence - increasing the territories economic potential. At the same time, each state forms its own, unique to it approach in accordance with archetypal peculiarities, based on certain generally accepted principles of effective state administration.

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Published
2020-01-20
How to Cite
Latynin, N., & Ivanov, D. (2020). Foreign experience of state regulation of territories economic potential development. Public Administration Aspects, 7(12), 125-134. https://doi.org/10.15421/151972
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Article