LOCAL DEVELOPMENT AS A FACTOR FOR POLICY FORMULATION FOR PUBLIC ADMINISTRATION

Abstract

Ensuring sustainable local development is possible only with a balanced impact on all its components. Therefore, solving the problems of regional development requires, first of all, a clear definition of the essence of this category and priority directions. In scientific literature, development is interpreted as a process of transition from one state to another, more perfect. Depending on the object, it can be mental, cultural, technical, and economic. It is also noted that the universal property of development is the irreversible, directed change of matter and consciousness. This change can be evolutionary when quantitative characteristics of the object gradually change, or revolutionary when qualitative changes are made. It is recognized not only progressive but also descending, regressive development possible although the views of different scholars on this subject are not unanimous.In the conditions of globalization, the competitiveness of the country's economy depends on the ability of the territory to ensure economic growth. The results of the annual evaluation of the country's achievements in human development and competitiveness significantly affect its image in the world community. One of the methods by which the Global Competitiveness Report at the World Economic Forums in Geneva determines the country's ranking is based on an assessment of the conditions for growth. Its authors proposed to define a general Growth Competitiveness Index based on three components: Macroeconomic Index, Technology Index and Index of Governmental Institutions