Regional development: new approaches to crisis management
Journal Title: Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu - Year 2017, Vol 2, Issue
Abstract
The paper outlines the current state of the national economy’s regional development. By applying the integral indicators presented in the Methods of monitoring and evaluation of implementation of the state regional policy, the author has rated the development of regions and analyzed a gap in their levels of growth. Through the use of methods for identifying depressed areas of the European Union, the level of regional erosion is determined. On that basis, the necessity of overcoming institutional asymmetries that may arise in the process of creating conditions for dynamic and well-balanced development of Ukraine’s regions is pointed out. Based on the comparative analysis of foreign practice of crisis management, key approaches to its implementation are described. It is concluded that crisis management is rather searching for opportunities than expecting or forecasting destructive results and finding adaptive solutions. The article describes the essential determinants of regional crisis management, and sets both long-term and short-term goals for crisis management. A particular attention is paid to the necessity of upgrading of management tools and techniques for regional development. It is pointed out that a system of strategic planning of area development should not be based only “on the achieved results”, but should take into consideration crisis initiatives of all sectors of economy and forecast built-in stabilizers that will ensure balanced development. In order to stimulate structural reforms aimed at crisis development of areas, it is necessary to use internal and external financial resources. A special emphasis is placed on the potential grant support and contributions from European structural funds. The practical significance of the research lies in the growing importance of institutional framework and organizational support of crisis management of areas, which should be based on a strategic cross-sectoral partnership. The article proves that crisis management of areas should focus on establishing an enabling environment for inclusive development through support of entrepreneurial initiatives and implementation of investment projects aimed at sustainable and innovative growth of areas; creation of employment opportunities, attraction and retention of highly qualified personnel and maintenance of areas’ creative capacities.
Authors and Affiliations
Tetiana Zheliuk
Keywords
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