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Strategic Planning for the Sustainable Development of Territories

Author

Listed:
  • Denys L. Tarasenko
  • Оlena B. Тsyklaurі
  • Svitlana I. Belei
  • Maryna O. Rіabenka
  • Iryna O. Mazurkevych

Abstract

Purpose: The main purpose of this article is to determine the features of the application of strategic planning to ensure sustainable development of territories. Design/Methodology/Approach: The study is based on statistics from international institutions such as the European Regional Development Fund, Eurostat, The World Bank, the Institute of Regional Development, as well as theoretical and practical developments of foreign scholars. Findings: The results of the study show that ensuring the sustainable development of territories is an important sphere for ensuring the sustainable development of countries in general. At the same time, one of the key stages of ensuring their sustainable development is the stage of long-term navigation, which determines the further guidelines and measures the need to be implemented. Practical Implications: This study raises awareness of the components of the strategic planning process, the directions of its implementation, the pace of economic development of individual territories in European countries, as well as revealing the features of sustainable development of territories on the example of one country. Originality/Value: The study emphasizes that the existing development potential of the territories at the period of studying of this issue is not fully disclosed. Programs that are implemented have a long period of their implementation, which ultimately affects the effectiveness of this process. So, it can be a kind of milestone for further strategic planning of territorial development, as the deadline for most regional development programs ends this year.

Suggested Citation

  • Denys L. Tarasenko & Оlena B. Тsyklaurі & Svitlana I. Belei & Maryna O. Rіabenka & Iryna O. Mazurkevych, 2020. "Strategic Planning for the Sustainable Development of Territories," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 259-272.
  • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:special1:p:259-272
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    References listed on IDEAS

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    1. Oecd, 2020. "Regional Strategies for the Social Economy: Examples from France, Spain, Sweden and Poland," OECD Local Economic and Employment Development (LEED) Papers 2020/03, OECD Publishing.
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      More about this item

      Keywords

      Strategic planning; territories; strategy; GDP; employment of population; European Regional Development Fund; program of territories’ development.;
      All these keywords.

      JEL classification:

      • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
      • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
      • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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