IMPROVING THE ORGANIZATIONAL MECHANISM FOR REGIONAL SOCIO-ECONOMIC DEVELOPMENT
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Abstract
Enhancing the organizational mechanism for regional socio-economic development is a complex process that integrates governance, strategic planning, investment, stakeholder engagement, innovation, and digital transformation. This paper explores the multidimensional nature of these mechanisms, emphasizing the importance of strategic planning, institutional frameworks, and investment support in achieving sustainable growth. It highlights how stakeholder collaboration, participatory governance, and innovative approaches, including digitalization and geographic information systems (GIS), strengthen regional competitiveness. Innovation and technology spillovers are discussed as key drivers of industrial modernization and employment creation, while the concept of development asynchrony is examined to underscore the challenges of uneven regional growth. The paper further stresses the significance of resilience-building mechanisms, green economy frameworks, and regional marketing strategies in ensuring balanced and sustainable development. Ultimately, a comprehensive organizational mechanism—one that combines economic, social, technological, and environmental dimensions—emerges as essential for improving regional well-being and fostering long-term socio-economic sustainability.
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