Achieving the Effectiveness of Regional Development in the Context of Modern socialand-economic Reality

The social-and-economic transformations performed at the present stage of state development necessitate the formation and effective development of methods, mechanisms and tools for regional development. A key role in this development is occupied by an orientation towards the priorities of the implemented state social-and-economic policy. Based on the application of the method of relative differences, an order of ranking regions pursuant to the criterion of the current and strategic efficiency of the development of territories is proposed. The formation of a system of indicators that makes it possible to most correctly consider the largest number of factors characterizing the state of the regional economy will make it possible to maximize the potential of the territories, create conditions for achieving a socially oriented nature of transformations of the economic system while maintaining the stability of economic growth, and a gradual increase in the volume of national wealth. Assessing regional development based on the method of studying the competitive potential of territories seems to be effective, since it implies the possibility of improving the efficiency of managerial influence in this direction