THEORETICAL FUNDAMENTALS OF ECONOMIC DEVELOPMENT OF THE REGION AND FEATURES OF THE FORMATION OF ITS ECONOMIC MECHANISM IN THE CONTEXT OF TRANSFORMATIONAL CHANGES IN THE NATIONAL ECONOMY

The subject of the study is: the economic development of the region and the peculiarities of the formation of its economic mechanism in the context of transformational transformations of the national economy. The purpose of the research is the scientific substantiation of theoretical provisions regarding the economic development of the region and the peculiarities of the formation of its economic mechanism in the context of transformational transformations of the national economy. Research methods. Methods of abstraction, analysis and synthesis, systematization and generalization were used to clarify the conceptual apparatus, determine the content of the evaluation process, justify the criteria and indicator system, classify directions and methods of evaluation. Work methodology. In the process of researching the specified problems, the following were taken as a basis: the main provisions of economic theory in the field of regional economy, the work of domestic and foreign scientists and practitioners in the specified field. Work results. The main scientific result of the study consists in the theoretical justification and analysis of the economic development of the region and the peculiarities of the formation of its economic mechanism in the context of transformational transformations of the national economy. Field of application of results. The results of this study can be applied in the field of studying the problems of the placement of productive forces and the regional economy. Conclusions. Summing up, we note that the most modern models of the economic mechanism are models based on the concept of economic equality of all subjects and ownership parties. With such a system of economic relations, the region and the center fall into absolutely equal starting conditions, which sufficiently stimulates both subjects of property relations. On the one hand, thanks to considerable financial and economic opportunities, the center concentrates significant funds on strategically important national directions of social, structural and scientific and technical policy. On the other hand, the regions have enough resources to promptly solve the current problems related to raising the living standards of the region's residents.