DIRECTIONS FOR IMPROVING THE ACTIVITIES OF LOCAL SELF-GOVERNMENT BODIES IN ENSURING ECONOMIC SECURITY

Introduction. In the context of modern globalization processes, ensuring economic security is one of the key tasks for any state. Economic security ensures the stability of the economy, contributes to socio-economic development, and creates conditions for improving the living standards of the population. Local self-government bodies play an important role in this process by implementing state policies at the local level. The article examines various aspects of local governance aimed at ensuring economic security at the local level. Specifically, it analyzes strategies for enhancing the competence of local government officials, developing monitoring and analysis systems, stimulating investment activity, ensuring transparency and public participation, as well as preventing corruption and abuses. Through examples of successful practices in European Union countries and recommendations for countries in challenging conditions, the article offers conclusions for effective management of the economic situation at the local level. The purpose of this work: The purpose of this study is to analyze existing problems and identify ways to improve the activities of local self-government bodies in ensuring economic security. Research materials and methods. In the process of carrying out the research, the following scientific methods were used: comparative analysis, analysis of legislation and policy of local self-government, synthesis and generalization of information, documentary analysis. Scientific publications, reports of international organizations and legislative documents of the countries that were the object of the study were studied. Examples from European Union countries such as Denmark, Germany, Norway and Sweden were also analyzed to examine their experience in solving similar problems. Novelty: The article proposes innovative approaches and strategies for ensuring economic security at the local level, taking into account the diverse management systems in European Union countries. The novelty lies in the analysis of various models of local self-government and their impact on economic development, as well as in the proposal of specific methods and strategies that can be applied to enhance the efficiency of economic management at the local level. Results. The article provides an in-depth analysis of various aspects of local self-government and their impact on economic security. The results indicate the significance of the competence of local government officials, the need for the development of an effective monitoring and analysis system, as well as the importance of stimulating investment activity and ensuring transparency and public participation.