Page 71 - Theoretical and Practical Interpretation of Investment Attractiveness

2.1.2 Table
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Additional Parameters for Assessing the Economic Efficiency of Regions

Parameters A brief description of the assessment of the economic potential of the regions

The placement capacity Expansion of economic objects in the region and/or the possibility of their
establishment.
It is determined taking into account the availability of indicator resources.
Efficiency of resource In the future, if any resource has an adverse effect on the expansion of the
utilization economic activity of the region, the establishment of a high level of restriction in
relation to this resourc
Readiness for organizational Description of existing infrastructure and management system in the regions
and economic innovations The principle of the existence of the ability to ensure the economic development
Readiness for organizational of the region and to constantly monitor it, and the principle of adopting various
and economic innovations innovations
Dynamic characteristics Stability, immobility of the regional system and its ability to form a structure

Recent studies have focused on investigating the development of regions based on their
geographical and contextual conditions, often referred to as the "spatial (phase) potential of
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regions." V.P. Efimov emphasizes that "if the development of regions is based on the
integration of existing resources into spatial and regional clusters, it will yield economic and
social benefits."
In addition to this, scholars propose modern approaches to ensuring the development
of regions, such as clustering to promote economic diversification, enhancing internal
connections and infrastructure, optimizing the utilization of local resources, and improving
the efficiency of social labor distribution.
Moreover, it is important to support the comprehensive development of national
infrastructure, strengthen the system of produced chains, and direct internal resources toward
this sector to ensure the prosperity of residents and the sustainable development of the
economy.
A.A. Zinovyeva, highlighting the importance of regional development, identifies
subjective and objective factors. Among the objective factors are natural geographical
differences, the availability of economic resources, technological aspects of regions, and
economic diversity.
Overall, it is evident that the economic management of regions is essential for their
sustainable development, and the effective use of economic potential can significantly impact
their future prospects. Therefore, it is crucial to evaluate economic efficiency accurately and
implement appropriate economic policies. These internal opportunities suggest the need for
comprehensive regional development programs implemented by governments to ensure the
prosperity of residents and sustainable economic growth.

94 compiled by the author

95 Efimov V.P. "Spatial Potential as the Basis for the Development of a Region as a Unified Socio-Economic Complex."
Abstract of the dissertation for the degree of Candidate of Economic Sciences. Moscow, 2006 URL:
[http://rudocs.exdat.com/docs/index-177000.html](http://rudocs.exdat.com/docs/index-177000.html)
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