Assessment of sustainable innovative regional development

Sustainable development is one of the main paradigms of contemporary society's development. Important and yet not sufficiently developed is the creation of systems for the assessment of sustainable development indicators adapted to national environmental priorities, national and regional environmental, economic and social policies; evaluation of environmental impacts of productive systems throughout the life cycle of man and environment; the use of metrics for sustainable development in the limited local area (enterprise, city, region, etc.). Today, it has become apparent that management system at the national and local levels should include the use of a set of indicators that cover all dimensions of sustainable development of the regions: the social, economic and environmental. However, the analysis conducted and based on such indicators as the integral index of sustainable development will make it possible for managers at various levels of government to find out the strengths and weaknesses of modern domestic regional policy, and to identify priority areas for their future endeavors. The article presents the results of the study that allow us to speak about the need for a differentiated approach to regional development and a unified state strategy based on the conceptual principles of sustainable development. Evaluation of sustainable development is based on an analysis of several areas of economic sustainability of socio-economic systems: economic, environmental and social. Evaluation of economic, environmental and social areas requires the use of specific indicators. The integrated assessment indicator of sustainable development of the region in the use in administrative activities is the best. It is effective to assess the current situation and forecast trends in the development, and this indicator characterizes the degree of stability of the system and the balance of its development. Integral indicators of innovative development can intensify the processes of comparative analysis of the dynamics of economic systems in the region, and they are universal indicators of balanced growth for the most important aspects of socio-economic system.