The main challenges of socio-economic development of the regions

Socio-economic development of regions is a key aspect of sustainable growth and well-being of any country. In the context of globalization, changing economic models, natural and social challenges, regions face a number of unique challenges that can significantly slow down their development. The study identifies and analyzes the key challenges faced by the regions in the process of their socio-economic development. The challenges are classified into various categories (economic, social, environmental) to systematize research.