Sustainable regional economies boost competitiveness and quality of life.
The article discusses the concept of sustainable development in the regional economy. It explores different interpretations of sustainable development and focuses on the idea that it involves legal, economic, social, and industrial aspects to help a region achieve stability, competitiveness, and a better quality of life. The researchers looked at works by Russian and foreign authors to understand the term better. They found that sustainable development of a region involves balancing relationships between government, businesses, society, and the environment to improve overall well-being and competitiveness.