Local Self-Government as the Factor of Restoration of the Ukrainian Economy

The purpose of the article is to identify the leading factors for the recovery of the Ukrainian economy, using the resources of local government. Research methodology includes: historical, system-structural and comparative studies (to understand the successful experience of developing economically selfsufficient local self-government); monographic analysis (when studying the leading socio-economic factors in the formation of effective local and territorial communities); statistical and economic analysis (when assessing the potential of local communities in the economic processes of the country). Scientific novelty. It has been revealed that in the modern world the formation of economically self-sufficient local communities is an extremely complex and longterm process, which depends not only on the local community, local government, but also on the balanced policy of the central authorities. Unlike most countries in the world, Ukraine has gone through a difficult path of reforms to form effective, economically self-sufficient territorial communities. It is proved that a number of laws, legislative initiatives and regulations in Ukraine significantly oppress local self-government; and it is also noted that political structures and parties in Ukraine, working in local governments, do not always contribute to the development of territorial communities. It is proposed to carry out appropriate comprehensive reforms: 1) to strengthen the transparency, responsibility and institutional capacity of state authorities and local self-government in their accountability to society; 2) intensify the reform of judicial, law enforcement and regulatory bodies of state power, local self-government, carry out maximum digitalization, introduce a system of efficiency and reduce discretion; 3) to carry out real deoligarchization and bring big business to the values of social responsibility in Ukrainian society; 4) to form measures to transfer the economy and society to greater innovation and creative values; 5) launch infrastructure reform; 6) reform social and family values. Conclusions. The communities that received resources and great powers basically did not realize their economic potential. The asymmetry of the economic development of the regions of Ukraine over the past 9-10 years has only intensified. The reason is a significant number of laws and regulations that are contrary to the interests or do not allow to reveal the potential of local communities. Such problems can be resolved at the legislative level, taking into account the needs of local communities. In addition, opacity, corruption, and inconsistency in the actions of local and state authorities are often manifested; therefore, the author’s proposals for reform (6 points) are the key to the formation of economically successful and self-sufficient communities. Key words: local communities, local self-government, local self-government economy, regional economy, organization of local self-government in the global economy.