Approaches and Principles for Determining the Objectives of Sustainable Socio-Economic Development

Abstract

For ensuring the sustainable socio-economic development of a country, region, or municipality, education is an essential goal of the economic policies of government authorities at all levels. When implementing the foregoing policies using strategic management tools, it is crucial to determine the scope of the objectives that would ensure such development. Aim. This study is aimed at determining approaches toward substantiating and selecting the objectives of socio-economic development within the framework of strategic planning. Tasks. This study analyzes approaches to the definition of “sustainable socio-economic development” and identifies the basic principles and scope of the objectives that would ensure sustainable socio-economic development through the example of St. Petersburg. Results. The scope of the strategic objectives that would ensure a city’s sustainable socioeconomic development is analyzed. An original approach to the definition of “sustainable socioeconomic development” is proposed, which interprets development as a goal-oriented, continuous process of satisfying social and personal requirements on the basis of the increasing economic capabilities of the socio-economic system under conditions of the rational use of resources and environmental protection.