The role and significance of foresight in the strategic management of regional development in the era of globalization and digital transformation of the economy

Abstract

The article defines the role and significance of the foresight in the strategic management of regional development in the conditions of globalization and digital transformation of the economy, discloses ways of promoting the regional foresight in the development of regions, presents the characteristics of the directions of regional foresight assistance in solving global problems, substantiates the potential directions of the regional foresight. Foresight is a systematic approach to identifying and analyzing future trends and challenges, as well as developing strategies to address them. Foresight technologies, which involve systematic and structured research into possible futures, have the potential to provide valuable information for strategic decision-making. Ways in which regional foresight can contribute to regional development include anticipating and responding to change; promoting innovation and competitiveness; increasing stability; strengthening cooperation and partnership. Climate change, technological and demographic changes, globalization, political instability, resource management, infrastructure development, social and cultural diversity, management and policy development are among the directions of regional foresight's contribution to solving global problems. The most relevant areas of development of the regional foresight are such as increasing the use of data and analytics, expanding cooperation and involvement of interested parties, integration with other policy areas, emphasis on stability and sustainability. Regional foresight can contribute to global challenges by helping regions anticipate and adapt to change, fostering innovation and cooperation, building resilience and sustainability, and contributing to a more peaceful and prosperous world. In light of these global challenges, foresight can help regions develop strategies that are better suited to a complex and rapidly changing global environment. By engaging in foresight, regions can anticipate and adapt to change, foster innovation and collaboration, and build sustainable, resilient communities.