Implementation of the Concept of Sustainable Development Based on Subsidiarity in Response to Current Dlobal Challenges

Lutsk National Technical University, Department of international economic relations, Lutsk, Ukraine

^* Corresponding author: l.korolchuck@lutsk-ntu.com.ua

Abstract

With the current challenges of a globalized world, such as the crown virus pandemic and the growth of anti-globalization and anti-vaccination resistance movements around the world, the concept of sustainable development as a global strategy is under threat. There is a need to use such mechanisms and means of regulating global socio-economic processes that would ensure the effective implementation of sustainable development strategy while eliminating the acute perception of the planet’s population of the negative effects of globalization. The article substantiates the application of the principle of subsidiarity in the implementation of the concept of sustainable development through the prism of an inclusive approach, as well as on the basis of the theory of sustainable development and deductive method of scientific knowledge it is developed a model for implementing the global concept of sustainable development on the basis of subsidiarity, which is to delegate the tasks of implementing the global concept from the global to the local level within the economic, social and environmental components of sustainable development and to specify these tasks at the level of the average citizen and local authorities. The implementation of the proposed model provides the involvement of every inhabitant of the planet in the processes of sustainable development with the ideological and financial support of local authorities in a decentralized environment, which will achieve sustainable development goals and reduce public resistance to global challenges.