Journal of Science and Innovative Development ISSN 2181-4317

ASSESSMENT OF THE LEVEL OF SUSTAINABLE SOCIO-ECONOMIC DEVELOPMENT OF COUNTRIES IN THE CONDITIONS OF TRANSITION TO AN INNOVATIVE DEVELOPMENT MODEL

Rajabov Alibek Xushnudbekovich August 31, 2021

Abstract

<p>&nbsp;This article discusses factors of sustainable socio-economic development and&nbsp;its level in the EU countries, taking into account that ensuring sustainable socio-economic&nbsp;development of the world in today&rsquo;s transition to an innovative model of development requires&nbsp;implementing of modern innovative ideas, developments and science-based technologies&nbsp;and evaluation was considered. The study uses evaluation which is based on a distance from&nbsp;average solution (EDAS) to determine which countries have the highest levels of sustainable&nbsp;socio-economic development and those having the lowest indicators, and to rank countries by&nbsp;these levels. The article also identifies the strengths and weaknesses of the countries based&nbsp;on the results of the assessment, and provides conclusions and recommendations for further&nbsp;improvement of the position of these countries in the ranking.</p>