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In today's world, regional policy is in the spotlight to stimulate economic growth, social stability and promote sustainable development. Governments at various levels of government around the world are actively developing and implementing a variety of regional strategies and programmes to address the specific challenges and needs of their regions. These include infrastructure development, investment promotion, support for small and medium-sized businesses, and access to education and healthcare. The growing diversity of such policies underscores the importance of comparative analysis to assess their effectiveness and impact. It is found that despite a significant number of works devoted to regional development, domestic scholars have not yet reached a consensus on the definition of such concepts as «regional policy» and «state regional policy». The effectiveness of the state regional policy is determined by the thoughtfulness and validity of the decisions made at two stages: the formation of the state regional development policy and its phased implementation. It is important for researchers to take into account specific regional conditions, such as economic structure, socio-cultural characteristics, geographical and demographic factors that may affect policy outcomes. This requires the use of comprehensive and multidimensional indicators that cover economic, social, environmental and infrastructural aspects of development. The benchmarking method plays a key role in shaping and improving regional policy by helping to identify effective strategies, analyse success factors, identify common challenges, increase transparency and accountability, support decisionmaking and promote international cooperation. The assessment of the benchmarking results should include not only the identification of strengths and weaknesses of regional policies, but also the formulation of specific recommendations for their improvement, which contributes to their effectiveness and efficiency.
V. A. Kobylnyk (Tue,) studied this question.