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The paper presents the developed and successfully tested structured approach to the analysis of sustainable development of the country and its regions. The article shows that the most important element of sustainable management of the country and its regions is organization of effective monitoring. The article defines the objectives, principles and monitoring functions. It describes in detail the monitoring algorithm. It includes problems, choice of system of indicators, support of their thresholds, processing unstructured data, converting raw data into indicators, processing and visualization of transformed information, ranking risk areas of indicators, normalization of indicators, aggregation of information (synthesis of generalized indexes on various areas of sustainable development), analysis and forecasting, study of fine structure of the system of sustainable development. The proposed approach makes it possible not only to analyze and predict parameters of sustainable development in the region, but also to obtain a structured picture according to administrative-territorial features, explore differentiation of regions by selected indicators of economic development. [ABSTRACT FROM AUTHOR]

The article explains the relationship of innovations with sustainable development of economic systems. Technological innovations contribute to scientific and technological progress and economic efficiency of the national economy and also can be used as a tool for overcoming the crisis. Social innovations are aimed at human capital development, elimination of problems of formation of civil society. Environmental innovations are related to environmental management, renewable energy, introduction of restrictions relating to the need to preserve the human environment and society as a whole. It is shown that formation of innovative economy is connected with formation of a new segment of modern economy of the national innovation system (NIS) which generates a stream of innovations that meet rapidly changing human needs in accordance with acceleration of scientific and technological development. The effectiveness of the NIS is determined by two factors: innovation potential and innovation transfer. The first one includes totality of resources, capabilities and opportunities of socio-economic system in implementation of innovation activity. The second is the process of overflowing resources within the innovation activity needed for creation and dissemination of economic, environmental and social innovations, helping to improve socio-economic efficiency and to form sustainable development of society. [ABSTRACT FROM AUTHOR]