SUSTAINABLE REGIONAL DEVELOPMENT AND PERIPHERALITY AND INNOVATION IN THE CONDITIONS OF GLOBALIZATION.

Purpose: The main aim of the article is to characterize and analyze the issue of sustainable development in the regional dimension, with particular emphasis on peripherality and innovation as a context of modernization changes in the conditions of globalization. Design/methodology/approach: The article uses a method of analysis of literature in the field of regional studies, referring to the problems of regional development in the perspective of conditions and changes in the macroscale. The thematic scope of the article includes an analysis of the theoretical foundations of regional development, the issue of regional disparities and developmental distances, the characteristics of peripherality and innovation as phenomena determining opportunities and barriers to development in the conditions of the globalization process. Social implications: The impact of the characteristics and analysis contained in the article can mark itself in terms of the goals and directions of regional policies formulated and implemented by public authorities at different levels. It can contribute to increasing the awareness and scope of knowledge of the regional community, especially its decision-making circles, with regard to the main goals and directions of development at the regional level, taking into account the role of innovation in overcoming the state of peripherality and marginalization under the prevailing global development trends. Originality/value: The value of the article is based on a focused analysis of the issue of sustainable regional development and showing its determinants in a new perspective, determined by the phenomena of peripherality and innovation as a context of changes on a global scale. The characteristics and analyses of the issue in question contained in the article are part of the trend of regional studies oriented towards the search for ways to overcome inter27 regional disparities and disparities in order to achieve regional balance and convergence. [ABSTRACT FROM AUTHOR]