Abstract: As a result of the study, it has been found that the role of public administration in the regional development of EU member states is the highest in less developed countries, forasmuch as after joining the EU these countries have adapted their national legislation and the legal system as a whole to much higher standards than national ones. As a result, investors' confidence is growing, the investment climate and business activity are improving. It has been proved that the basic strategic factors of public administration in less developed EU countries will be the factors related to improving the quality of regulatory and legal support of the social-economic environment and ensuring the rule of law. The factors outlined and policies towards achieving high level can be used by developing countries as a positive experience in reforming national legal systems and public governance.
Keywords: Quality of Public Administration (Governance); Regional Development; Foreign Investments; Business Activity; Investment Climate
Recieved: 22.02.2021 Accepted: 10.06.2021 UDC: 332.021.8