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, Ackowledgements Parts of this text are spinoffs from research in the framework of the project European Union's Horizon 2020 Research and Innovation Programme projects European Cohort Development Project (ECDP) Grant Agreement No, INSIGHTS INTO REGIONAL DEVELOPMENT ISSN, vol.1, 2018.

, Natalya Selivanova-FYODOROVA is a Doctoral Candidate at the Faculty of Social Sciences in Daugavpils University (Latvia)

K. Vera, . Dr, and . Oec, Leading researcher at the Institute of Humanities and Social Sciences of Daugavpils University (Latvia)

, Her research interests: regional economics, sustainable territory development

, as well as an associate professor at the Faculty of Economics and Management. She has the status of the expert of the Latvian Council of Science in the field of economics. Her research interests: regional economics, sustainable development, measuring the state of development of countries, Jelena LONSKA is Dr.oec., researcher at the Business and Society Process Research Center of Rezekne Academy of Technologies (Latvia)