What is a regional development policy?
Regional development policy or place-based policies aim to reduce regional disparities by supporting economic activities in all regions. In today’s context, these policies are more important than ever. The result is under-used economic potential and weakened social cohesion.
What is regional policy UK?
Regional policy aims to improve economic conditions in regions of relative disadvantage, either within a nation or within a supranational grouping such as the European Union. …
What are the aims of regional development?
Regional development encourages economically disadvantaged communities to improve their economic, social, cultural and environmental well being by realising the full potential of a region’s resources and its inhabitants.
What is regional development in economic?
Regional economic development entails the creation of new businesses and expansion of existing businesses, in a way that expands the total number of jobs and results in a rising average wage.
What are the indicators of regional development?
It is reflected by the indicators like per capita income, the proportion of population living below the poverty line, the percentage of urban population, percentage of population engaged in agriculture vis-à-vis engaged in industries, infrastructural development of different states.
What is cohesion policy EU?
Cohesion policy is the European Union’s strategy to promote and support the ‘overall harmonious development’ of its Member States and regions. 174), the EU’s cohesion policy aims to strengthen economic and social cohesion by reducing disparities in the level of development between regions.
What are the factors affecting regional development?
The physical factors like relief, climate, location, population and land use of the region affects the regional development. Regional development occurs near areas with favourable location, plain relief, sufficient rainfall, developed agriculture, transportation, industries and trade.
What are the regional development models?
models of regional development. This group includes theories of: • polarised development, integrated development, • sustainable development, Page 2 316 • eco-development, • the neo-classical theory, • the post-Keynes theory, • endogenous development.