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Regional development refers to a broad category of policies aimed at reducing regional disparities within an economy or across economies by devoting resources to underdeveloped areas. Regional development can be national or international in nature.
Sustainable regional development is the application of sustainable development at a regional, rather than local, national or global level. It differs to regional development per se, as the latter is a term used more generally to describe economic development that emphasises the alleviation of regional disparities.
Regional planning is the science of efficient placement of infrastructure and zoning for the sustainable growth of a region. Advocates for regional planning such as new urbanist Peter Calthorpe, promote the approach because it can address region-wide environmental, social, and economic issues which may necessarily require a regional focus.
The development of regional policy in China can be divided into three stages. Balanced development in the early 30 years of New China (1949-1978) The balanced development policy implemented in the early 30 years of the founding of the People's Republic of China is a process of the top-down one-way directive plan. The central government uses the ...
Regional policy projects in less developed regions are supported by three European funds: the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the Cohesion Fund. The European Investment Bank (EIB) has pledged to increasing its support for certain regions in its Cohesion Orientation for 2021–2027. [30]
Rural development actions are intended to further the social and economic development of rural communities. [16] [17]Rural development programs were historically top-down approaches from local or regional authorities, regional development agencies, NGOs, national governments or international development organizations. [18]
The defunct Autonomous Region in Muslim Mindanao's (ARMM) equivalent of an RDC was the Regional Economic and Development Planning Board. [ 4 ] Under the Bangsamoro Organic Law , Bangsamoro is mandated to maintain the Bangsamoro Economic and Development Council (BEDC) which serves as the autonomous region's equivalent of an RDC.
Regional Integration is a process in which neighboring countries enter into an agreement in order to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio ...