importance to have regional balance
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importance to have regional balance
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In the first place, different areas have different growth potential; some have minerals, or water, or good natural harbours, while others are poorly favoured. And secondly, even if all areas started with equal resources, it would pay to concentrate development in relatively few places, because of the economies of geographical concentration. The approaches of the planners and of the politician.
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Balanced regional development is an important condition for the harmonious and smooth development of a country. ... Rather it indicates utilisation of development potential of all areas as per its capacity so that the benefit of overall economic growth is shared by the inhabitants of all the different regions of a country.