Policy Initiative for Balance Regional Development and Growth

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DOI: 10.4236/tel.2018.814188    634 Downloads   3,239 Views  
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ABSTRACT

The economics growth and development mostly coined together, and it was thought that growth itself led to development of the country but it was found that there are more dissimilarities than complementary. A higher growth will spontaneously lead development only when there is equitable distribution of resources and balancing regional development. But it did not happen in practices as high growth widen inequality and unequal distribution between the different groups of people in the societies as well between inter-state and intra-state to create regional imbalance, further as there is a transition period of the economy and urbanization took place it was experienced that regional imbalance widen in the term of class difference, gender discrimination (lower participation of women, as well alarming sex ratio), resources distribution, and per capital income. Further, the regional economic disparities create more inequality between savings, investment, and had interconnected map over the vicious cycle of corruption, demographic challenges, influencing chronic & infectious diseases, illicit trade, migration, food insecurity, and governance failures. The paper is addressing those various issues and thrust area of policy initiatives to present the causes of regional imbalance and growth as well the policy initiative for inclusive development.

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Rana, R. (2018) Policy Initiative for Balance Regional Development and Growth. Theoretical Economics Letters, 8, 3034-3045. doi: 10.4236/tel.2018.814188.
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