Regional policy - Regional policy Define the regional...

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Regional policy Define the regional problem A regional problem exists where a region departs from the national average in terms of various characteristics; high and persistent unemployment, low level and growth of GDP per head, heavy dependence upon a narrow industrial base, rapid decline in manufacturing, inadequate levels of infrastructure, net migration out of the region. What do we mean with core and periphery regions? Core regions are those which have experienced the most rapid economic advance in the past three decades Periphery regions have experienced less favorable conditions inner and outer peripheries are often identified. What is the case for regional policy? Intervention in terms of regional policy is usually advocated by those who feel that market forces alone will not eliminate regional disparities. There may be a lack of knowledge on the part of employees or employers of opportunities in other regions; or there may be high costs of movement as with the need for rehousing the breaking of social ties and the expensive relocation of plant and machinery. Second there may be restrictions on the price
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This note was uploaded on 03/31/2010 for the course ECONOMICS 322 taught by Professor H during the Spring '08 term at Kadir Has Üniversitesi.

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Regional policy - Regional policy Define the regional...

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