Thus, Regional imbalance refers to the disequilibrium or disparity in terms of resource, productive economic growth, an assemblage of factors of production between two or more regions, culminating into development disparities, regional consciousness, and generating a flow pattern towards the developed region and polarisation, agglomeration and fused economic growth.
Concept of Balanced Growth
Harrod’s equation
In 1911, 1st regionalization was provided which divided world into
Classification based on population and resource by Ackerman
After the 2nd World War, the world got divided into North-South blocks. It’s a geopolitical term that explains the developed north and developing south.
The division is summarized below:
On the basis of the present world scenario and physical, social, economic, and cultural landscape of present world classification is done on the primary scale as:
Developed
Historical factors:
Physical factors:
Economic factors: economic factor includes
Demographic factors: demographic factors include
Socio-cultural factors: It includes
Political factors:
Religion factors:
Advantages of Developed Region
Economic Structure and Imbalance
Suggestions:
Conclusion:
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1. What are regional imbalances? |
2. What are the causes of regional imbalances in a country? |
3. How do regional imbalances affect the overall development of a country? |
4. What measures can be taken to address regional imbalances? |
5. What are the consequences of neglecting regional imbalances? |
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