How the regional disparity in the availability of resources affect the development of the region
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Several factors affect regional development . Some factors affect directly while others influence indirectly but still they have an impact .Regional development is a complex situation and should be viewed with a multi- dimensional approach.
Firstly , the strategic location has a big advantage , in terms of connectivity land ,air and water .Politicians at local , regional and national levels could play an important role in decisions related to regional development. Availability of natural resources could be a deciding factor , sometimes in terms of productivity and sustainability.Human resource availability depending on the skill level may influence the regional development .Industrial Clusters are widely known for certain region development . In 1990s , the success of Silicon Valley in California is a good example for IT cluster .Promotion of Industrial parks and Export Processing Zones with generous subsidies and tax exemptions could lead to regional development .
Firstly , the strategic location has a big advantage , in terms of connectivity land ,air and water .Politicians at local , regional and national levels could play an important role in decisions related to regional development. Availability of natural resources could be a deciding factor , sometimes in terms of productivity and sustainability.Human resource availability depending on the skill level may influence the regional development .Industrial Clusters are widely known for certain region development . In 1990s , the success of Silicon Valley in California is a good example for IT cluster .Promotion of Industrial parks and Export Processing Zones with generous subsidies and tax exemptions could lead to regional development .
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