What are geographical traits for regional imbalances?
Answers
Regional Imbalance/Regional Disparities
Balanced growth means growth equilibrium in different sectors of the economy. It means all sectors of economy will expand in same proportion so that consumption, investment, & income will in same rate. It means the growth rate of consumption, investment & income should be equal.
Balance growth is a dynamic process which include sustainable growth where the supply & demand are in equilibrium and growth in every kind of capital stock.
According to R. F. Harrod, balance growth is a condition where wweight of income, output & natural resources are equal. It is express as: Gy = Gw = Gn or Gy = Go = Gr . If the 3 variables are balanced, the country or nation has balance growth pattern.
Regional Disparity is a spatial analysis of the growth pattern or the economic development. Certain areal units have higher growth propensity because of geographical advantages & inertia, while certain regions lacks such advantages. Thus ,they remain economically depressed & growth impulse are emancipated.
Regional Imbalance is the effect of variations in growth impulses over the space. It is an important geographical search, as to why certain regions have higher growth rate while others have not? Regional imbalance the differential economic force existing in a region. Certain regions have polarisation of economic factors while some regions have economic deprivation.