Why is regional development necessary? Discuss its far reaching implicant?
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Regional development is necessary because development cannot be complete without regional development.
Explanation:
- Regional development is very important for the overall development of any economy around the world.
- If the local areas or regions are not developing, the economy cannot be considered developing in a true sense.
- Regional development also helps in the overall growth of an economy as small regions come together to form a larger territory.
- The far-reaching implications of regional development include increasing GDP, better human resources, better infrastructural facilities, increasing per capita income, etc.
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