Regional development theories

Regional development theories explore why some areas grow faster than others and how economic activities spread geographically. They consider factors like resources, infrastructure, technology, and policies. Theories such as core-periphery explain how wealth concentrates in certain centers, while newer ideas highlight the importance of innovation, human capital, and connectivity in fostering regional growth. These theories help policymakers identify strategies to promote balanced development, reduce inequalities, and improve living standards across different regions by understanding the economic and social forces at play.