Economic Regionalization

Economic Regionalization

 

the demarcation on a national scale of economic regions that have formed or are forming in accordance with the territorial social division of labor (seeDIVISION OF LABOR). Under socialism, a scientifically grounded economic regionalization is a necessary instrument of national economic planning by territory and is an important condition for improving the territorial organization of productive forces and economic management.

Economic regionalization is an effective method of management and an important factor in correctly combining territorial planning with the sectoral principle of management, in ensuring the rational location of productive forces, and in regulating the specialization and integrated economic development of economic regions in order to bring about every possible increase in the efficiency of social production (seeECONOMIC REGION, LOCATION OF PRODUCTIVE FORCES, and TERRITORIAL-PRODUCTION COMPLEX).

References in periodicals archive ?
The cornerstone of CPEC is to develop regional connectivity to ensure economic regionalization.
The finance chief said the Philippines also stands to benefit from the supportive tailwind provided by economic regionalization, which will be done via the envisioned ASEAN common market in 2022.
Viewed in this light, post-Cold War East Asia in general and NEA in particular can be said to be experiencing major economic regionalism as a response to major economic regionalization.
Some of the book is new material and some collects previous essays of the author, so we find some odd compartmentalizations of topics: an opening section of sixty pages on economic development in Africa which scarcely mentions public choice concepts or arguments (with an important chapter on African economic regionalization in comparative context); repeated discussions of the impact of colonial legacies in several chapters, rather than in one place.

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