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 ?
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.
With regional geopolitics being more divisive than geoeconomics, growing economic regionalization and interdependence have often served as a bulwark against persistent or periodic political tensions in Sino-American, Sino-Japanese, Sino-Taiwanese, and even Sino-South Korean relations.

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