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 ?
A comprehensive regional integration project must include trade as the basis for major economic regionalization which will be also beneficial for the integration into the global economy.
Looking ahead, processes of economic regionalization might induce new regional projects, not the other way around.
The cornerstone of CPEC is to develop regional connectivity to ensure economic regionalization. The improved infrastructure including road, rail etc would not only add to the agility of the trade but would also connect the people of the region by facilitating the exchange of academic and cultural delegations and regional information.
The economic regionalization represent in the opinion of the American professor Robert Gilpin (15) a reaction from the part of the nation--states to the common political problems, but also to a global economy with a high degree of interdependence.
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. Until recently, there has been less in the way of political or security regionalism.
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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