ED/U4 Topic 4 Bringing about stability and Balanced Regional Development of industries
Regional disparities in development have been an important socio-economic and political issue in developing countries. In our country some of the states are very developed while many others are in very backward condition. The main objective of balanced regional development is to develop all regions equally by making optimum utilisation of resources. Following are the aims of balanced regional development:
- Provide Equal Opportunities of Employment Centralization of industries provides employment to a specific field and maintaining the condition of unemployment in other fields. Due to this reason, entrepreneur is unable to make the optimum use of resources. If there is balanced regional development of industries then it will provide employment to every group reducing the employment disparities.
- Development of Local Resources: This is national aim that we should develop the local resources. If there is unbalanced regional development of resources then the local resources of an area are not fully developed. As it is worldwide that every area Possess some of specialized feature whether they are in the form of human resource, or natural resources and if these resources are fully utilized and developed then these regions can develop fully and can contribute in the development of nation.
- Development of Infrastructure: The backward states may develop rapidly if there is a rapid development in the infrastructure. If electricity, water supply and roads are developed adequately in all the regions, then other segments of infrastructure and services sector will automatically develop. Thus, it will help in reducing regional imbalance.
- Development of Social Infrastructure: The social infrastructure includes investment on education, health services under public sector etc. If the development of social infrastructure is adequate then the people will be educated enough to contribute in the balanced regional development of the nation.
- Optimum Utilisation of Resources: The natural resources of every nation are limited. The country should make their optimum use in such a way that some part of them might be kept in reserve for future use. Balanced regional development can fulfil this aim, as excessive use of resources of a particular area lead to the wastage of the resources of that area and further exhaust them for future use.