DYNAMICS OF REGIONAL DISPARITY: FROM THEORY TO REALITY

Povzetek

Balanced regional development is vital for nation’s upliftment because uneven growth across regions leads to disparities in the economy, society, and infrastructure that affect the people's quality of life. The paper’s goal is to comprehend the dynamics of regional disparity. The paper also examines the debates regarding various economic and social theories required for the overall development of the region. The study is based on a review of theoretical and empirical literature. Existing definitions, types, and approaches to regional disparity have been studied to provide the necessary theoretical context. The analysis is set in the context of how the interpretations of terms and theories, on the part of both scholars and international organizations, have evolved over several decades. In the evolving landscape of regional planning, development interventions should prioritize both sustainability and social inclusion. The paper underscores the need to address regional disparity and offers valuable insight into future avenues.