Objectives of Regional Policy
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Much discussion of regional policy is couched in terms of ‘promoting sound growth in the regions’, securing ‘a proper distribution of industry’, ‘regional balance’, or diverting to the less prosperous regions ‘a fair share’ of national economic growth. The looseness of this terminology often reflects an unwillingness to specify the precise objectives of regional policy. The result is that it becomes very difficult to evaluate the success of policies when the objectives sought are so vaguely stated. The political advantages of such a procedure are well known, but for the purpose of applying economic analysis a more specific statement of aims is fundamental.
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