Abstract

The history of the 20th century was marked by the evolution of the concept of a region that has undergone various formulations, as well as rejections. Different authors define the region as a natural, human, historical, cultural, as well as economic reality. The notion of the region is multifaceted because the region makes a complex interconnection between different geographical, economic, cultural, political and other factors. In certain approaches, the region is viewed as a concrete fact, in other approaches, the region is only a theoretical fact, namely the creativity of the human spirit. Regions are often studied as a product of the interaction of individuals or social groups in different economic, political, and cultural contexts. Regionalization establishes the regions as administrative and political units within the national state. Consequently, regionalization implies decentralization, as it transfers the part of the authorities from the national to the regional level. The forms of the regional structure depend on the historical, geographical, political, and cultural specifics of the territory. From the aspect of the region, regionalization contributes to its affirmation and preservation of regional specifics, primarily cultural, but also of various interests - social, economic, political, etc. From the aspect of the state as a superior entity, regionalization contributes to the achievement of a balanced development of the region and more efficient connection of state authorities to the local one. These two aspects of regionalization should be compatible, but in practice this does not usually come about.

Highlights

  • Problems of regional differences, unequal territorial distribution of household income, and economic development opportunities are important theoretical and practical issues in all countries in the world

  • From the aspect of the region, regionalization contributes to its affirmation and preservation of regional specifics, primarily cultural, and of various interests – social, economic, political, etc

  • From the aspect of the state as a superior entity, regionalization contributes to the achievement of a balanced development of the region and more efficient connection of state authorities to the local one

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Summary

Introduction

Unequal territorial distribution of household income, and economic development opportunities are important theoretical and practical issues in all countries in the world. Solving scientific problems in our article involves a complex definition of causality between the regions, territorial capital and regionalization. The mentioned scientific problems are part of a complex subject of study, the aim of which is to identify, define and monitor the transformation of the region in order to perceive the future development. The secondary goal of the article is to point out the social and scientific importance of regional and development policy, as well as numerous problems and challenges in practice when it comes to the use of local resources and the strengthening of competitiveness

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