Question

What do you mean by regional inequality?

Answer 1

Hint: There is a disparity in living standards and employment prospects between regions. It is common for some parts within a nation-state to be relatively wealthy in comparison to other regions, with a higher share of well-paid jobs and service supply.

Complete answer:
In many countries, different regions are more developed than others. This is referred to as "regional inequality."
Some major reasons for regional inequalities are:
- Geographical variables play a significant part in a growing economy's development activities. The tough terrain, which is bordered by hills, rivers, and dense forests, raises the expense of administration and development projects while also making resource mobilisation difficult.
- Locational advantages play a significant part in establishing a region's development plan. Some places are given extra consideration when it comes to site selection for various development projects due to geographical benefits.
- Economic overheads such as transportation and communication infrastructure, power, technology, banking and insurance, and so on are regarded critical for a region's development.
- Political instability in the backward regions is another key factor contributing to regional imbalance. Political instability, such as an unstable administration, extremist violence, and law and order issues, have stymied the flow of investments into these backward regions, as well as causing capital flight from these countries.

Note: Many people are concerned that widening and persistent gaps indicate that regions and individuals are being left behind, putting inclusive progress at risk. Poor regional performance can exacerbate dissatisfaction and destroy societal trust and cohesiveness. This could result in political turmoil.