THE CONCEPT OF REGIONAL DEVELOPMENT - CURRENT SPECIFICATIONS AT INSTITUTIONAL LEVEL
THE CONCEPT OF REGIONAL DEVELOPMENT - CURRENT SPECIFICATIONS AT INSTITUTIONAL LEVEL

Summary/Abstract: The regional development is a concept with multiple meanings, but can be interpreted as a general effort to reduce regional disparities by supporting economic activities influencing employment and wealth generation at the regional level. While not long ago, development was a consequence of the investments in infrastructure and the creation of competitive production capacities, now development has strong qualitative connotations, incorporating innovation, scientific research, eco-economic and inclusive behaviors (some European countries, such as Romania, require the creation of the development basis, respectively massive investments in infrastructure, including business, in order to provide the economy with the necessary elements to operate in conditions of efficiency and competitiveness).

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