New regional development policies aim to bridge economic disparities and boost competitiveness.
The article discusses how regional development policies in the OECD and Europe have evolved over time. Initially, policies focused on providing financial aid to poorer regions and creating artificial economic hubs. However, after facing challenges and limited success, a new approach has emerged. This new strategy emphasizes equal development opportunities for all regions, investing in infrastructure and technology, and promoting environmental protection. The goal is to achieve sustainable development by integrating economic, social, cultural, and environmental activities.