Comparative Analysis of Regional Economic and Social Integration: Key Issues and Solutions
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v5i5.2903
Abstract
The integration therefore of regional economy and societies is necessary and effective in addressing the real issues to do with sustainable development and equalization of inequities. Through the synthesis of pertinent literature, this paper identifies relevant issues that have led to some disparity between the foreign experiences and Chinese engagement in regional integration. In this case, the analysis will be conducted on institutional issues, economic inequalities, social polices, and facilities. While looking into the strategies of other countries, including the success story of the European Union, the developed analysis suggests ways to improve integration in China. The need to continue the work on the formation of effective governance structures, use special financial instruments, implement comparable social initiatives, and to focus on infrastructure construction has been outlined as the ways to boost the regional development and to overcome the gap.
Keywords
regional integration, institutional framework, economic disparities, social policies, infrastructure development
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