Regional Divergence + Convergence

Question 1

What is regional divergence?

Answer 1

• when social + eco disparities between regions grow

Question 2

What is regional convergence?

Answer 2

• when social + eco. disparities between regions become smaller

Question 3

How can regional eco. divergence change to regional eco. convergence?

Answer 3

• by gov. investing in infrastructure projects in poorer regions, to help stimulate eco. dev. bc better transport + communication networks help to connect disadvantaged regions to larger markets
• by improving access to education in poorer regions, enabling workers to gain better skills, making them more employable, + so attracts higher-paying jobs + creates a more skilled workforce
• by providing poorer regions w tech. to help small businesses expand + integrate into national or global markets
• by encouraging FDI from TNCs in underdev. regions, which bring capital + advanced tech to help transfer knowledge, create jobs + build infrastructure, + so boosts local economies