The Impact of Industrialization Policy on Interregional Economic Equality and Competitiveness
DOI:
https://doi.org/10.69760/gsrh.0260302007Keywords:
industrialization, regional development, economic equality, competitiveness, innovation, infrastructure, human capital, state policy, public–private partnership, national innovation systemAbstract
Industrialization policy is one of the key strategic instruments for accelerating the economic development of regions, modernizing production sectors, and fostering competitive advantages. In an era of intensified global economic integration and technological innovation, this policy extends beyond the mere increase of industrial production to encompass the objectives of ensuring interregional economic equality and supporting sustainable development. The successful implementation of industrialization policy facilitates the optimal allocation of resources, modernization of infrastructure, enhancement of innovation potential, and qualitative improvement of human capital. This study comparatively analyses national development strategies and international experience to identify the mechanisms through which industrialization policy impacts economic equality and competitiveness. The analysis reveals that a purposeful and systematic industrialization policy reduces interregional economic disparities, strengthens local production and export potential, and enhances national competitiveness. The study further examines the role of the state in creating a competitive environment, the formation of national innovation systems, and the importance of public–private partnerships in technology development. The continuous and inclusive implementation of industrialization policy is identified as a necessary condition for the balanced development of regional economies and the consolidation of national competitive positions in the global market.
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