| Sumit Vimal Research Scholar Department of Geography Devi Ahilya Vishwavidyalaya Indore (Madhya Pradesh) India |
Abstract
Regional development has become a central focus of policy and research due to its potential to drive both economic growth and social equity. However, the pursuit of economic growth often leads to increased inequalities, while efforts to promote social equity can sometimes hinder economic progress. This paper examines the contemporary challenges in regional development by exploring the tension between economic growth and social equity. It discusses the definitions and significance of both concepts, analyzing their interplay within the context of regional development. By reviewing historical and current examples, the paper highlights the complex relationship between growth and equity and identifies policy approaches that aim to balance these objectives. The role of globalization, technological change, climate change, and urbanization in shaping regional development outcomes is also considered. Finally, the paper suggests pathways toward more sustainable and inclusive regional development, advocating for strategies that integrate both economic and social goals to ensure equitable outcomes for all regions.