Regional Development
The differences in the level of development in the world regions emanates from the regional disparities in the individual country economies. This result in regional inequality within that country; therefore, regional inequality with respect to a country is the eminent disparity between the living standards that apply in that country. It is a hard task to quantify the level of development, prosperity or poverty in a country or region. However, some indicators show the level of development. Across the world, every nation has a challenge in achieving regional development equality, the difference coming in through the degrees of underdevelopment. The most affected nations by the inequality balance rank are the developing third world nations, Nigeria being among them. Nigeria has a rich endowment of natural resources, minerals and able population. However, the country faces a challenge in establishing itself as an economic superpower in Africa and the world at large.
The regional inequality
The basic indicators of regional inequality that influence the development process of a country are quite several. These indicators of underdevelopment include the rate and level of unemployment in the nation. High level of unemployment is an indicator that the country suffers a disparity in the level of development. A country with large unemployment rates indicates that the country has challenges, as the working population cannot produce enough to sustain the large unemployed economy of the regions, hence underdevelopment. An additional indicator is the per capita income in the country and the regions themselves. An analysis of the rates of the per capita income levels in the regions gives a preview of the countries and the region's income generation. This indicates the level of development of the nation or region in the current situation and thus rates the levels of inequality in the country. The unemployment levels and the per capita income are the basic indicators of the level of regional inequality in that country. Most nations use these two as the only measures of indicating the development levels and the differences in equality balance within the integrations in the country.
Other indicators of the disparity in the country include the industries analysis. There are various industries, which a region earns most of its income. Therefore, these form the basis of the economic development in that region. The industry and the rate of development or decline of the industry determine the disparity between the various regions. A region with strong industry, with a steady growing rate will have a stronger economic development thus a higher development level as compared to that with declining industries. Additionally, the level of social development within the regions indicates the disparity within that country. Social aspect of development incorporates factors such as housing, education, quality of the environment and the state of security in the region. The level of education of the people in the region indicates the numbers of the working class with a sustainable source of income. In regions with less development in terms of educational facilities, the country is likely to suffer underdevelopment and poor economy. Similarly, the quality of the housing in the region is an indicator of the status of the people living in that area. An area with high quality housing facilities indicates the high level of development in that region. Consequently, the place with poor housing facilities, such as the shanties and the slums indicates the less working population; hence, the low level of development in that region. The region suffers from large disparity if the gap of the level of housing quality is wide between the regions in comparison. For people to work accordingly, the environment needs to be conducive. Therefore, the quality of the environment is also a pointer of the stage of growth of the region. For instance, a region that has a dry environment means that there is limitation in the industry it can employ. The region cannot have farming...
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