STRATEGY OF REGIONAL ECONOMIC DEVELOPMENT
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STRATEGY OF REGIONAL ECONOMIC DEVELOPMENT Rita Bagdzevičienė Strategy of regional economic development is aimed at balancing the development of Lithuania’s economy from regional aspects, seeking of even development of regional economy and their economic and social cohesion. The strategy was prepared in carrying out the evaluation of constituent parts of the long-term development strategy of Lithuania’s economy from regional aspect and proposing the most proper positioning of the measures foreseen for the national economic development and their application in the regions. The preamble gives a survey of legal acts regulating economic policy in national regions (Law on Regional Development, Law on Budget Structure, etc., strategic planning methods, etc.). The first chapter covers the analysed classical theories of economic development that are widely applied in foreign countries for identifying the role of national, regional and local authorities in the economic development of regions and in the system of measures implementing thereof. Theory of social developments stages, export-based theory and other experience of Western countries in developing economically weak, depressive regions are reviewed in the strategy: the main trends of regional development, methods and measures for regional economic development are revealed. The second chapter gives an evaluation of the economic state in the national regions: components of the regional economic development, a complex of criteria for evaluation of the regional situation are identified, reasons for the uneven development of regions are revealed. The third chapter surveys Lithuania’s regional policy: stages and characteristic features of regional policy formation. The fourth chapter provides a generalised SWOT table of factors for regional economic development, identifies the vision of the regional economic development, State mission and strategic goals of regional economic development. The final part of the strategy covers the plan for implementation of measures of strategy, focusing major attention to the assurance of favourable conditions for investments into the regional economy, physical and social infrastructure development in the regions, for optimisation of functions of State institutions responsible for implementation of regional policy.