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Words: | Submitted: Thu Jul 11 2002
... Kingdom, Wales, the Midlands, the North of England and Scotland have been given support and backing from regional development programmes). Key players of respective nations (e.g. entrepreneurs, members of parliament, etc), as well as regional councils and international governments and committees can implement regional policies. Powerful trans-national corporations also aid regional development by locating branch-plants and departmental offices in regions such as Silicon Glen, Scotland. This widens the local employment base, improves public confidence and morale, and with training programmes, worker's skills improve. These all contribute to the positive effects of cumulative causation, with successful projects bringing new or rejuvenated prosperity to the area. On an international scale, in the European Union there are two main regionally based funds - the European Regional Development Fund (ERDF) and the European Social Fund (ESF). The ERDF attempts to reduce regional disparities within its member states by providing relevant assistance to regions ...
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