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Preferred term

regional economic geography  

Definition

  • Regional economic development (RED) refers to changes in the economic structure of a region that increase the range and value of economic activity conducted within it. The geographic scale generally refers to areas circumscribed by the regular home and work locations of most people. [Source: Encyclopedia of Geography; Regional Economic Development]

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https://concepts.sagepub.com/social-science/concept/regional_economic_geography

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