<abstract xmlns="http://www.w3.org/1999/xhtml"><p>We are facing a transnational future. Globalization is getting more and more important in economic development, processes are becoming global, and the allocation of goods, capital and resources is carried out on the global market. In such transnational system, the role of large business centers of resource concentration is getting more significant and the ability of nations to balance the allocation of resources is getting poorer. Consequently, the micro-regions, counties and settlements need to face direct global challenges and the self-generated competition as well. Micro-regions, which are not able to adapt to the global resource market and competition, fall out of this allocation space and surely lag behind. Their future greatly depends on how they can represent their interests and how they can improve their positions.</p></abstract>

We are facing a transnational future. Globalization is getting more and more important in economic development, processes are becoming global, and the allocation of goods, capital and resources is carried out on the global market. In such transnational system, the role of large business centers of resource concentration is getting more significant and the ability of nations to balance the allocation of resources is getting poorer. Consequently, the micro-regions, counties and settlements need to face direct global challenges and the self-generated competition as well. Micro-regions, which are not able to adapt to the global resource market and competition, fall out of this allocation space and surely lag behind. Their future greatly depends on how they can represent their interests and how they can improve their positions.

New approaches to achieve sustainable regional development

Szent István University, Gödöllő, Hungary

Visegrad Journal on Bioeconomy and Sustainable Development

{"article-title":"New approaches to achieve sustainable regional development"}

We are facing a transnational future. Globalization is getting more and more important in economic development, processes are becoming global, and the...

New approaches to achieve sustainable regional development

Published Online: Dec 31, 2013

Page range: 50 - 52

DOI: https://doi.org/10.2478/vjbsd-2013-0009

This content is open access.