Developing the Marginalized Regions
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Developing the Marginalized Regions
The policy makers are the kind of individuals who typically have the power to set the policy structure of a particular organization. Therefore, it is primarily essential for organizations to come up with some policies. An organization which lacks strategies tends to be an organization without control. Therefore, if there existed no formal documented policies in an organization, then the workforce at all the levels will lack proper guidance on how to generate some crucial decisions (Delmon, 2017). Most of the organizations are affected by various aspects of globalization which usually results in low development rate in these organizations.
The relevant policies ought to be implemented to revive the utilized economic potential. For instance, systems that lead to the formation of better infrastructure and technological advancement are necessary for recuperating the closed coal factories in the valley of Susquehanna. Moreover, the administration should enact work policies that cater for employment of casual workers in the marginalized regions. Such systems will standardize gaps between the rich world’s economies and the marginalized areas by inhibiting the pulling away of the prosperous cities from the disadvantaged, marginalized regions. Implementation of this work policy will solve the productive growth challenge affecting the American Metropolitan areas such as Scranton city.
The market policies when implemented are vital in promoting the growth of the marginalized regions. These regions should entail policies that guide on the location of different industries to avoid future failures due to lack of essential resources. In regards, manufacturing industries do well when they are close together (Intriligator, 2017). For the reason that a collection of these industries attracts workers thus new ideas are laid and distributed. In addition to, in New York Financial business succeed due to access to a lot of banks.
The market policies should trigger integrated market strategies to allow production of products at high efficient balance and also global output. Inclusive of the job transfer welfare policy will enable investment in the marginalized areas. It results from the freedom of workers acquiring transfers at their will, some of these skilled workers may opt to move to these regions to invest.
The use of education policy in the demoted regions will offer aid in the recovery of their capabilities. For example, the BMW industry was an outcome from Clemson University and the native colleges which developed it as a training programme in the automotive section. Thus the introduction of education policy in the marginalized region will enhance flow and implementation of new developments to boost their economic growth rate. Lastly, the application of city policies that reduce regional inequality enhances technological diffusion. Besides, it raises competitive pressures in the national level and also, discourage segregation of towns into fragments of politics and business. Therefore, strategizing on the above policies will encourage the growth of the marginalized regions.
References
Delmon, J. (2017). Public-private partnership projects in infrastructure: an essential guide for policy makers. Cambridge University Press.
Intriligator, M. (2017). Globalisation of the World Economy: Potential Benefits and Costs and a Net Assessment. In Economics of Globalisation (pp. 85-94). Routledge.
