Resource management and regional development: Pathways to sustainable growth

Resource management and regional development are intricately linked, as the effective utilization of natural, human, and financial resources plays a decisive role in shaping the socio-economic trajectory of regions. In the present global context, where disparities between regions remain pronounced, sustainable resource management has become a critical strategy for reducing inequalities and fostering inclusive growth. This study explores the relationship between resource management practices and regional development pathways, highlighting the importance of balancing economic expansion with environmental sustainability and social equity. It emphasizes how judicious allocation and utilization of resources can enhance infrastructure, improve livelihoods, and stimulate innovation, thereby contributing to long-term resilience. Additionally, the abstract underscores the challenges posed by uneven distribution of resources, environmental degradation, and governance inefficiencies that often obstruct balanced development. By analyzing sustainable growth models, the paper identifies strategies that integrate local resource potentials with broader policy frameworks, enabling regions to unlock their comparative advantages. The study concludes that resource management, when guided by principles of sustainability, participation, and equity, not only accelerates regional development but also ensures intergenerational justice. Thus, a holistic approach to resource planning, involving technological innovation, community participation, and effective policy interventions, is essential for addressing regional disparities and advancing sustainable growth.

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Publication Details

Journal
International Journal of Financial Management and Economics
Published
2025-01-01
DOI
https://doi.org/10.33545/26179210.2025.v8.i2.607
Primary Topic
Natural Resources and Economic Development
Type
article
Field-Weighted Citation Impact
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article

Resource management and regional development: Pathways to sustainable growth

Ranjeeta Kumari
International Journal of Financial Management and Economics
Natural Resources and Economic Development
article

Resource management and regional development: Pathways to sustainable growth

Ranjeeta Kumari
article en

Abstract

Resource management and regional development are intricately linked, as the effective utilization of natural, human, and financial resources plays a decisive role in shaping the socio-economic trajectory of regions. In the present global context, where disparities between regions remain pronounced, sustainable resource management has become a critical strategy for reducing inequalities and fostering inclusive growth. This study explores the relationship between resource management practices and regional development pathways, highlighting the importance of balancing economic expansion with environmental sustainability and social equity. It emphasizes how judicious allocation and utilization of resources can enhance infrastructure, improve livelihoods, and stimulate innovation, thereby contributing to long-term resilience. Additionally, the abstract underscores the challenges posed by uneven distribution of resources, environmental degradation, and governance inefficiencies that often obstruct balanced development. By analyzing sustainable growth models, the paper identifies strategies that integrate local resource potentials with broader policy frameworks, enabling regions to unlock their comparative advantages. The study concludes that resource management, when guided by principles of sustainability, participation, and equity, not only accelerates regional development but also ensures intergenerational justice. Thus, a holistic approach to resource planning, involving technological innovation, community participation, and effective policy interventions, is essential for addressing regional disparities and advancing sustainable growth.

International Journal of Financial Management and EconomicsVol. 8(2)
Openalex Percentile: Top 60%
Natural Resources and Economic Development
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