Resource Endowment and Regional Economic Development Path Selection: an Analysis Based on Geoeconomics

Yuqi Liu

doi:10.54097/d4qv7q14

Authors

Yuqi Liu

DOI:

https://doi.org/10.54097/d4qv7q14

Keywords:

Resource endowment, regional economy, geographical economics, path choice.

Abstract

The present study, adopting the perspective of geographical economics, delves into the underlying mechanisms and nuanced disparities by which resource endowments affect the selection of regional economic development trajectories. The research is centered around three pivotal categories of endowment: natural resources, human capital, and technological assets, examining their roles in supporting regional economic endeavors, their influence on industrial configuration, and their capacity to catalyze innovation. Furthermore, the article conducts a comparative analysis of the divergent economic development pathways, as well as the associated challenges, between resource-dependent regions and those that prioritize resource conservation and environmental sustainability. Regions reliant on natural resources are confronted with issues such as resource depletion, environmental degradation, and an over-reliance on a singular industrial sector; conversely, regions that advocate for conservation and environmental friendliness offer valuable insights for sustainable economic progress through the cultivation of circular economies, green industries, and ecological economic models. In conclusion, the study posits that regional economic development strategies should emphasize the judicious allocation and optimal utilization of resource endowments, while simultaneously seeking sustainable trajectories tailored to their unique characteristics, in synergy with market demands, technological advancements, and the institutional framework. This scholarly inquiry provides a theoretical foundation and practical guidance for the formulation and implementation of regional economic policies.

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