A few topical dilemmas related to regional development

Csiszárik-Kocsir, Ágnes

Keywords: local authority administration, economic environment, regional development resources, named and earm

Hungary’s accession to the EU and the strong competitive requirement dictated by globalisation makes regional development increasingly important for all countries worldwide. It is worth approaching this from the side of local authorities. Based on analysis of the data, it can be determined that in addition to state subsidies, the majority of local authorities are forced to rely on their own resources to offer beneficial, attractive opportunities for potential inward investment capital. The relevant tools are local taxes and EU sources, the amount of which in current and future budgetary periods presents a positive picture. Development materialises in the functioning of the regions, which are capable of coordinating a larger area’s development to the extent that it meets the requirements of inward capital investment and the EU.

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