Regional development is defined as a long–term process of improving sustainable economic and social development of certain areas, which is achieved through recognition, promotion and management of development potential of certain areas. Regional development policy is a set of objectives, priorities and measures aimed at achieving economic growth and sustainable development, reducing regional disparities within the country in order to achieve balanced sustainable economic development. In Montenegro, there are significant differences in the degree of development of three regions: Southern, Middle (Central) and the North, as well as the development gaps within the region.
Dragan Lajovic. "Regional Development In Montenegro – Entrepreneurial Aspect." Montenegrin Journal of Economics. vol. 6, no. 12, 2010, p. 107-112
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