Abstract
M.Com. (Business Management)
The deteriorating economic and socio-economic conditions in the RSA, in recent
years, necessitated an adjustment to the approach to development. Consequently the
emphasis moved away from national development planning to the current approach
of regional development planning. This new approach should be of a comprehensive
nature and founded on a multi-sectoral basis.
Regional development is a complex and dynamic process which comprises a multitude
of interactive subprocesses that function within the area concerned. In turn, each
sub process comprises various dynamic variables. These variables not only stand in
an interdependent relationship to each other but they may also influence or be
influenced by other subsystems or variables forming part of such subsystems.
The objective of the study was to:
formulate a performance measuring technique that will accommodate the individual
influence of certain economic variables in an integrated manner.
to evaluate regional economical development with the formulated performance
measuring technique.