INTEGRATED REGIONAL INVESTMENT PRINCIPLE AND RELATION TO SUSTAINABLE DEVELOPMENT IN BI-CENTRIC HRADEC KRÁLOVÉ – PARDUBICE AGGLOMERATION

ABSTRACT

This paper handles the sustainable development tools used to support the development in bi centric Hradec Králové – Pardubice agglomeration. Because the agglomeration is unique in its type – a conurbation forming the agglomeration core – the adjustment of mutual relations in the cooperation towards sustainable development of the agglomeration is important. One of the tools is ITI strategy which is aimed to set up and deepen the cooperation of not only the core cities but also other municipalities situated in the agglomeration territory. The strategy enables to detect the primary and secondary objectives of the development and proposes the form of their financing from actually available sources. Referring to sustainability pillars the paper deals with economic sustainability pillar in relation to the strategy which provides an efficient tool for the agglomeration sustainability. In order to develop sustainable behaviour of society and ensure long-term prosperity it is necessary to create balance between the production and consumption volumes based on supply and demand. Theoretical essays offer ideas of long-term influence on supply and demand bearing on the behaviour of economic entities.

Keywords: sustainability, integrated investments, partner cooperation