Abstract
The main goal of the research presented in this paper is to point to the benefits of a balanced regional development, as well as the mechanism of its implementation, based on the analysis of the current situation relating to the regional development of the Republic of Serbia, which is characterised by the greatest regional disparities in Europe, that even show the tendency of further deepening. The importance of a consistent and comprehensive development strategy of the country that would include reindustrialisation and full employment policy as a means of initiating dynamic economic growth and achieving sustainable development of the national economy and its regions is emphasised. This position is justified, primarily, due to the fact that, despite its crucial importance, regional development has never been understood as an integral part of the overall socio-economic development, therefore, this issue, owning to a lack of institutional and systemic approach is constantly being marginalised. In the analysis of the key aspects of a balanced regional development in Serbia, based on the study of different theoretical views and practical experiences regarding this important social and economic development issue, the method of the analytical description was primarily used.