Regions Matter
Economic Recovery, Innovation and Sustainable Growth
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Why do some regions grow faster than others, and in ways that do not always conform to economic theory? This is a central issue in today’s economic climate, when policy makers are looking for ways to stimulate new and sustainable growth. OECD work suggests that there is no one-size-fits-all answer to regional growth policy. Rather, regions grow in very varied ways and the simple concentration of resources in a place is not sufficient for long-term growth. This report draws on OECD analysis of regional data (including where growth happens, country-by-country), policy reviews and case studies. It argues that it is how investments are made, regional assets used and synergies exploited that can make the difference. Public investment should prioritise longer-term impacts on productivity growth and combine measures in an integrated way. This suggests an important role for regional policies in shaping growth and economic recovery policies, but also challenges policy makers to implement policy reforms.
Also available in: French
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United Kingdom
The United Kingdom displays the third highest concentration of economic activity among TL3 regions within OECD countries according to the index of geographic concentration. The TL2 region of London alone produces almost one-fifth of United Kingdom’s GDP.
Also available in: French
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Click to download PDF - 330.34KBPDF