Reassessing economic development policies for regions and cities: Growth and Equity;Institutions and Governance; People and Places
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Summary of the academic conference held at the London School of Economics on 21-22 April 2016.
The economic crisis has forced policy-makers to rethink the role of economic development policies in promoting growth and jobs. National and local budgets have been tightened, while concerns about inter-place and inter-personal inequalities have been rising. Many traditional ways of stimulating economic development are considered as under-performing.
In the European Union, Cohesion Policy is the main instrument for promoting economic development and structural change. As work on the preparation for post-2020 Cohesion Policy will start soon, it is important to reflect how the policy can better respond to the imperatives of European integration in the post-crisis world.
This conference brought together academics and policy-makers from Europe and North America for a dialogue and comparison of the state-of-the-art of urban and regional economic development theory, evidence and policy.
The focus was on three sets of questions. First, how should policy-makers understand the relationship between growth, equity and geography today? Second, what is the role of institutions and economic governance as preconditions for successful economic development? Third, what are the cutting-edge practices and instruments of economic development policy?