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Edited by John R. Bryson, Lauren Andres and Rachel Mulhall
Gillian Bristow and Adrian Healy
The purpose of this concluding chapter is to draw together the key themes from the rich comparative analysis reported in this book, and to consider the wider implications for policy efforts to develop regional economic resilience. It highlights that a number of factors are positively associated with more resilient regions. These include more diverse, export-oriented economies with the presence of international companies. The experience of the crisis highlights the resilience risks of dependency on particular firms, sectors, markets and public-sector transfers. It also emphasises the dangers of making simplistic assumptions about the importance of particular factors to resilience outcomes. The different experiences of the crisis from the different European regions reported in this volume clearly highlight the important mediating role that is played by place-based characteristics.
Uku Varblane and Urmas Varblane
This chapter explores the effect of the 2008_09 crisis on the region of North Estonia. The region was hit very hard owing to its high openness and dependence upon foreign trade. However, a swift and decisive national policy response helped foster very rapid recovery, with a radical reduction of public expenditures and accelerated utilisation of EU funds particularly important factors.
Iwona Sagan and Grzegorz Masik
This chapter provides a case study of the Pomorskie region of Poland which exhibited strong resilience to the 2008_09 crisis. The chapter explores the reasons for the region’s economic resilience. The analysis highlights the importance of the relative resilience of the Polish economy as a whole, as well as the diversified economic structure of the Pomorskie region. The analysis also highlights the adaptability associated with the region’s flexible labour force and open society and economy.