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Andrew Johnston and Robert Huggins

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Andrew Johnston and Robert Huggins

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Mustafa Dinc

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Yasuyuki Motoyama

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Yasuyuki Motoyama

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Edited by John R. Bryson, Lauren Andres and Rachel Mulhall

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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.

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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.

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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.

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Veiko Sepp

This chapter explores the impact of the 2008_09 economic crisis on the Uusimaa region of Finland. It finds that whilst the region’s economy fared slightly better than Finland as a whole, the economic effects were significant, and it has undoubtedly struggled to recover. The crisis exposed the region’s high dependence upon Nokia which was advantageous when the company was leading the mobile phone market but a hindrance when its competitiveness declined. The higher proportion of public sector employment in Uusimaa provided some ballast in the face of this decline but not enough to prevent considerable output and employment decline. Whilst the strong welfare support system and long-term collective wage agreements have helped soften the impact of the crisis on incomes and wages by helping maintain domestic demand, they carry the risk of limiting the adaptability of businesses and workers in relation to structural change.