Place-based Development in International Economic Networks
- New Horizons in Regional Science series
Chapter 8: Conclusion: one size fits only one in place-based regional policy
Important and large regions are increasingly considered to be one of the main contributors to the economic growth of nations (World Bank, 2009). This ‘triumph of the city’ (Glaeser, 2011) induces a discussion on regional economic development strategies in an attempt to create strong regions and stimulate development in lagging regions. The resulting place-based policies (Barca, 2009) evolved in the European context directly from the Lisbon Agenda in 2000, and accumulated into the current (smart, sustainable and inclusive) growth objectives of the Europe 2020 policy programme that are central in the envisioned cohesion policy reform after 2013. The policies take the form of a smart specialization development perspective based on a systems way of thinking about innovation and growth given the region’s place in a complex regional system and local institutions (McCann and Ortega-Argilés, 2011).
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