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The fourth edition of the OECD Regional Outlook:Leveraging Megatrends for Cities and Rural Areas, comes at a timely moment when regional disparities have become the focus of significant public attention. In underperforming regions, persistent gaps in socio‑economic outcomes have led to growing discontent with the political and economic status quo. The distinct geography of discontent that has emerged has provided a powerful reminder of the urgency to address regional inequalities.
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Since its foundation in 1999, the OECD Regional Development Policy Committee has made the case for place-based policies to help all regions use their full economic potential. Place-based policies are an indispensable complement to structural economic policies because structural economic policies do not consider specific regional factors adequately.
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