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Productivity and Jobs in a Globalised World

(How) Can All Regions Benefit?

image of Productivity and Jobs in a Globalised World

This report looks at how regional policies can support productivity growth and jobs. While there has been a remarkable decline in inequality in OECD countries, inequality among regions within certain countries has increased over the same time period. Regions that narrowed productivity gaps tended to benefit from economically vibrant tradable sectors and integration with well-functioning cities. This report considers in detail the role of the tradable sector as a driver of productivity growth and its relationship with employment. It addresses the possible risks of a growing tradable sector and how diversification is central to strengthening regional economic resilience. It considers how regions integrate global value chains and highlights the role of regional and policy links in fostering productivity growth and job creation. It asks what policies can help better anticipate or cushion shocks from trade in specific regions and, more generally, what strategies and framework conditions are conducive for regional productivity and employment growth.

English

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Foreword

In recent years, the economic and social costs of persistent disparities in economic performance across regions have become apparent. National economic growth is limited by the lagging productivity growth in some regions. Within affected regions, persistently high unemployment and stagnating or declining wages create economic hardship and diminish people’s confidence in a better future. As a consequence, there are populations in many OECD countries are increasingly discontent with the status quo and, not surprisingly, there is a geographic pattern to much of this discontent.

English

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