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Job Creation and Local Economic Development

image of Job Creation and Local Economic Development

This publication highlights new evidence on policies to support job creation, bringing together the latest research on labour market, entrepreneurship and local economic development policy to help governments support job creation in the recovery. It  also includes  a set of country pages featuring, among other things, new data on skills supply and demand at the level of smaller OECD regions (TL3).

This publication is the first in a series to take this integrative approach, and it is designed to be user friendly and accessible to all government officials, academics, practitioners and civil society with an interest in local economic development and job creation.

English

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New growth and investment strategies – creating jobs and opportunity

This chapter explores the challenges that local economies are confronting in the pursuit of viable economic growth and job creation in the aftermath of the global financial crisis and the protracted economic slowdown. It identifies how local economies are re-engineering themselves towards increased productivity and growth within this new global economic paradigm, increasing trade with emerging markets, and better defining the economic niches in which they are most productive. The evidence shows that local economies matter a great deal to nations, acting as cylinders to national growth engines, and offering opportunities for economic diversification and re-balancing. The chapter outlines best practice strategies for growth and investment, and highlights the role that strong and decisive local leaders can play in developing longer term economic visions, implementing policy innovations, and integrating investments across diverse areas such as transport, skills, land, arts, sciences and services.

English

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