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Globalisation and Regional Economies

Can OECD Regions Compete in Global Industries?

image of Globalisation and Regional Economies

Despite concern about the negative impacts of globalisation on the economies of OECD regions, notably the loss of manufacturing jobs and enterprise relocation, this report presents evidence that region-specific advantages – embedded in specialised firms, skilled labour and innovation capacity – remain a significant source of productivity gain for firms, even for the largest multinational enterprises.  A new geography of production is emerging, based around both old and new regional hubs in OECD and non-OECD countries. National and regional governments in OECD countries are looking for ways to ensure that regions maintain a competitive edge in industries that generate wealth and jobs. This report looks at how different regions are responding to these challenges and the strategies they have adopted to support existing competitive advantages and to transform their assets to develop new competitive strengths.

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How Regions Compete: Building on Strengths and Identifying Opportunities

Given the changes in regional economies due to globalisation, the reorganisation of production and the nature of innovation, how should regions respond? Regions, not nations, appear increasingly as the nodes in global networks. Regions are also the scale at which meaningful interaction among firms, people and knowledge generators leads to innovation. This chapter discusses the opportunities that the reorganisation of production seems to offer and presents some examples of how regions have worked to seize these opportunities.

English

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