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OECD Regional Outlook 2011

Building Resilient Regions for Stronger Economies

image of OECD Regional Outlook 2011

The OECD Regional Outlook 2011 provides an overview of the main developments in performance among OECD regions and the challenges for regional policy after the crisis. The first two chapters present fresh analysis of regional growth and labour-market trends, exploring their implications for policy. This is followed by three chapters offering focused analyses of key policy issues. The first, and most immediate, concerns the state of sub-national government finances in the wake of the crisis and its implications for managing public investment, in particular, during a period of austerity. The next two chapters are concerned with the potential contribution of regions and regional policies to addressing the longer-term challenges of innovation and green growth. Part 3 of the Outlook presents a "policy forum", a wide-ranging debate on the role of regional policy today involving experts and officials from within and outside the OECD. Finally, the Outlook includes individual country pages providing detailed quantitative and qualitative information on regional performance, institutions and policy settings in OECD members.

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Alternative Approaches to Development Policy

Intersections and Divergences

This chapter concludes the OECD Regional Outlook Policy Forum with an examination of the intersections and divergences between alternative approaches to regional development, paying particular attention to their underlying assumptions about markets and other institutions. The chapter then relates this analysis to the emergence of the OECD’s “New Regional Paradigm”, as well as to recent developments in regional policy in the European Union, the United States and elsewhere.

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