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Productivity and Jobs in a Globalised World

(How) Can All Regions Benefit?

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.

Published on April 26, 2018

TABLE OF CONTENTS

Foreword
Abbreviations and acronyms
Executive summary
The elusive quest for regional convergence?
Thinking global, developing local: Tradable sectors, cities and their role for catching up
Global trends and regional links: Jobs, clusters and global value chains
Macroeconomic frameworks and institutional factors for regional economic performance
Policy lessons: Productivity and growth in regions
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