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Regional, rural and urban development

Regions and globalisation

 

Rethinking attractiveness - from crisis to resilience

 

What's the issue?

The COVID-19 pandemic triggered the most severe economic recession in nearly a century. Regions are facing a new situation which prompts them to rethink their participation in globalisation, as well as their attractiveness. Numerous indicators reveal not only the severity of this crisis, but also the economic interdependence that has developed between regions in different countries.

To respond to the crisis and overcome structural challenges, regions must rethink their attractiveness  and moblise their strengths through a better understanding of their international profiles and by identifying international targets, investors, talents and visitors, as well as local actors,  businesses and residents.

 

What can the OECD offer?

The OECD has designed a methodological framework, bringing together four categories of international connections, in order to assess the internationalisation of regions, thus going beyond the criteria of economic exchanges alone:

  • Infrastructure connections, or the physical connections that a region offers to its potential international partners: roads, airports, ports, rails, broadband internet and logistics
  • Human connections consist of foreigners who travel to or settle in a territory, in particular tourists and migrants
  • Knowledge connections refer to different dimensions of innovation (foreign researchers, international patent collaborations, etc.) and cultural links
  • Business connections, or commercial and financial exchanges, consisting of imports, exports and foreign direct investments.

More about the project

To respond to the crisis regions must rethink their attractiveness through a better understanding of their international profiles and identifying international targets, investors, talents and visitors, as well as local actors,  businesses and residents. By Q3 2021 the project will bring together 25 regions around the world. 

 

Contact

If you are interested in becoming a partner region please contact Claire.CHARBIT@oecd.org.

 

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