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Why regional development matters for Europe's economic future

Iammarino, Simona ORCID: 0000-0001-9450-1700, Rodríguez-Pose, Andrés ORCID: 0000-0002-8041-0856 and Storper, Michael ORCID: 0000-0002-8354-792X (2017) Why regional development matters for Europe's economic future. Regional and Urban Policy, Gilland, Moray (ed.) (WP 07/2017). Directorate-General for Regional and Urban Policy, European Commission, Luxembourg.

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Regional economic divergence has become a threat to economic progress, social cohesion and political stability in Europe. Market processes and policies that are supposed to spread prosperity and opportunity are no longer sufficiently effective. The evidence points to the existence of several different economic clubs of regions in Europe, each with different development challenges and opportunities. Both mainstream and heterodox theories have gaps in their ability to explain the existence of these different clubs and the weakness of the convergence processes among them. Therefore, a different approach is required, one that would strengthen Europe’s strongest regions but would develop new approaches to the weaker clubs. There is ample new theory and evidence to support such an approach, which we have labelled “place-sensitive distributed development policy” (PSDDP).

Item Type: Monograph (Working Paper)
Official URL:
Additional Information: © 2017 European Union
Divisions: Geography & Environment
Subjects: H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
Date Deposited: 25 May 2018 09:23
Last Modified: 15 Sep 2023 23:43

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