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Planning for Growth: Innovation

There is a clear message that comes from the modern literature about competitiveness. In a knowledge economy, competitiveness is closely tied to innovation. However, innovation is not a linear process from men in white coats in laboratories through to a commercially successful product. Indeed many innovations that are brought to the market come from companies that do not have an R and D function. Rather innovation comes from multiple feedbacks, absorbing messages from customers, sharing tacit knowledge, a willingness to experiment. Thus regions can be important catalysts for innovation. How do we build these insights into plans for growth? Continue reading

How will Europe’s regions respond to migration?

I am one of Europe’s growing cohort of old age pensioners. In 31 European countries, even if life expectancy does not improve, the population aged 65+ would increase by 40 per cent to 2050. If life expectancy continues to grow, the number of persons aged 65+ will leap by between 87 and 111 per cent. However, with out-migration and low birth rates, many of Europe’s regions face the prospect of a population that is both ageing and reducing in numbers. Unless things change, 60% of European regions will experience population decline up to 2050. Demography is a key factor in the development and planning of cities and region: what are Europe’s prospects and what are the implications? Continue reading