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Discussion Paper Details

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Title: Regional inequality in Europe: evidence, theory and policy implications

Author(s): Simona Iammarino, Andrés Rodríguez-Pose and Michael Storper

Publication Date: April 2018

Keyword(s): economic divergence, European Union, inequality, place-sensitive development and regions

Programme Area(s): International Trade and Regional Economics

Abstract: 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 modes of regional economic performance in Europe, responding to different development challenges and opportunities. Both mainstream and heterodox theories have gaps in their ability to explain the existence of these different regional trajectories and the weakness of the convergence processes among them. Therefore, a different approach is required, one that strengthens Europe's strongest regions but develops new approaches to promote opportunity in industrial declining and less-developed regions. There is ample new theory and evidence to support such an approach, which we have labelled 'place-sensitive distributed development policy'.

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Bibliographic Reference

Iammarino, S, Rodríguez-Pose, A and Storper, M. 2018. 'Regional inequality in Europe: evidence, theory and policy implications'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=12841