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๐ง๐ต๐ฒ ๐๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐ฒ๐ฟ’๐ ๐ฉ๐ถ๐ฒ๐: ๐ฃ๐ผ๐น๐ถ๐๐ถ๐ฐ๐ฎ๐น ๐ฃ๐ฟ๐ผ๐ป๐ผ๐๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐๐ ๐๐ผ๐ป’๐ ๐ฆ๐ต๐ถ๐ณ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐
Political pronouncements don't shift markets unless they are backed by tangible co-investment, legislation, incentives, changes to tax codes and/or demand stimulus This is the first article in a regular weekly series, where I reflect on a common issue that I see a lot...
Free Executive Track Course in February: Poverty, Inclusion and Inequality
We've just made the Executive Track course module on poverty, inclusion and inequalities free on ourCPD site - which can be accessed by joining with the free membership ๐๐ญ๐ฅ๐ก๐ค๐ง๐๐ง tier at https://www.economicdevelopment.world/joinThis 1 h course includes a workbook to...
Best Practice Supporting Industries and Clusters
The book I'm launching next month - ๐๐ฉ๐ฆ ๐๐ฐ๐ค๐ข๐ญ ๐ข๐ฏ๐ฅ ๐๐ฆ๐จ๐ช๐ฐ๐ฏ๐ข๐ญ ๐๐ค๐ฐ๐ฏ๐ฐ๐ฎ๐ช๐ค ๐๐ฆ๐ท๐ฆ๐ญ๐ฐ๐ฑ๐ฎ๐ฆ๐ฏ๐ต ๐๐ข๐ฏ๐ฅ๐ฃ๐ฐ๐ฐ๐ฌ - is packed with practical advice and case studies. Here's a sample of what's in the book regarding industrial clusters...The UK has oscillated between active industrial strategy...
๐๐ป๐ฑ๐๐๐๐ฟ๐ถ๐ฎ๐น ๐ฐ๐น๐๐๐๐ฒ๐ฟ๐ ๐ฎ๐ฟ๐ฒ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ โ ๐ต๐ฒ๐ฟ๐ฒโ๐ ๐ฑ ๐๐ถ๐ฝ๐ ๐ณ๐ผ๐ฟ ๐๐๐ฐ๐ฐ๐ฒ๐๐๐ณ๐๐น ๐ฑ๐ฒ๐น๐ถ๐๐ฒ๐ฟ๐ ๐ฏ๐ ๐ฒ๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ ๐ฑ๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐ ๐๐ฒ๐ฎ๐บ๐
The evidence is clear: successful industrial clusters generate genuine competitive advantages. Firms in Oxfordshireโs Motorsport Valley are 6x more productive than isolated competitors. Research Triangle Park transformed North Carolina from textile dependence into a ยฃ17 billion innovation economy. Denmarkโs professionalised clusters consistently outperform regions without them. Yet cluster initiatives can sometimes fail to deliver. Why? [โฆ]
๐๐ผ๐ถ๐ป๐ด ๐ป๐ผ๐๐ต๐ถ๐ป๐ด ๐ฎ๐ฏ๐ผ๐๐ ๐๐ผ๐๐ฟ ๐น๐ผ๐ฐ๐ฎ๐น ๐ฒ๐ฐ๐ผ๐ป๐ผ๐บ๐ ๐บ๐ฒ๐ฎ๐ป๐ ๐๐ผ๐ ๐ฎ๐ฟ๐ฒ ๐ฐ๐ต๐ผ๐ผ๐๐ถ๐ป๐ด ๐ฒ๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ ๐ฑ๐ฒ๐ฐ๐น๐ถ๐ป๐ฒ
Local leaders often say they canโt afford to invest in economic development. ๐๐ถ๐ต ๐ฅ๐ฐ๐ช๐ฏ๐จ ๐ฏ๐ฐ๐ต๐ฉ๐ช๐ฏ๐จ ๐ช๐ด๐ฏโ๐ต ๐ฏ๐ฆ๐ถ๐ต๐ณ๐ข๐ญ โ ๐ช๐ตโ๐ด ๐ข๐ฏ ๐ข๐ค๐ต๐ช๐ท๐ฆ ๐ค๐ฉ๐ฐ๐ช๐ค๐ฆ ๐ธ๐ช๐ต๐ฉ ๐ค๐ฐ๐ฏ๐ด๐ฆ๐ฒ๐ถ๐ฆ๐ฏ๐ค๐ฆ๐ด. ๐๐ฎ๐ป๐ถ ๐ฅ๐ผ๐ฑ๐ฟ๐ถ๐ธโ๐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ผ๐ป ๐ถ๐ป๐ฑ๐๐๐๐ฟ๐ถ๐ฎ๐น ๐ฝ๐ผ๐น๐ถ๐ฐ๐ ๐ฟ๐ฒ๐๐ฒ๐ฎ๐น๐ ๐๐ผ๐บ๐ฒ๐๐ต๐ถ๐ป๐ด ๐๐ถ๐๐ฎ๐น: ๐ฒ๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ ๐ฑ๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐ ๐ถ๐ ๐ณ๐๐ป๐ฑ๐ฎ๐บ๐ฒ๐ป๐๐ฎ๐น๐น๐ ๐ฎ ๐ฑ๐ถ๐๐ฐ๐ผ๐๐ฒ๐ฟ๐ ๐ฝ๐ฟ๐ผ๐ฐ๐ฒ๐๐. ๐ฌ๐ผ๐ ๐น๐ฒ๐ฎ๐ฟ๐ป ๐๐ต๐ฎ๐ ๐๐ผ๐ฟ๐ธ๐ ๐ถ๐ป ๐ฌ๐ข๐จ๐ฅ ๐น๐ผ๐ฐ๐ฎ๐น๐ถ๐๐ ๐ฏ๐ ๐ฒ๐ ๐ฝ๐ฒ๐ฟ๐ถ๐บ๐ฒ๐ป๐๐ถ๐ป๐ด, ๐ด๐ฎ๐๐ต๐ฒ๐ฟ๐ถ๐ป๐ด ๐ฒ๐๐ถ๐ฑ๐ฒ๐ป๐ฐ๐ฒ, ๐ฎ๐ป๐ฑ ๐ฎ๐ฑ๐ฎ๐ฝ๐๐ถ๐ป๐ด. Consider what [โฆ]
๐๐ถ๐๐ฒ ๐ณ๐๐ป๐ฑ๐ฎ๐บ๐ฒ๐ป๐๐ฎ๐น๐ ๐๐ผ ๐ฟ๐ฒ๐บ๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐๐ต๐ฒ๐ป ๐๐ฟ๐ถ๐๐ถ๐ป๐ด ๐๐ผ๐๐ฟ ๐ป๐ฒ๐ ๐๐ผ๐ฐ๐ฎ๐น ๐ฆ๐ธ๐ถ๐น๐น๐ ๐๐บ๐ฝ๐ฟ๐ผ๐๐ฒ๐บ๐ฒ๐ป๐ ๐ฃ๐น๐ฎ๐ป
After reviewing dozens of local skills plans, I see the same fundamental misunderstandings repeated. Here's what actually matters: ๐ญ. ๐ฆ๐ฒ๐ฐ๐๐ผ๐ฟ๐ ๐ฎ๐ฟ๐ฒ ๐ป๐ผ๐ ๐๐ธ๐ถ๐น๐น๐ An aerospace manufacturer needs accountants, IT staff, administrators, and delivery drivers - not just...