Regional%20Development%20and%20Governance%20Symposium%20Ankara%20September%202006%20%20REGIONAL%20DEVELOPMENT%20AGENCIES:%20TOOLS%20TO%20STIMULATE%20ECONOMIC%20DEVELOPMENT - PowerPoint PPT Presentation

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Regional%20Development%20and%20Governance%20Symposium%20Ankara%20September%202006%20%20REGIONAL%20DEVELOPMENT%20AGENCIES:%20TOOLS%20TO%20STIMULATE%20ECONOMIC%20DEVELOPMENT

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Regional Development and Governance Symposium. Ankara ... Strengths of Markets and Limitations of Public Policy ... Priority of Demonstrably Adding Value ... – PowerPoint PPT presentation

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Title: Regional%20Development%20and%20Governance%20Symposium%20Ankara%20September%202006%20%20REGIONAL%20DEVELOPMENT%20AGENCIES:%20TOOLS%20TO%20STIMULATE%20ECONOMIC%20DEVELOPMENT


1
Regional Development and Governance Symposium
Ankara September 2006REGIONAL DEVELOPMENT
AGENCIESTOOLS TO STIMULATE ECONOMIC
DEVELOPMENT
  • David WalburnEurada Past President

2
Issues in Regional Economic Development
  • Concepts of Market Failure
  • Strengths of Markets and Limitations of Public
    Policy Interventions
  • Interventions with the Grain of the Market
    Incentives
  • Long Term Strategic Commitment
  • Importance of Leadership and Multi-Sector
    Partnerships
  • Economic Growth VS Regional Development
  • Parallel Agendas of Growth and Social Cohesion

3
RDAs Problems of Definition
  • Wholly Funded Government Organisations
  • Public/Private Partnerships
  • General Function or Specific Function
  • Eg
  • UK 9 Large Regional Agencies National
    Programme
  • - London Development Agency 400 staff, annual
    budget 400 Million
  • - Plus local authorities, small business
    service, enterprise agencies, skills agencies
  • US City Based Agencies Tax Base Driver
  • - federal, state, city programmes
  • - private sector leverage

4
Regional Development Agency Functions
  • Regional Strategy Political and Business
    Stakeholder Buy In Identification of Market
    Failure and Action Priorities
  • Devise and Implement Programmes to Fulfil
    Strategy
  • Research and Intelligence on Regional Economy
  • Centre of Expertise for Good Practice
  • Leadership of Development Agenda
  • Relationship with National Programmes and
    Strategies

5
Regional Development Agencies Good Practice
Features
  • Partnership Working With All Sectors Vital to
    Local Economic Development both on Strategy and
    Delivery
  • Achieving Leverage of Resources From Other
    Sectors
  • Seeking Commercially-Based Solutions and
    Operating More Like a Business Than a Government
    Bureaucracy
  • Market Failures to Market Solutions
  • Maintaining a Regime of Work Evaluation

6
Regional Development Agencies
  • Tools or Wielders of Tools?

7
Areas of Market Failure
  • Small Business Development
  • Labour Market Issues Skills and Training
  • Inward Investment Regional Promotion
  • Real Estate and Physical Infrastructure
  • Common to all Types of Economies and Regions.

8
Avoiding Pitfalls
  • Priority of Demonstrably Adding Value to the
    Region
  • High Proportion of Resources Into Programme
    Delivery
  • Only embark on Programmes which are Researched
    and Fit For Purpose Avoid Something Must be
    Done Programmes
  • Flexibility of Action in the Light of Experience
    But Consistency to Achieve Long Term Objectives

9
davidwalburn_at_london.com
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