THE POWER OF PEOPLE, PLACES & FIRMS
Reading Time: 4 minutesThe social economy is rarely part of conversations about competitiveness or economic resilience, yet it should be. Social economy organisations create jobs, deliver essential services and strengthen local economies across countries. But what does it take to build an environment that allows them to contribute fully?
Reading Time: 3 minutesSmart city has become shorthand for digital ambition, but it still tends to conjure images of large cities, costly infrastructure and tech-led programmes that feel remote from everyday life. Sunderland’s experience points to a different approach. But what makes it different?
Reading Time: 4 minutesAfter years in economic exile, industrial policies are back in a big way. Industrial policy interventions increased 20-fold in the past decade, as governments seek to rebuild competitiveness, support emerging technologies and shore up supply chains. This is true in OECD countries, but also in developing countries which use it more intensively. Many of these are adopting a place-based approach: between 2019-22, regional industrial policy support rose by over 50% as a share of GDP in 11 OECD countries. But why?
Reading Time: 4 minutesSince the global financial crisis, business investment has struggled to recover, with real investment still 23% below its pre-2008 trend. The world isn’t short of good ideas or businesses, nor of finance. Yet the actual investment needed to fuel growth, jobs and the twin transitions continues to fall short. Can smarter policies on SME financing reignite investment and lead our economies to their best selves?
Reading Time: 4 minutesItaly’s tourism sector is undergoing a quiet revolution. From AI-powered hospitality to immersive virtual experiences, small businesses are embracing digital tools to enhance authenticity, boost resilience, and connect more meaningfully with travellers.
Reading Time: 3 minutesSMEs and entrepreneurs are at an important crossroads. Recent challenges like pandemic shutdowns, high inflation, and rising interest rates persist, keeping financing conditions tight. As uncertainty grows, businesses and governments must choose: halt investments at the risk of innovation and competitiveness or find new ways to access capital.
Reading Time: 5 minutesSpecial Economic Zones (SEZs) have evolved beyond tax incentives to boost regional growth, focusing on infrastructure, digital connectivity, and talent. From Ireland’s Shannon Free Zone to China’s industrial hubs, their success hinges on strong governance and a place-sensitive approach. The challenge now is ensuring SEZs drive inclusive regional development.
Reading Time: 4 minutesHigh inflation has driven SME interest rates up by 30% in 2022, making alternative finance like venture capital crucial for growth. Governments are working to develop VC markets.