THE POWER OF PEOPLE, PLACES & FIRMS
Reading Time: 3 minutesIn OECD countries, around 1 in 8 young people fall between the two and become “NEETs” – those neither working, studying, nor receiving training. In Latin America, it is 1 in 4 young people. But NEETs are not just a problem. They represent an opportunity – a vast pool of talent, full of skills and enthusiasm. With the right support, they can become a powerful and positive force for change.
Reading Time: 4 minutesThe pandemic has led to a surge in co-working spaces, offering flexible work options for professionals. These spaces can promote inclusivity by supporting diverse workers and creating local economic growth.
Reading Time: 3 minutesThe surge in remote working following the onset of the pandemic has the potential to transform the geography of cities, their economies, and their public finances. Three years on, how are cities faring?
Reading Time: 4 minutesThe rise of remote work could still entice people to move out of big cities. But as a general trend, the price of housing in and around cities has continued to rise since 2020. What should policy makers do?
Reading Time: 4 minutesMany countries are struggling to overcome gaps of all shapes and sizes between places. North versus south, east versus west, and urban versus rural divides are all too common. This has produced unequal opportunities and a deep-seated geography of discontent in places that lag behind.
Reading Time: 4 minutesTwo years after the onset of COVID-19, the future of work remains a topic of lively, even heated, debate. Early in the pandemic, some were quick to announce the demise of the centre-city office. The apparent success of remote work, they said, would lead to a revival of the suburbs, exurbs, and rural areas, with “work hubs” popping up as needed.
Reading Time: 4 minutesMass adoption of remote working has reduced the value of living close to city centers along with demand for office space. A sharp adjustment in property prices is likely, presenting cities with significant fiscal risks. In response, mayors will need to rethink the role of city centers and actively work to shore up revenues.
Reading Time: 3 minutesThe rise of remote working during the COVID-19 crisis significantly reduced activity in cities’ business districts, renewing policy makers’ interest in turning underused office buildings into much needed residential housing in cities. This creates a unique window of opportunity to shape more sustainable and inclusive urban development.