This product may not be available anymore.
for similar products.
CAIRO BOOKS's Description
Regional economic development is an interest of policymakers throughout the
Europe and Central Asia (ECA) region. On eo fits principal aims is to reduce
poverty in lagging regions by stimulating local economic growth. However,
problems exist with this approach. First, it may miss the target. Although
geographical concentrations of poverty exist, poor people also live in regions
that are - on average - rich. Second, the sourves of the problem may be
misdiagnosed. Poverty is not only related to where people are, but to who
people are. In ECA, poverty is associated with low levels of education and
people who are too young or too old to participate in the labor force. Under
these circumstances, efforts to bring higher wage employment opportunities to
poor regions may have little immediate benefit for the people who live there.
Third, relying on regional economic development to address poverty in lagging
regions ignores the potential role of migration. The emigration of labor,
rather than the immigration of capital, may be a more effective means of
reducing the poverty of individuals in lagging regions, though this is unlikely
to eliminate pockets of poverty quickly. Development opportunities may exist in
poor regions that markets have overlooked. Interventions must be assessed
carefully. Some of the traditional instruments used to stimulate regional
economic growth have mixed track records. Comprehensive custom-tailored
approaches appear to be a promising alternative. However, governments should be
modest in using regional development as a tool of poverty reduction. Policies
aimed at stimulating growth in poor regions should be complemented by more
direct anti-poverty measures, including targeted transfers and investments in
education, and efforts to remove barriers to emigration.