...
Adam Smith wrote in The Wealth of Nations how
economic activity can cluster ... and the worrry has been that
the clustering may lead some regions to be left behind ...
[Paul
Seabright]
2. What does your Report come up with that's new?
[James
Morgan]
...
... Europe's clusters may be sufficiently dispersed across the continent to ensure that regions
don't need to be permanently left behind ...Europe's particular misfortune has been that we have not
got the benefits from the clustering ... but at the same time we have regions that have stagnated and
stagnation has meant not just low incomes, but persistent unemployment ... ...
[Paul
Seabright]
3. Is this really a problem? One is used to the phenomenon that some areas do grow more rapidly than others, just because they happen to better endowed
[James
Morgan]
...
... Absolutely, and the history of the United States shows how this has happened ...
[Paul
Seabright]
4. What went wrong [with regional policies] in the Mezzogiorno and what went right in Ireland?
[James
Morgan]
...
... There is no doubt that Ireland's investment in education ... has been an extremely important factor attracting firms to locate there ...
[Paul
Seabright]
5. So in order for a regional policy to succeed ... are you actually looking to the National Governments to adopt these sensible policies or will (in the end) there have to be some kind of European policy on all of this?
[James
Morgan]
...
... It is very clear that in recent decades there have been a lot of benefits ... from a process of competition among regions, there has been innovation in policy design
[Paul
Seabright]
Your current location:
Press
>
Audio
>
Integration...