By OECD. Published by : OECD Publishing
ISBN-10: 9264199780
ISBN-13: 9789264199781
Few experiences have systematically tested the connection among the production of latest organizations and native financial improvement -- but it's a common trouble for critical and native governments wishing to wrestle localised financial distress. This publication
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Extra resources for Local Economic and Employment Development Entrepreneurship and Local Economic Development: Programme and Policy Recommendations (Local Economic and Employment Development)
Sample text
Inner city regeneration and enterprise development: a focus of increasing policy interest Amongst others, Michael Porter (1995) has in recent years brought attention to the commercial advantages of America’s inner cities, and the importance of exploiting these as part of a programme of economic revitalisation. These advantages are held to include: frequent proximity to h igh-income markets and trans port ne tworks; population dens ities permitting high levels of consumer spending per unit area; and a labour force with skills which, while often moderate, are valuable to significant numbers of firms.
Conversely, a low rate of job creation, which is affected by the level of company births, also influences the rate of unemployment. ● Gross statistics can hide the sectoral mix of enterprise formation. This mix might affect employment growth. For instance, new enterprises in manufacturing typically have more employees than new firms in the service sector. And highly innovative companies might be associated with growth-inducing “spill-over” effects. ● Much micro-enterprise activity is below the notice of statistical agencies.
Networks facilitate the identification of business opportunities, improve access to resources, and support enterprise management. Networks can allow rapid learning – and small companies appear to favour the peer-based l e a rn in g th a t n e t w or k s p e r m i t. N e tw o r ks c a n a ls o f a c i l it a te t h e reconfiguration of relationships with suppliers. In some instances networks have even led to a new division of labour among a group of firms, allowing individual companies to reap economies of scale and scope.