webinar2: adrian healy - local economic resilience and adaptibility to long-term challenges
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Post on 11-Apr-2017
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TRANSCRIPT
Local economic resilience and adaptability to long-term challenges
Adrian HealyCardiff University
Content
• What factors affect economic resilience?• How do we measure this?• How do we apply resilience to regional labour
markets?
Acknowledgement
Economic Crisis and the Resilience of Regions (ECR2)
• National level effects are strong, but resilience is also a regional and local phenomena
How did Europe fare (downturn + 3yrs)?
Resistance15%
Recovery23%
Upturn33%
No upturn28%
Features of Resilience
Business People
Place Community
Governance
4
What promotes resilience?Business
• A diverse economic base• sectors• markets• business models
• Innovation
5
People• Skills• Higher labour market
participation
Good governance
Community
• Lower levels of poverty/inequality• Social capital
Place
• Urban characteristics
Responses vs characteristics: goals and measurement issues
• (Un)employment• Wage levels and disposable incomes• Hours worked• Training and qualifications
• Maintaining employment/wages• Maintaining training• Risk of deepening divides
• Short–term vs long-term responses
But not just innate characteristics
Softer features Choices: Capacity, capability and willingness to act
• Shaped by actions of others
and context
• Self-organising vs dependent
• Informed and aware
(expectations)
• Availability of alternative paths
• Ability to learn
• The importance of adaptability
• The capacity, capability and willingness to act
• The presence of flexible policy instruments
• The role of choices and expectations
• The importance of place-based solutions
• Past choices constrain the present (and the future)
• The sharing of risk
Final Reflections• Significance of context (bivariate vs multivariate analysis)• Structure is undoubtedly important but do not overlook
the role of agency• Growth and resilience may not be the same thing• Risk that regional, firm and household coping strategies
leave them under-equipped for future development– Inability to replenish stocks– Long-lasting income effects– Significance of external support– Role for risk-sharing across territories
• Supporting the foundations for future resilience through promoting adaptive capacity