TY  - BOOK
AU  - Rodriguez-Pose, Andres
PY  - 2024
DA  - 2024//
TI  - Overcoming Left-Behindedness: Moving beyond the Efficiency versus Equity Debate in Territorial Development
PB  - The World Bank
CY  - Washington, D.C
KW  - Economic Development
KW  - Efficiency
KW  - Equity Territories
KW  - Growth
KW  - International Economics and Trade
KW  - Macroeconomics and Economic Growth
KW  - Regional Rural Development
KW  - Regional Urban Development
KW  - Regions
KW  - Rural Development
AB  - Territorial development theory and practice have witnessed significant change in recent times. This change has increasingly put the spatial dimension at the center of development policies. Although agglomeration-focused policies derived from urbanization and agglomeration economics were once prominent, their empirical limitations have become increasingly apparent. Greater territorial polarization and pervasive left-behindedness have underscored the need for a more inclusive territorial development approach, prompting increased interest in understanding and addressing regional disparities to ensure more equitable economic growth. This paper synthesizes the growing interest in territorial development, which has driven the adoption of what are increasingly place-based and place-sensitive approaches to development. The paper also emphasizes the need for complementarity between efficiency-driven and equity-focused interventions, while highlighting emerging topics in regional economics research, including the role of institutions, agency, and external megatrends such as the green transition. The paper concludes by advocating a place-sensitive approach that tailors policies to regional challenges, promoting economic potential, diversification, and inclusivity across all regions
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-10734
UR  - https://doi.org/10.1596/1813-9450-10734
DO  - 10.1596/1813-9450-10734
LA  - English
N1  - Andres Rodriguez-Pose
ID  - 1885607482
ER  -