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Competitiveness
Staying competitive is essential for thriving economies and stronger communities. Productivity is the engine behind this, but its growth has slowed dramatically across OECD countries in recent years. Many regions are facing shrinking incomes and jobs. Globalisation’s uneven impact across places, rising risks from geopolitical tensions and natural disasters, and a growing focus on sustainability have pushed businesses to rethink their supply chains and governments to embrace new industrial strategies. Regional development policies are a powerful tool to tackle these challenges and steer long-term growth in the right direction.