Leveling Up Is Hard to Do
If clustering of knowledge-based firms resumes as the pandemic fades, the momentum toward ever-increasing geographic inequality risks becoming inexorable. The first step toward addressing the problem is to recognize that a holistic approach to public policy – one that adopts the viewpoint of users and administrators – is essential.
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CAMBRIDGE – One of the economic challenges facing all Western governments in these uniquely testing times is how to redress geographic inequalities that have emerged over several decades. Tackling this problem will require policymakers to adjust their perspective and adopt a much more holistic approach to economic development.