(14 November 2019) – Today the Commission and the Organisation for Economic Co-operation and Development (OECD) present a report on an initiative launched in 2017 to help 12 EU regions and Member States achieve industrial transition and hold their own in a globalised economy.
Teams of OECD and Commission experts worked with the regions and the two Member States to identify what was holding back job creation and growth in these areas.
The goal was to reinforce their long-term development strategies based on areas of competitive strength – their ‘smart specialisation’ assets. These strategies encompass social fairness, economic modernisation and climate ambitions.
Based on this experience, the report presents a toolkit for national and regional authorities, providing concrete solutions to address obstacles to industrial transition in five main priorities.