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TCI 2016 What drives prosperity?
- 2. 2 Copyright 2016 © Christian Ketels
What Drives Prosperity?
What you
have inherited
What you
have created
How
prosperous
you are
How well
you do it
What
you do
- 3. 3 Copyright 2016 © Christian Ketels
Implications for Policy Action
• Many things matter; there is no silver bullet
• What matters most depends on what you already have
• Every location is different, but all adhere to the same economic principles
and dynamics
WHAT
HOW
• You can’t change everything at once, even if all has to change eventually
• Success is driven by your unique strengths, not just by the weaknesses
you have removed
• Change requires action by many
- 4. 4 Copyright 2016 © Christian Ketels
Cluster-Based Economic Development
• Diagnostics
• Strategy
• Delivery
• Collective Action
Leveraging clusters,
not creating clusters
- 5. 5 Copyright 2016 © Christian Ketels
Challenges
1. Strengthening strengths we (now) know how to do, developing
them less so
2. Existing data on clusters insufficiently align with the realities of
cluster dynamics
3. Cluster efforts too often a new silo rather than an integrative
approach across policy areas