Policy highlights:

  • Research shows that 72% of cities outperformed their national economies in GDP growth alone, but only 18% of cities achieved the same in terms of jobs, growth and productivity. Because improving the overall competitiveness of cities is instrumental in eliminating extreme poverty, city leaders face several important tasks including: 1) creating jobs for urban dwellers; 2) setting priorities and selecting appropriate interventions; and 3) ensuring policy is effectively implemented.

 

  • This World Bank publication provides guidance to policymakers who seek to enhance their cities’ competitiveness. It offers practical steps, divided into three phases: 1) building consensus and preparing the groundwork; 2) calibrating for successful implementation; and 3) monitoring and adjusting implementation.
  • Although there is no single recipe for becoming a competitive city and interventions must be adjusted to specific political and economic contexts, four key categories of policy have been identified that leaders should invest in: 1) institutions and regulations (e.g. addressing regulatory barriers for urban businesses); 2) infrastructure and land (e.g. offering free or highly subsidized land for priority industries); 3) skills and innovation (e.g. offering worker training programmes designed in collaboration with private for-profit firms); and 4) enterprise support and finance (e.g. establishing credit access programmes for priority industries).
Connected themes
Share this post

Related items

The world youngest continent is looking for work

The African continent is undergoing an important demographic transformation that will, for the better or the worse, drastically change its labor market. According to the World Bank, every year 12 million young people enter the job market while only 3 million formal jobs are created. With a median age of 25 years old, the African continent is the youngest in the world.

Maya Turolla Profile
website banner - webinar 6 (1000 x 400 px)
YOUTH @ WORK: the Future of Work Webinar Overview

How can the Fourth Industrial Revolution support youth employment in Africa? This was the main question of the closing session of our Youth@Work webinar series

Siri profile picture
reading-list-november-cover
Getting up to speed with inclusive development

Every month we share with our readers a curated reading list on inclusive development. Here you can find the list for November 2021

YOUTH @ WORK: The Enabling Environment Webinar Overview

What is an enabling environment and what is its role and impact on employment creation for youth? These were the main questions of this week’s Youth@Work webinar.

Siri profile picture
YOUTH @ WORK: Policies and Government Actions - Overview of the fourth webinar

What are the policies and programs elaborated and implemented by African governments to stimulate the creation of youth employment opportunities? These were the main questions of this week’s Youth@Work webinar.

Siri profile picture