41st time lucky?

By Professor Martin Jones | 22 April 2024

In the last 40 years, we have had 40 different schemes or bodies to boost local or regional growth. Yet the one lasting legacy of all this ‘initiativitis’ has been failure.

The period has featured market failures, state failures and governance failures – sometimes existing alongside each other. Policy churn has been exacerbated by a lack of institutional memory, chronic short-termism and problems with regulatory and democratic accountability.

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