Prepared by Paul C. Brophy, Robert Weissbourd, Andy Beideman for the Economic Growth and Mobility Project, the authors share policy levels to foster inclusive growth practices and highlight emerging approaches and innovative programs in regions across the country.
The global economy is undergoing a fundamental transformation that is changing the dynamics of productivity and growth. As knowledge assets embedded in technology and people redefine all aspects of production (inputs, infrastructure, processes, markets) and drive growth across all sectors (not just “knowledge industries”), the economy is more global and more dynamic, placing a premium on continuous innovation. We are going through a period of dramatic “creative destruction,” which is causing major disruption in labor and business markets but also leading to enormous new value creation and market activity. These changes also affect the geography of economic activity, creating transformative challenges and opportunities for neighborhoods, cities, and regions.