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The wealth and poverty of regions: innovation, economic growth and the challenge of the “places left behind
7, 8, 9 may 2025
Organized by:
Fundación Ramón Areces y London School of Economics and Political Science (LSE)
- Programme
Programme
Dates: 7, 8, 9 de may 2025
Timetable: 7 and 8 may 2025. 10.00 a.m to 4.30 p.m. 9 may 2025. 09.30a.m to 14.45 hours.
Sede: Fundación Ramón Areces, Vitruvio 5, 28006, Madrid
Language: Inglés.
Cost: The master classes are free of charge. Attendees must cover their travel and accommodation expenses.
Participants: Places are limited to 25 participants.
*Programme subject to change.
The wealth and poverty of regions: innovation, economic growth and the challenge of the “places left behind”
Thi seminar will examine the transformation of cities, regions and nations in the context of socio-economic changes across the world which impact economic growth. Looking in depth at Europe, North America, and other parts of the world, this seminar will showcase the research evidence of how inequality and economic decline has taken root in many areas previously comparatively wealthy, often due to the shift from industrial production or agriculture to technology and services and the economic opportunities available, to which many cannot access. The seminar will assess the disillusionment and reaction of those living in ‘left behind’ places, and what impact that is showing on institutional and democratic outcomes. Finally, the seminar will consider policy options for creating true innovation eco-systems that draw on regional contexts for economic revival.
Professor: Andrés Rodríguez-Pose, LSE Geography and Enviroment Departament
Professor: Neil Lee, LSE Geography and Enviroment Departament
Masterclass information
The 3-day programme is aimed at professionals who hold at least a bachelor's or master's degree and are working in business, academia, national, regional, local government or research institutions. The lectures will be given in English.
Places are limited to 25 participants who will be selected from among the registered participants by a committee made up of representatives of the LSE and the Fundación Ramón Areces.
The pre-registration period will be open until 22 April 2025. Admission will be communicated before 25 April 2025.
Day 1: Wednesday 7 May
10:00 -11:30 h.
Professor: Andrés Rodríguez-Pose
Session 1: Economic polarisation and the regional development trap in Europe
What factors cause certain European regions to fall into long-term economic stagnation despite past dynamism? This session explores the concept of regional development traps, extending the idea of the middle-income trap to subnational areas. It outlines how persistent low growth in income, productivity and employment can signal structural challenges and policy neglect. Drawing on a dynamic, multi-dimensional measure applied across European regions, the presentation will discuss how these traps arise at various income levels and consider the implications for policy-makers striving to reverse stagnation and promote inclusive, regionally balanced growth.
12:00 -13:30 h.
Session 2: The Geography of EU discontent and its consequences
Is persistent economic stagnation a key sources of political discontent? This session will examine how long-term underperformance in GDP per capita, productivity and employment -relative to national and European benchmarks- creates development traps. The risk, intensity and duration of these traps are strongly linked to rising support for Eurosceptic and anti-system parties. The lecture offers insights into the multifaceted causes of regional discontent and discusses policy strategies to prevent such entrenchment and to restore economic dynamism.
15:00 -16:30 h.
Session 3: Golfing with Trump. Decline, inequality, and the rise of Trumpism in the US
How have long-term economic and demographic declines in once-cohesive communities contributed to the rise of Trumpism in the United States? This session will delve into the paradox that regions with relatively high social capital -traditionally seen as the bedrock of civic engagement- are now more prone to populist swings. By examining US counties over several decades, the session will cover how persistent declines in employment and population, rather than interpersonal inequality alone, have fuelled a shift towards populist voting. The analysis suggests that, for many tight-knit communities facing long-term decay, collective loss is experienced as both an economic and a political crisis, paving the way for support for anti-establishment, Trump-style politics.
Day 2: Thursday 8 May
10:00-11:30 h.
Professor: Andrés Rodríguez-Pose
Session 1: The rise of discontent and Europe’s dwindling capacity to combat climate change
How do regional vulnerabilities in the face of climate change and the green transition trigger political discontent? This session will present composite indicators that capture spatial vulnerabilities to both climate impacts —such as extreme weather events and rising temperatures— and the disruptive costs of a green transition. By merging environmental vulnerability metrics with novel electoral indices based on party positions towards sustainability, the presentation will reveal that regions facing higher green transition burdens exhibit distinctive voting patterns. The findings suggest that without a fair and just transition that equitably distributes both its benefits and costs, growing environmental discontent could undermine Europe’s capacity to effectively combat climate change.
12:00-13:30 h.
Professor: Neil Lee
Session 2: The uneven geography of innovation
What is the geography of innovation? Why does it concentrate into particular cities and regions? And what are the implications of this geography for the world economy? This session will consider the uneven geography of innovation, the forces driving these changes, and the hubs which are driving the world economy.
15:00-16:30 h.
Session 3: Innovation, inequality, and inclusive growth
Innovation is crucial for economic growth, but the returns are unevenly distributed. Many of the most successful innovation hubs are highly unequal, but not all. What can we learn from places where innovation is broadly shared? Drawing on cases in Europe and Asia, this lecture will consider how innovation can be combined with inclusive growth.
Day 3: Friday 9 May
09:30-11:30 h.
Professor: Neil Lee
Session 1: The future of innovation policy in a changing world
Technological change, geopolitical shifts, and the transition to net zero are forcing policymakers to change the way policy is done. As technologies such as AI and clean energy become increasingly important, governments are rethinking their support for innovation. What can we learn from countries such as Singapore or Sweden which are at the forefront of innovation policy in a changing world?
12:00-13:30 h.
Session 2: What works? Designing innovation policy for left-behind places
One of the biggest challenges in economic development is how to create innovation for left-behind places. This lecture will consider why top-down policies can fail, but how strategies focused on local strengths can help regions adapt to economic change.
13:45 h.
Lunch Cocktail Reception
14:45 h.
Programme Close

Andrés Rodríguez-Pose
He holds the Princess of Asturias Chair and is Professor of Economic Geography at the London School of Economics (LSE). He is currently Director of the Cañada Blanch Centre at the LSE and was previously Head of the Department of Geography and Environment. He has chaired the EU High Level Group on the Future of Cohesion Policy, responsible for shaping EU Cohesion Policy beyond 2027. In addition, Rodríguez-Pose has held prominent positions in the field of regional science, as President and Vice-President of the Regional Science Association International (RSAI), as well as Vice-President and Secretary of the European Regional Science Association.
His research covers regional growth and inequality, fiscal and political decentralisation, institutions, discontent and populism, innovation, migration and development strategies. His work is highly influential and often informs policy decisions, and he regularly advises international organisations and governments. He is also widely quoted in academic circles. For three of the last four years, he has been recognised as the world's top scientist in urban and regional studies by the Stanford ranking, which identifies the top 2% of scientists in all disciplines. He has also appeared on Clarivate's Web of Science list of most cited researchers for the past five years.

Neil Lee
He is Professor of Economic Geography at the London School of Economics, a Fellow of the Canadian Institute for Advanced Research (CIFAR) and an Associate Fellow of Nuffield College, Oxford University. He has held visiting positions at Columbia University, Oxford University, Science Po Toulouse and the University of Inner Norway. He also directs the Cities network at the LSE's Institute of International Inequalities and is a former President of the Regional Studies Association.
His research focuses on innovation, economic development and local politics. His book ‘Innovation for the Masses’, published in 2024, was one of the Financial Times' ‘best new books in economics’ and his research and teaching has been awarded, among others, the prize for the best article in Regional Studies. He has acted as an advisor or consultant to governments and international bodies, including the OECD, the World Bank, the European Commission and the Asian Development Bank.
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