What are effective strategies for promoting economic growth in remote areas?

In my opinion best way to promote economics in the remote or rural areas is to invest in infrastructure like roads, railway lines, electricity, connectivity, industrial parks, agriculture processing facilities. Taxation incentives to encourage more investors to invest in rural and remote areas. -Boosting access to markets. Main problem for remote areas producers is access to market and government must bring market integration strategy to integrate and connect urban markets with rural markets. -Crops subsidy. To encourage agriculture particularly crops government should subsidize the purchase of crops like Wheat and rice from the farmers. -Provision of cheaper land, cheaper. easy to access finance {capital}, cheaper labor, support to SMEs

Connectivity is key - money is flowing for broadband but will it get spent well? Make certain the locals get their say. Essential for skills development and for supporting entrepreneurs. Many rural areas get little/no adequate support for small businesses, even less for startups. One terrific model is Network Kansas (contact Steve Radley). I would also reach out to RuralRise (tell either that Norris sent you!) Rudy Soto at USDA Rural Development in DC is another who understands that growing remote communities requires (a) listening to the folks on the ground and (b) hearing what they actually say, not filtered through experts. Local economies grow bottom-up, powered by unselfish connectors. Who are they? (And who are the selfish?)

The Pacific Islands are not only remote from main markets, but within an archipelago, the outer islands can be remote as well from the main island. One of the pivotal elements that can accelerate economic growth in remote areas is the advancement of digital infrastructure. Key components include high-speed internet, digital communication networks, and advanced telecommunication services. Such infrastructure plays a critical role in linking remote areas to global markets, enabling e-commerce, and facilitating remote work. It dramatically reduces the distance to markets, fostering trade and commerce efficiency. Additionally, digital infrastructure enhances the capacity of local businesses, leading to job creation and income growth.

Having an inclusive approach to development should be the main goal to promoting economic development in the rural. For instance “physical infrastructure”. But one may also question ‘ what kind of infrastructure’? It varies within communities to communities, which is why, it is crucial to actually identify these critical infrastructure needs by involving the locals in the needs assessment period. Secondly, the accessibility of these infrastructures by the locals once completed is also necessary to consider…. Policy wise, would complementary policy help enhance or expedite development output/outcome? If yes, then it is crucial….

The single biggest investment that will transform remote and rural areas is investment in fibre optic cable. I spearheaded an investment plan in Ireland that is bringing fibre cable to every door in Ireland, where we have the most disperse population in Europe( 27% population on 97% of the landmass). This is now delivering FDI jobs with some of the biggest global tech companies to some of the most rural communities in the northern hemisphere

In addition, ideally, technology can be used to foster market integration in remote areas in several ways. One way is to use mobile applications that allow farmers to access market information, such as prices and demand, in real-time. This can help farmers make informed decisions about what crops to grow and when to sell them. Another way is to use e-commerce platforms that connect remote producers with consumers in urban areas. This can help remote producers reach a wider market and increase their income. Additionally, blockchain technology can be used to create a secure and transparent supply chain, which can help build trust between producers and consumers. Finally, interventions for reducing the cost of transportation are key.

L'augmentation du Capital du pays peut venir de pays étrangers (cf notion de Richesse : "Economy works differently", Journal of Applied Business and Economics, D. Vanoverberghe, 2023) . En particuliers les diasporas peuvent aider à transférer Capitaux et savoirs (ex Chine)

O Mercado consiste em um conjunto de consumidores. Os mercados podem ser local, regional, nacional e internacional. A integra??o de mercados é uma estratégia que permite aumentar as oportunidades de vendas para produtores e de alternativas de compra pelos consumidores e mais op??es de escolha . A criatividade, base da inova??o , Tecnologias digitais como IoT, rastreabilidade, blockchain, plataformas, aplicativos e outros permitem a integra??o dos diferentes mercados e áreas remotas.

Market Integration have been one of the tested method to promote economic growth in remote area. The process of increasing linkages between different markets have expanded opportunities and enhanced transfer of goods, capital and technology as well.

Market integration plays a key factor in bringing economic growth in remote areas as without market integration people in remote areas find it extremely difficult to market their produce and eventually get a lower price of their produce occupied with wastage. Lowe prices leads to lower income and hence low disposable income and investments leading to a vicious circle of low economic growth.

Uma terceira estratégia para promover o desenvolvimento econ?mico de áreas remotas é a inova??o e a diversidade ou variedade das atividades econ?micas. A inova??o é cria??o e aplica??o de novas ideias, métodos, processos. A diversidade das atividades economicas e a inova??o aumentam a resiliência e a competitividade econ?mica de áreas remotas.

A inova??o e a tecnologia permitem hoje um grau de integra??o de pequenas comunidades muito maior do que em qualquer tempo no passado. Mas para explorar esse potencial é fundamental que investimento em infraestrutura e educa??o possibilitem a capacita??o de jovens e seu acesso ao mercado de trabalho. Isso gera n?o apenas renda para grupos familiares isolados, mas trazem benefícios para toda a comunidades via efeitos multiplicadores do gasto.

Specialized industrial districts as driver to remote areas growth has been key to the development of certain Italian regions in post II WW and still plays a crucial role in the country's economy. It is a path that certain areas in Southern Italy have been pursuing in the last 10-15 years and it works, as long as it is combined with at least some of the other fundamental factors outlined in this page. A good example is set out by the so-called Murgia Valley, an area in the South-Western part of Puglia, which specialized in digital services during the 2000s and has seen steady growth over the last 15 years.

I believe that diversification and innovation are essential and complementary strategies to promote economic growth in remote areas. Diversification is important because it reduces the dependence of remote economies on a single sector or activity. Innovation is important because it can lead to the development of new products and services, which can increase the productivity and competitiveness of businesses and industries. Innovation can also create markets and opportunities, which can contribute to systemic growth. With the right support, remote areas can seize the opportunities of diversification and innovation to promote economic growth and improve the well-being of their populations.

There is no sustainable growth without innivation. Even if a country has an abundant number of high level specialists, as long as it doesn't incubate business and science, it will remain an outsourced service center. Take an example of Lithuania: more than 70% of working population has a university degree, but up to this day it struggles to be more than a service center for, for example, Danish bank Danske bank. Tailored regulatory regime and subsidies are helpful tools to stir the country into the right direction.

The need for environmental protection is at an all time high. Most remote areas, especially rural areas are heavily reliant on farming at both subsistent and commercial scales. Having relevant policies that aim to conserve and restore natural resources and ecosystems ensures livelihoods are maintained and improved and overall well-being of people and other living beings.

La protection de l'environnement figure parmi les trois piliers de la gouvernance durable après l'aspect économique et celui sociétal. Cette notion de gouvernance nous enseigne que le développement commence par la base. C'est à dire à partir des localités rurales vers les villes. Pas l'inverse. Le développement, c'est permettre aux habitants des campagnes de réaliser leur bien-être sur place. Et cela passe d'abord par la protection de l'environnement. C'est à juste titre que le contenu local est de nos jours recommandé à tous les investisseurs. Parce que la protection de l'environnement est une donnée première dans la vie locale. Il est ainsi exigé des investisseurs d'adapter leurs stratégies managériales aux ODD

My view is that mainstreaming environmental sustainability in national policies can help to ensure that economic development is sustainable and does not come at the cost of environmental degradation. This can help to reduce the negative impact of human activities on the environment and promote the conservation of natural resources. In fact, mainstreaming environmental sustainability in national policies can help to promote social equity and justice. Environmental degradation often affects marginalized communities disproportionately, and incorporating environmental sustainability into national policies can help to address these inequalities. In light of the foregoing, strong environmental protection interventions can benefit remote areas.

La protection de l'environnement renvoit ici à la Green Economy: On doit concilier croissance économique et protection de l'environnement. En d'autres termes c'est l'empreinte écologique qui permet de mesurer la surface nécessaire à une population pour subvenir à ses besoins et absorber ses déchets; ainsi sont définis les trois piliers du développement durable que sont le pilier social, le pilier économique et le pilier environnemental. La stratégie de protection de l'environnement consistera donc à la conservation des sols et la protection du couvert végétal, aux études relatives au processus de restauration de la fertilité du sol, à la régulation du système d'approvisionnement en eau Etc.

Environmental protection is a crucial tool that can assist in transforming economic growth of societies. Without conducive environment devoid of disasters and deliberate human activities that destroy the environment production activities can transpire without any form of hindrances. This will increase the output of industries, reduce prices of commodities, enhance tax payments to governments and also enhance the employment capacity of industries thereby reducing the canker of unemployment. Good environmental practices harness the life span of citizens as well. All these help in improving economic activities.

Social inclusion is imperative for lucrative economic development which creates opportunities and growth for the entire population of a remote region. From my experience working in the slums in Hyderabad, I realised that one of the main hinderances to inclusive development is mistrust between locals and the institutions seeking to improve economic conditions. Proper education on the impact of the infrastructure development, market integration and innovation is necessary to ensure that the impacted population trust that these developments take into account their specific requirements and livelihoods. Information on the potential positive impacts for them and their families are key to engaging the population and generating economic output.

Unfortunately, the importance of social inclusion is often mentioned among the last ones. Perhaps, in contrast, it should be articulated as the foremost topic to invest in. In my opinion, the best way to promote economic development in the remote or rural areas is to develop local organizations' capacity. Never stop reaching out to local people, never stop trying to build local networks, and tell them how they can connect to the larger bureaucratic bodies or associations. Prove them that their opinions do matter indeed. Show them how their opinions can be translated into good infrastructure projects that higher authorities can consider funding.

Social inclusion can be used to promote economic growth in rural areas by: Empowering marginalized and vulnerable groups, such as women, youth, ethnic minorities, people with disabilities, and LGBTQ+ community, to participate in decision-making, governance, and development processes that affect their lives Enhancing human capital and social protection of rural populations, by providing quality education, health care, nutrition, and social assistance, and reducing poverty and inequality13. Fostering social cohesion and trust among rural communities, by promoting dialogue, cooperation, and solidarity, and addressing discrimination, violence, and conflicts

Create CBOs, provide an equal opportunity / platform where regardless of gender , caste , creed , Color and language everyone can provide their inputs and make them part of the change to own the responsibility of economic growth in longer run

Social inclusion in remote areas involves ensuring that all members of the community have equal access to opportunities, resources, and participation in decision-making. Promoting social inclusion can contribute to economic growth by harnessing the diverse skills and talents within the community. This inclusivity fosters a supportive environment, encouraging collaboration and innovation. It also helps in creating a more robust and resilient local economy, as everyone has a stake in its development.

With remote areas, there's always a 'chicken-and-egg' problem when it comes to economic growth - do we first develop an ecosystem for growth and then look for private sector to come in or the other way round? Here's an example from my experience as a policymaker: When large multinational companies approach us at the government to set up a manufacturing base, from my perspective, I thought about inclusive development, and hence preferred them to go to remote rural areas. How could I convince them to do that? These areas have no ecosystem or connectivity. One strategy that has been successful in my experience is - incentives/tax holidays for these companies to come in first: such investments would then lead to further evolution of ecosystem.

A critical component to economic development is human capital. Education and capacity development is required to develop a skilled workforce that is readily available to leverage new infrastructure made available. Access to finance for new companies and SMEs is crucial to enable private sector activity and promote innovation. New opportunities exist in social enterprises and for-good companies, "the fourth sector" and the green economy can be encouraged to encourage solutions to the climate change crisis while promoting economic growth. This can be enabled via policies that provide support for such new companies, and which incentive existing companies to refocus their activities to greener technologies (i.e. carbon pricing).

Economic growth in remote areas hinges on "3E’s": Enterprise, Employment, and Education. Urban success results from thriving enterprises that create jobs that demand skilled and educated individuals. National and regional discussions must address this. A skilled workforce also attracts enterprises, but it must be build, so education plays a critical role in to improve educational levels of those with lower education in remote areas. Additionally, differences to urban areas in culture, religiosity, and societal structures impact the adoption of innovations in remote areas. Countries like Turkey, Uzbekistan, and Kazakhstan witness differences affecting technology adoption, such as mobile phones, internet, and online banking in such regions.

Are we sure remote regions need economic growth? Who says they should follow a trajectory of development and follow in "our" steps? Other models should be considered, leading to prosperity and justice and peoples' sovereignty. Economic growth is our model and it shows clear signs of failure. Why should we impose it on anyone else?

Foster digital and financial literacy, both are key components of long-term successful economic growth in todays interconnected world and go hand in hand.