When the World Bank wanted to prepare its newly formed Global Solutions group to solve some of the world’s most complex territorial and spatial development, analysis, and policy design challenges, it called upon leaders in the field of regional science to share their knowledge.
According to Dr. Nancy Lozano-Gracia, Senior Economist at the World Bank, the presentations would introduce staff to the “concepts, tools, and policy instruments that can be used when thinking about Territorial Development.” The presentations took place on December 5, 2016, at the World Bank in Washington, D.C.
One of the speakers was Dr. Randall Jackson, Director of the Regional Research Institute at West Virginia University and professor of geography, who provided a range of methods for application to regional policy analysis. This information was intended to provide the group with an overview of available tools and to better understand the methods available in regional economic analysis and the scenarios in which they can be used to solve various policy questions.
Also presenting were Drs. Raymond J.G.M. Florax, professor of spatial and environmental economics at Purdue University, and Geoffrey J.D. Hewings, Emeritus Director of the Regional Economics Applications Laboratory and emeritus professor of agricultural and consumer economics, economics, geography, and urban and regional planning, at the University of Illinois. Dr. Florax presented applications of spatial economic methods to regional development problems, and Dr. Hewings provided an overview of regional policy issues and concerns.