Rethinking regions in turbulent times

Building a Model for Financial Management of Digital Technologies in the Areas of Combinatorial Effects

“…Digitalization as one of the basic directions of the information society in the 21st century provides an opportunity to create new ideas and realize goals that were previously considered unattainable, which together provides the nation with an opportunity to improve its technological potential through creative destruction. The desire to obtain combinatorial effects from dynamically developing structural-logical processes in economic systems allows us to revise certain parameters of the neoclassical paradigm and to determine the future of digital technologies in the national economic system (Bailey et al 2020;Blizkyi 2015;Zaytsev et al 2020).…”

“…Predicting the development of technologies, a new mode and economy becomes the focus of the global scientific community in the 21st century (the main global trends have been considered in a number of studies (Al Muhayfith and Shaiti 2020;Bataev 2018;Lynn et al 2020)). The scientific paradigm is also being transformed by global digital pressure, which is responsible for its constant dynamics in the surrounding space (Bailey et al 2020;Clegg 2011). Scientists cannot but notice the loss of balance in economic development, the turbulence of emerging trends, and the variability of basic conditions and preconditions.…”

“…which is responsible for its constant dynamics in the surrounding space (Bailey et al 2020;Clegg 2011). Scientists cannot but notice the loss of balance in economic development, the turbulence of emerging trends, and the variability of basic conditions and preconditions.…”

Regions in a time of pandemic

“…Regional studies in particular has a set of tools tailored to understanding the spatial (re)distribution of economic activities when exposed to significant shocks (Lovering, 2001;Martin & Sunley, 2015;Pike, 2009) and responses, and critically encompasses place leadership (Beer et al, 2019;Sotarauta, 2018;Vallance et al, 2019). Those tools are needed to tell this story and identify what matters for the recovery from the pandemic and the regional policies required to bridge the gaps in regional systems, networks, institutions and governance revealed by There are also calls for policy responses to the impact of Covid-19 to 'build back better', and the regional studies community will have much to contribute in terms of debates over, for example, green new deals, climate change, sustainable transitions (Gibbs, 2018), governance (Dodds et al, 2020;Fastenrath & Coenen, 2020), the role of state intervention and place-based industrial strategy (Bailey et al, 2020a), as well as regional inequalities and 'levelling up' in the context of the 'geography of discontent' (McCann, 2020)this not least because of the importance of place-based regional policies rather than 'one-size-fitsall' approaches to regional planning (Morrison & Doussineau, 2019). The drive for universities to contribute to their regional economies places higher education institutions in an important position in these debates (Benneworth & Fitjar, 2019) as anchor institutions (Bailey et al, 2020b).…”

“…'Rethinking Regions in Turbulent Times' was the title of our editorial at the start of this volume (54) of Regional Studies (Bailey et al, 2020a). Back in January we had not foreseen quite how prescient that statement would look just a few months on.…”