ECONOMIC DEVELOPMENT

Economic development is one of the key means by which governments seek to reduce and remove disparities in economic and social well-being.

NHMC has been involved in the design, development and implementation of regional economic development policies and programmes for many years.

We have provided advice, technical assistance and capacity development to national, regional and local governments, agencies and businesses. We build from a platform of strong technical knowledge and proven analytic and collaborative strategy process to offer our clients the integrated services they require to achieve a high performing the economy. We can offer an integrated strategy or focus on the critical challenges that face your national performance. Each of our offerings will always be tailored to meet your needs

The disparities that these agencies face can be caused by a number of factors, each of which may require a different response. NHMC has significant global experience in responding to all of the following situations:

The decline of traditional industries due to exhaustion of resources or global changes in supply and demand, leading to long-term unemployment, poverty and social exclusion

The differences in prosperity between urban and rural areas.

Transitions in the economic management systems of countries, such as a move from a centrally-planned economy, or even a break-up of a previous union. The legacy of war, particularly on border areas and newly-independent states leading to a lack of private sector investment, polarized communities and depopulation

NHMC has a unique understanding of the difficulties and opportunities involved in developing and transitional countries. Much of this experience comes from local experts with direct experience of economic development in their own region.

Our integrated portfolio of management and technical services is structured around five broad themes:

Legislation : the development of legislation for regional economic development
Framework : the institutional and management framework for regional policy
Strategy : designing and developing a clear regional economic strategy, identifying areas for particular attention, and grounded within a national economic development strategy
Investmen t : the design and implementation of policies to attract investment and to encourage the development of the private sector
Subsidies : the role, advantages and disadvantages of investment and job creating subsidies

. At NHMC we develop policies and programmes from new, and this approach enables us to take full account of local conditions.

We do not impose our solutions on our local partners, or transpose them from other countries, but develop bespoke responses that are appropriate to specific economic and social circumstances.

Mission : Collaborative Solutions to Build High Performing Regions

In today's global economy, metropolitan regions are the center of growth and the locus of innovation. Every region now faces the challenge of establishing and sustaining its position in the global marketplace. To succeed in the global economy every region and its public and private leaders must:

Build Prosperity —Understand international markets, the structure and position of their economy, and take steps to increase competitiveness

Reduce Disparity —Understand the economic, social, geographic and participatory "fairness" of their communities and take steps to ensure improved equity

Increase Sustainability —Understand the environmental and growth challenges facing the region and how best to manage them in a "smart manner"

Strengthen Agility —Understand how information and communications technology can be used to redefine and improve the delivery of public and private services

Services

Employment

Income Distribution

Labor Migration

Policy Analysis

Regional Integration

Poverty

Export Promotion

Foreign Investment

Project Appraisal and Evaluation

Trade Agreements

Trade Development