The geography of prosperity: How to help the areas lagging behind

A view of Sixth Street leading to the center of Bangor, Pennsylvania, U.S., April 30, 2019. REUTERS/Brian Snyder - RC1EA70F3DA0

Jay Shambaugh, a senior fellow at Brookings and director of the Hamilton Project, joins David Dollar to discuss why economic prosperity is concentrated in certain regions of the United States while other areas are left behind. Their conversation draws from “Place-based policies for shared economic growth,” a recent book from the Hamilton Project that presents strategies for addressing regional inequality and explains why many previous place-based proposals have failed.

Shambaugh and Dollar also unpack the significance of U.S. presidential candidates advocating for manipulating the value of the dollar to support U.S. manufacturing and whether that would help traditionally industrial areas like the old Rust Belt.

Related content:

Place-based policies for shared economic growth (book)

Place-Based Policies for Shared Economic Growth (event)

The geography of prosperity

An interactive exploration of the geography of prosperity

Janet Yellen on monetary policy, currencies, and manipulation

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Dollar and Sense is a part of the Brookings Podcast Network.