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Growth Pole Development

Growth Pole Development . Growth Poles Theory . The core idea of the growth poles theory is that economic development, or growth, is not uniform over an entire region, but instead takes place around a specific pole.

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Growth Pole Development

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  1. Growth Pole Development

  2. Growth Poles Theory • The core idea of the growth poles theory is that economic development, or growth, is not uniform over an entire region, but instead takes place around a specific pole. • This pole is often characterized by a key industry around which linked industries develop, mainly through direct and indirect effects. • The expansion of this key industry implies the expansion of output, employment, related investments, as well as new technologies and new industrial sectors.

  3. What is a growth pole? • A central location of economic activity • A point where economic growth starts and spreads to surrounding areas • An urban location where economic activity ignites growth and better quality of life in the urban periphery. Source: Dr Mandla S. V. Gantsho, Vice President - Infrastructure, Private Sector, African Development Bank

  4. The Expected Impact of Growth pole development

  5. Exploring the potential of the 5 Growth Poles & Cluster development

  6. What are clusters? • Clusters are geographic concentrations of interconnected companies and institutions in a particular industry. • The cluster approach enables the policy debate and actions to be more strategic.

  7. Importance of clusters • Studies illustrates that businesses located in a cluster has a stronger growth and survival rate than those located outside it. • Physical proximity of companies in a cluster facilitates exchanges of information and talent. • Industry specific equipment is often more readily available within a cluster. • High concentration of knowledge in a single location encourages entrepreneurs to spin out more new start ups than would otherwise be launched. • Clusters drives productivity and competition of firms.

  8. Clusters VS Growth poles • The terms are used interchangeably at times but there is a basic difference. • Introduced by Francois Perroux in 1949 growth poles were identified as an abstract economic space. • These active ‘spaces’ or ‘zones’ control the economic activity of the area and is different from clusters in that the latter may be a specific industry with attendant spin off activity whilst a growth pole may consist of many different clusters.

  9. South West Peninsula Growth Pole

  10. South West Peninsula Growth Pole

  11. South West Peninsula Growth Pole

  12. South West Peninsula Growth Pole

  13. Potential Cluster Areas By investing in a local economic development, Strategy to further promote: • Energy • Maritime • Food Sustainability • Light Industry • Tourism

  14. How do we do this ? • Understanding what exists; • Industries • Natural resources • Human Capital • Determine how to make existing industries/resources perform efficiently • Clusters • Innovation • Entrepreneurship • Training

  15. How do we do this ? • Determine how to use the natural resources more efficiently: • Tourism Development • Agriculture, Argo Processing • Identify suitable industries for opportunities identified • Identify and consult with Key Stakeholders • Private • Public • CSO’s

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