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The Madrid CaseOECD Territorial Review
Bonifacio VegaDirector General of International Strategy
Madrid City Council
Madrid in 2007
• Madrid is a Metro-Region of 6 million• The 3rd largest metropolitan area in
Europe• In the period 1995 – 2005 the average
annual growth had been 3,7%• Population growth of 16% in 5 years• 760.000 new jobs• 17% of Spain’s GDP• Titanic improvement of public transport
systems
ADMINISTRATION
BUSINESS ACADEMIA
Madrid in 2007
MADRIDURBAN INTELLIGENCE
CLUSTER
Madrid in 2007
Reality
Perception
Closing the gap
Madrid in 2007
OECD Diagnosis in 2007
• Madrid has captured the advantages of globalization
• It has become a world class business hub
• Madrid’s success has been sustained by a set of ambitious policy measures
• Madrid has exceptional human, social, infrastructure and institutional resources
OECD Diagnosis in 2007
Challenges
1. Low economic productivity
2. Inmature R&D system
3. Inadequate spatial development
Madrid’s overall economic system has structural deficiencies that contribute to low labour productivity and innovation capacity
OECD Diagnosis in 2007
Low economic productivity• 18% less productivity than the
average 78 OECD metropolitan regions
• Between 2000-2005 high technology manufacturing fell 13%
• Fast economic growth based on lower valued activities
OECD Diagnosis in 2007
Inmature R&D system• Overall R&D expenditure is less
than 2% of the regional GDP• Percentage of private investment
in R&D is below OECD average • Limited scientist mobility
generating an endogamic structure
OECD Diagnosis in 2007
Inadequate spatial development• Madrid metro-region has a
mononuclear and radial shape• Escalation in housing prices
attracts investors but keeps out large parts of the population, especially the younger (40% of annual household income)
• Madrid has the highest rate of vacant dwellings: 24%
OEDC Recomendations
Long term shifts in:• Economic structure• Labour market• Spatial development
Madrid Madrid’s situation does not require another institutional reform but the upkeep of the existing governance mechanism along with some innovative solutions
Facing the Challenges
Low economic productivity• Development of a network of 7
new urban business incubators • Creation of Madrid-Global and
design of a New Internationalisation Strategy
• Regional Innovation Plan – Public support is shifted towards high end sectors
La Casa de Bambú•Creación del prestigioso estudio de arquitectura FOA, Foreign Office Architects,(Alejandro Zaera y Farshid Moussavi)•RIBA European Award 2008
Facing the Challenges
Inmature R&D system• Creation of the Madrid Institutes of
Advances Studies (IMDEA)• Madrid Science Park• New Financial System for
Universities• Cross institutional R&D
consortiums
Facing the Challenges
Inadequate spatial development• Comprehensive Urban Renovation
Programme• Calle 30 and Madrid Rio Projects• Housing stock renovation and
retrofitting programmes• Innovation in Public Housing
EMVS
Madrid today
• Skilled workforce– Graduates and post-graduates levels:
• 7th in the European Ranking• 1st in the Spanish Ranking
• Innovation– R & D investment: 2,4%– 7 public and 8 private universities– 8 institutes advanced studies– 3 science parks– 7 business incubators
Madrid today
• Public Transportation & Connectivity– Barajas Airport: 70 millions passengers/year– High Speed Train Network– Radial Road Network– Metro of Madrid– Improvement of infrastructures (M-30)
• Economic structure diversity– Specialized services center– Financial and advanced business services– Urban Utilities and Infrastructure Cluster– HQ of top Renewable Energies Corp.
Madrid today
• International Financial crisis– The banking system is resisting well (so far)– Drop in Direct Foreign Investment
• Spain’s Economic Model Crunch– Increased public deficit– Skyrocket unemployment (near 18%)– Destruction of industrial fabric– Internal demand is at its lowest
• City Finances– Dramatic decrease in revenues– Increased debt
Global Power City Index
The Mori Memorial FoundationTokio, Japan
Madrid 1910
Madrid 2010
gracias
tack så mycket
www.munimadrid.es
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