DUBLIN IN THE GLOBAL ECONOMY Overview of presentation by Dr Jonathan Potter, OECD The presentation starts with a brief overview of what we mean by globalisation, which is seen as a process of increasing internationalisation of networks and interactions and increased international competition and investment. This makes city economies more open and exposed to more rapid economic change and restructuring. In response, a new territorial development paradigm is emerging based on the promotion of endogenous development rather than redistribution. There appear to be the following main implications for cities like Dublin: - Globalisation increases the need to create a favourable local environment for economic development and sector specialisations in order to compete internationally for resources and markets.     - At the same time, development strategies should not neglect the struggle to combat social inequalities within cities. In the case of Dublin, this is important not just for social justice and social cohesion, but also because it could help reduce growth pressures. - Decentralisation of economic development powers is also important so that city governments can develop tailored and integrated strategies for competitiveness and cohesion. - However, the necessary actions should not be undertaken by the city authorities on their own. Instead they should develop partnerships with all the relevant players in the public, private and non-profit sectors to allow for more tailoring, leverage, participation and innovation. A number of examples are given of how cities in OECD countries are going about meeting these challenges, drawing on material in the recent OECD publication 'Devolution and Globalisation - Implications for Local Decision-makers'. home