The Ruhr area is recovering: New hope through smart economic policy!

The Ruhr area is recovering: New hope through smart economic policy!

A current study by the German Economic Institute (IW) shows surprising progress for the Ruhr area, which was presented by Professor Hubertus Bardt in Düsseldorf. This important research was commissioned by the NRW Business Association and concludes that the region's economic situation has improved significantly. Bardt emphasizes that many of the former problem children can no longer be found in the Ruhr area, which points to successful local economic policy.

The Ruhr area, Germany's largest agglomeration with over five million inhabitants, has historically struggled with structural problems such as high unemployment and slow growth. These challenges not only burden North Rhine-Westphalia, but also the entire Federal Republic. Between 2000 and 2015, the region lagged behind the upswing of other German urban regions and recorded a decline in population until the immigration wave in 2015.

Changing economic conditions

Compared to the 1960s, when the Ruhr area was still considered prosperous after the first coal crisis, the picture has changed. During this time the region received no regional subsidies. But in the 1980s the Ruhr area became the target of state support measures. Despite this long-term support, dynamic changes in regional policy have not yet occurred.

However, the economic indicators of the Ruhr area remain weaker than the German average, especially in industrial value creation. Professor Bardt emphasizes that local economic policy has a decisive influence on the local economic situation. Despite the ongoing challenges, it is estimated that the positive development that the IW is now seeing could represent a turning point.

Ongoing problems and perspectives

Although the IW study highlights positive aspects, the situation in the Ruhr area remains complex. High unemployment and long-term growth problems remain prominent issues that cannot be ignored. Regional policies have historically failed to deliver comprehensive dynamic change, adding to ongoing challenges.

In summary, it can be said that the Ruhr area is on the road to recovery despite its difficulties, which are often characterized by industry. The influence of an active and strategic local economic policy could be decisive in the coming years to lead the region out of the economic shadow situation. Whether this will succeed remains to be seen. For further details and comprehensive analysis, read the latest reports RP Online as well as the comprehensive research piece Springer Link.