Certain regions of Europe have not recovered from the financial crisis and face prolonged economic stagnation, rendering them hunting grounds for populists.
div > div.group > p:first-child"> But many local economies throughout Europe are in a state of prolonged stagnation, rendering them an ideal hunting ground for populists, according to a report from ING senior economists Bert Colijn and Joanna Konings.
The scars of the crisis are still impacting regional labor markets, with structural disparity driven in part by the region's digital infrastructure, education, innovation and vulnerability to globalization. Similarly, investment in research and development is strongly correlated to employment growth over the past decade, suggesting that regions which are"knowledge hubs" create jobs at a faster pace than those which are not. Cities with 1,000 euro or more R&D spend per capita form a roughly diagonal belt from Liverpool to Vienna, along with several Nordic regions.
Meanwhile the Bulgarian region of Severozapaden, the poorest in the European Union, performed worst, alongside the Centro region of Portugal, and the Italian regions of Calabria, Molise and Puglia. The top 20 weakest regions all come from Italy, Greece, Spain and Portugal with the exception of Severozapaden.
This was evidenced in the 2018 Italian general election, in which southern regions demonstrated a surge of support for the anti-establishment Five Star Movement. While well-managed redistribution at a national level could dampen the overall effects of regional divergence, the geography of weak areas makes this solution difficult to implement.
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