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  • I am an Economic Developer

    Are you trying to determine a strategy for your organization, region, or industry? Then follow our Economic Developer path.

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  • I am a Policymaker

    Are you hoping to effect change in the economic landscape through federal, state, or local government policy choices? Then follow our Policymaker path.

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  • Data by Cluster

    A cluster is a regional concentration of related industries that arise out of the various types of linkages or externalities that span across industries in a particular location. The U.S. Benchmark Cluster Definitions are designed to enable systemic comparison across regions. View and compare clusters across the U.S.

    View Data by Cluster
  • Frequently Asked Questions

    How do I compare different clusters on a national level?

    How do I find my region’s strongest cluster(s)?

    How do I identify which cluster my industry belongs in?

    How do I compare local vs traded clusters?

    Are there overlaps between the clusters?

  • Data by Region

    A region is broadly defined as a county, economic area (EA), metro/micropolitan statistical area (MSA), or state. The U.S. Benchmark Cluster Definitions use the U.S. Bureau of Economic Analysis defined economic areas. View and compare regions across the U.S.

    View Data by Region
  • Frequently Asked Questions

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    How do I build a region to meet my needs?

    How is my region doing, especially in comparison to its peer regions?

    How do I find subregions related to my region?

    How do I use the map view to visualize economic data across the country?

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  1. Resources
  2. Real Banking for the Real Economy: Comparing Sustainable Bank Performance with the Largest Banks in the World

Real Banking for the Real Economy: Comparing Sustainable Bank Performance with the Largest Banks in the World

by cmp.admin Mon, 10/27/2014 - 15:05

Five years after the financial crisis began in earnest with the collapse of Lehman Brothers, the negative impact from a damaged banking system on the real economy continues to be felt. Continued stress in the global financial system provides the backdrop to high levels of unemployment, low levels of business borrowing, and unsustainable public finances in many countries. At the same time the impact of climate change increasingly challenges communities coping with a changing environment.

Public policy and banking regulation are now increasingly focused on the need to improve the quality of the banking system in general, with a view to supporting the real economy in particular. Underlying this effort is a back-to-basics approach that relies on traditional measures of capital strength and liquidity. Many in the banking industry oppose the changes, claiming that they will prompt a decline in lending to the real economy.

Throughout this period of private reflection and public debate, a group of sustainable banks, all members of the Global Alliance for Banking on Values (GABV), have continued to successfully finance the real economy through business models based on the Principles of Sustainable Banking that follow.

Principles of Sustainable Banking
1. Triple bottom line approach at the heart of the business model;
2. Grounded in communities, serving the real economy and enabling new business models to meet the needs of both;
3. Long-term relationships with clients and a direct understanding of their economic activities and the risks involved;
4. Long-term, self-sustaining, and resilient to outside disruptions;
5. Transparent and inclusive governance;
6. All of these principles embedded in the culture of the bank.

Economic Policy
Author: 
Global Alliance for Banking on Values
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The U.S. Cluster Mapping Project is led by Professor Michael E. Porter at the Institute for Strategy and Competitiveness, Harvard Business School.

This project is funded by the U.S. Department of Commerce, Economic Development Administration.