Understanding Local Economic Development Second Edition

• Main Authors: Malizia, Emil, Feser, Edward J, Renski, Henry, Drucker, Joshua
• Format: eBook
• Language: English
• Published: Oxford Taylor & Francis 2020
• Subjects: balanced and unbalanced economic growth; balanced and unbalanced growth in the US; Development economics and emerging economies; Development studies; Earth Sciences; Earth Sciences, Geography, Environment, Planning; economic base; economic development; economic geography; economic growth; economic theory; Economic theory and philosophy; Economics; Economics of specific sectors; Economics, Finance, Business and Management; entrepreneurship in the US; Geography; Human geography; industrial specialization; innovatio economics; innovation in the US; inter-industry linkages; Interdisciplinary studies; interregional trade in the US; Labour / income economics; local economic development; local economic development in the US; neoclassical economics; Political Science; Politics and government; Post-Keynesian economics; Public Policy; Reference, Information and Interdisciplinary subjects; Regional / urban economics; Regional geography; Regional Planning; Science; Social Science; Society and Social Sciences; spatial clusters; spread and backwash effects; workforce development
• ISBN: 1000193934; 0367815133; 9780367815134; 9780367415341; 9780367557393; 0367415348; 1000193993; 9781000193930; 0367557398; 9781000193992; 9781000193961; 1000193969
• DOI: 10.4324/9780367815134

This book offers insights into the process and the practice of local economic development. Bridging the gap between theory and practice it demonstrates the relevance of theory to inform local strategic planning in the context of widespread disparities in regional economic performance. The book summarizes the core theories of economic development, applies each of these to professional practice, and provides detailed commentary on them. This updated second edition includes more recent contributions - regional innovation, agglomeration and dynamic theories – and presents the major ideas that inform economic development strategic planning, particularly in the United States and Canada. The text offers theoretical insights that help explain why some regions thrive while others languish and why metropolitan economies often rise and fall over time. Without theory, economic developers can only do what is politically feasible. This text, however, provides them with a logical tool for thinking about development and establishing an independent basis from which to build the local consensus needed for evidence-based action undertaken in the public interest. Offering valuable perspectives on both the process and the practice of local and regional economic development, this book will be useful for both current and future economic developers to think more profoundly and confidently about their local economy. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.