Understanding Local Economic Development
Understanding Local Economic Development

Author: Emil Malizia

Publisher: Routledge

Published: 2020-10-05

Total Pages: 282

ISBN-13: 1000193993

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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.

Alternative Strategies for Economic Development
Alternative Strategies for Economic Development

Author: Keith Griffin

Publisher: Springer

Published: 1999-06-30

Total Pages: 298

ISBN-13: 0230599915

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The question of alternative strategies for economic development is the subject of great controversy and intense debate amongst practitioners and academics concerned with economic and social progress in the Third World. The core of this book is an analysis of the six most widely adopted strategies of development namely monetarism, the open economy, industrialisation, the green revolution or agriculture-led development, redistributive strategies of development and socialist strategies.

Economic Development and Planning
Economic Development and Planning

Author: Spencer Rogers & Sammy Gentry

Publisher: Scientific e-Resources

Published: 2018-04-07

Total Pages: 300

ISBN-13: 183947212X

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Economic development transforms a traditional dual-system society into a productive framework in which everyone contributes and from which receives benefits accordingly. Economic development occurs when all segments of the society benefit from the fruits of economic growth through economic efficiency and equity. Economic efficiency will be present with minimum negative externalities to society, including agency, transaction, secondary and opportunity costs. An economic development plan is a carefully built framework that's long-term in scope. It's used to help communities across diverse situations. When planning for economic development, the goal is to create and maintain a strong, vibrant local economy. Local government economic development planning is part of a region's overall economic development strategy and involves intergovernmental coordination. The economic development plan provides a comprehensive overview of the economy, sets policy direction for economic growth, and identifies strategies, programs, and projects to improve the economy. Economic planning, the process by which key economic decisions are made or influenced by central governments. It contrasts with the laissez-faire approach that, in its purest form, eschews any attempt to guide the economy, relying instead on market forces to determine the speed, direction, and nature of economic evolution. Finally, the author reminiscences on the excitement that was aroused during the initial period of development planning as well as decline in the expectations from the planning process and its importance. This book imparts the basic information about the economic development and planning of the world.

Economic Growth and Development Policy
Economic Growth and Development Policy

Author: Panagiotis E. Petrakis

Publisher: Springer Nature

Published: 2020-07-23

Total Pages: 277

ISBN-13: 3030431819

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This book provides the theoretical and analytical background necessary to understanding the process of growth and the implementation of economic policies. First, it presents the growth theory landscape and the evolution of growth as well as modern growth theory arguments where the policy implications of the theoretical approaches are set. The book then covers the relationship between policy and growth, discussing not only the growth prototypes that prevail but also their relation to politics and economic policy formation and decision making. In this context, policy formation determinants, as well as the targets, instruments, and policy implementations, are crucial. The role of structural changes and structural reforms and their relationship with economic growth is also analyzed. The book ends with an interdisciplinary study of how institutions and cultural background, entrepreneurship and innovation affect policy formation.