Leading international scholars provide a timely reconsideration of how and why entrepreneurship matters for economic development, particularly in emerging and developing economies. The book critically dissects the evolving relationship between entrepreneurs and the state.
Is local economic development a "zero-sum game"? How do we know that "but for the incentives" the development would not have occurred? How important is "quality of life" in location decisions and local economic development? Is industry targeting a viable economic development strategy? This book tackles these and many other significant questionsùfrom more than one perspective. Dilemmas of Urban Economic Development assesses the "state of the art" of the field of urban economic development. Each chapter addresses a particularly pertinent issue in economic development. Following each chapter are commentariesùone written by an academic addressing research methodology and the other by a practitioner addressing both the question and the evidence. The chapters are concluded with the author of each chapter responding directly to the issues raised by the commentators. The result is a productive dialogue between academics, practitioners, and citizens concerned with economic development.
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 U.S. is home to some of the largest corporations on the planet. American entrepreneurs spawned massive companies such as Facebook, Google, Apple, Amazon, and Oracle. Founders of these companies became very wealthy. Government entities and consumers benefited from the unmarketable products entrepreneurial visionaries developed. Entrepreneurship and Economic Development: The People and their Environment provides in-depth case studies of contemporary entrepreneurs that are building the future. The author argues that the famous billionaire entrepreneurs of today such as Gates, Bezos, Zuckerberg, Bloomberg, Page, Brin, Ellison and others possessed individual drive and talent. However, it is also argued that talent may not be enough. Talent withers or thrives in its social, cultural, political and legal environment. The environment of the U.S. and its entrepreneurial "ecosystem" has been conducive to innovators and entrepreneurs of the past such as Benjamin Franklin, Levi Strauss, Henry Ford, and Andrew Carnegie and Thomas Edison. This book explores how both talent and context influence entrepreneurial development.
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
This book examines the prospects for world economic development. It focuses primarily on the period from 1978 to 2000 and pays particular attention to the earlier part of that interval. The book examines some of the more immediate problems and issues associated with the process of economic growth.
Economic Development Is Not for Amateurs! shows forward-thinking leaders how to transform local, regional, or state economies and supercharge a community's revitalization effort to attract jobs, investment, and residents. Offering practical, real-world solutions, economic development experts Jay Garner and Ross Patten identify the steps that communities of all sizes can implement to create a roadmap for long-term economic success. This step-by-step guide to transform locations explains how to: Provide the certainty, simplicity, and speed necessary to build a strong business climate Sell voters on the investments necessary to attract and retain employers and jobs Create, identify, and reinforce your community's brand Build a resilient economy prepared for business closings, natural catastrophes, and stiff competition Help create irrefutable proof of a skilled workforce that is ready to work as well as a talent pipeline that is ready to fill the jobs of tomorrow Find the inevitable bottlenecks of investment in order to keep your momentum building Chapter titles include: Chapter 1: Effective Leadership = Community Prosperity Chapter 2: No Product, No Project(tm) Chapter 3: Market Regionally, Sell Locally Chapter 4: Is Your Labor Force Work Ready? Chapter 5: Grow Your Garden Chapter 6: Time Kills Deals Chapter 7: It's All About the Brand Chapter 8: Control Your Own Destiny or Someone Else Will Each chapter has a bulleted summary of the key takeaways for quick reference and recall. Whether you are a newly elected or appointed leader wondering where to start or a long-term policymaker looking to model today's best practices, Economic Development Is Not for Amateurs! will show you the way. Bulk order purchasing: eBook: Amazon does not allow the modification of eBook fees. The cost for this book is $9.99. You can still buy it in bulk as an eBook and then provide a redemption code to selected recipients. When an entity buys multiple copies of a Kindle eBook on Amazon.com, Amazon creates a set of redemption links, one for each copy of the book. You can send these links to any reader who is in the same country where you bought the copies. Recipients can redeem the eBook from desktop or mobile browsers and download the eBook to registered devices. This eBook can only be read through a Kindle or a Kindle app. Any smart device or tablet, e.g. iPhone, iPad, can download the Kindle app and read this book. We use this app on our iPhone and iPad and it works great! Paperback: Amazon will print exactly how many were ordered and will ship to the customer. For paperback orders of 1-25 copies, the cost is $15.99 per copy plus shipping purchased directly through Amazon. Pricing: For orders of 26-50, $14.99 per copy, plus shipping & handling. The order will be shipped from the authors and can be signed if desired (by one author). Please contact either author for bulk orders of 26 or more. For orders of 51-100, $13.99 per copy, plus shipping & handling and can be signed if desired. For orders in excess of 101, $12.99 per copy, plus shipping & handling and can be signed if desired. Allow 4-6 weeks for delivery. Co-authors Jay Garner or Ross Patten can customize a speaking event and book signing for your group. Contact the authors at [email protected] for more information.
“Timely and important . . . It should be our North Star for the recovery and beyond.” —Hillary Clinton “Sperling makes a forceful case that only by speaking to matters of the spirit can liberals root their belief in economic justice in people’s deepest aspirations—in their sense of purpose and self-worth.” —The New York Times When Gene Sperling was in charge of coordinating economic policy in the Obama White House, he found himself surprised when serious people in Washington told him that the Obama focus on health care was a distraction because it was “not focused on the economy.” How, he asked, was the fear felt by millions of Americans of being one serious illness away from financial ruin not considered an economic issue? Too often, Sperling found that we measured economic success by metrics like GDP instead of whether the economy was succeeding in lifting up the sense of meaning, purpose, fulfillment, and security of people. In Economic Dignity, Sperling frames the way forward in a time of wrenching change and offers a vision of an economy whose guiding light is the promotion of dignity for all Americans.
This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages. Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.