This book proposes the theory and practice of endogenous development that helps to analyze economic dynamics and works within a context of continuous economic, technological, and institutional transformations. This approach will help shape both our understanding and response in times of economic crisis.The book also focuses on the evolutionary approach, analyzing development forces that condition the capital accumulation process. It contends that entrepreneurial development and the formation of firm networks, the diffusion of innovations and knowledge, the urban development of the territory, and the change and adaptation of the institutions are mechanisms that stimulate capital accumulation, and thereby, economic development.
This book explores the relationship between families, firms, and regions and the extent to which these relationships contribute to regional economic and social development. Although family business participation in economic activities has been a common phenomenon since pre-industrial societies, and its importance has evolved throughout time and across spatial contexts, the book suggests that these factors have often been neglected in family business and regional studies. Taking this research gap into account, the book aims to deepen our understanding of the role family firms play in the regional economy. In particular, it explores two seldom studied questions. Firstly, what role do family firms play in regional development? Secondly, how do formal and informal regional contexts shape family firm operations and performance? This book presents a model of "regional familiness" and uses themes such as productivity, networks and competitiveness to shed new light on family businesses. Moreover, it evaluates the juxtaposition and cross-fertilisation between family business and regional studies to encourage the cross-fertilisation of ideas, theories, and research methods between the two fields. Bringing together leading experts in entrepreneurship, regional economics and economic geography, this book will be valuable reading for advanced students, researchers and policymakers interested in family firms, regional studies and economic geography.
The ongoing debate concerning the Amazon's crucial role in global climate and biodiversity is entirely dependent upon sustainable development in the region. Recognizing that forests are an integral part of the social fabric in the region, initiatives such as community forestry, small-scale tree plantations and agroforestry, as well as payments for environmental services have aimed at conserving the natural forest landscape. At the same time these attempt to protect and enhance the well-being of poor local smallholders including indigenous groups, traditional communities and small farmers. Against this background, this book analyses numerous promising local tree and forest management initiatives taken by smallholders in the Bolivian, Brazilian, Ecuadorian and Peruvian Amazon to better understand the key success factors. The insights gained from more than 100 case studies analyzed by researchers from Latin-America and Europe in cooperation with local stakeholders reveal the need for critical reflection on the initiatives targeting poor Amazonian families. The book discusses an operational vision of rural development grounded on the effective use of smallholders’ capacities to contribute to a sustainable and equitable development of the region. It provides helpful information and ideas not only for scientists, but also for development organisations, decision makers and all who are interested in one of the major challenges facing the Amazon: to combine equitable development with the conservation of its unique ecosystems.
'Innovation, Global Change and Territorial Resilience is indeed a timely contribution addressing the challenges that the global economy poses for local, regional and national economies. In the current situation, resilience is instrumental and innovation is the key mechanism to get there. In this volume, an impressive line-up of international authorities in the field – from across Europe and beyond – present highly valuable insights, models and hypotheses on innovation dynamics and activities in current day economics, as well as policy analysis and advice.' – Anders Malmberg, Uppsala University, Sweden the critical message of this book is that in the current context of global change, local and national territories have to upgrade their resilience in terms of improving both their competitiveness and capability to innovate. Localized creativity, small high-tech entrepreneurship, related innovation platforms, social capital embedded in dynamically open territorial communities and context-specific though continuously upgrading policy platforms are all means to face new challenges and to promote increased absorptive capacity within local and national territories. the contributors illustrate that these capabilities are much needed in the current globalized economy as a path towards sustainability and for creating new opportunities for their inhabitants. They analyse the challenges and development prospects of local/regional production systems internally, across territories, and in terms of their potential and territorial connectivity which can help exploit opportunities for proactive policy actions. This is increasingly relevant in the current climate in which the balanced allocation of resources and opportunities, particularly for SMEs, cannot be expected as the automatic result of the working of the market. Exploring conceptual and methodological aspects, and documenting original accounts of innovative territories, this book will be of great interest to academics, students and researchers within the fields of economics, industrial organization, and technology and innovation.
The beginning of the twenty first century has been characterized by the expansion of economics, politics and institutional relations. this book illustrates the local answer to the challenge of increasing competition.
'The rise of endogenous growth thinking has produced an understanding that the national and in fact the global economy depends generally on supply side initiatives that for the most part are driven at the local regional level. Focusing endogenous forces at the regional level has become elemental in our thinking about development and competitiveness at all levels. This book demonstrates that building and testing "local after-crisis scenarios" before crises occur informs policy and leadership at the critical flex points along the regional development horizon.' Roger Stough, George Mason University, US This up-to-date and insightful book presents post-crisis scenarios for European regions with new methodologies and tools to support quantitative assessment and foresight. The aim is to develop regional forecasting methodologies and tools, appropriate to the regional-local scale but consistent with a general EU-wide approach. This effort is particularly important in a period of economic crisis, as an economic downturn generates high uncertainty about the future of economic systems, and consequently will determine the new winners and losers in a globalized world. An interesting picture of diverse and alternative post-crisis territorial development paths is provided for a case study of the Latin Arc countries (Spain, France and Italy) and the Latin Arc Provinces Network, running along the Western Mediterranean coast. Policy suggestions for the case study area are then built on the scenario results. Spatial Scenarios in a Global Perspective will strongly appeal to regional economists, economic geographers and policy makers as well as students in regional economics, geography and international business.
Miguel-Ángel Galindo Martín, Joaquín Guzman Cuevas and Domingo Ribeiro Soriano University of Castilla-La Mancha, Albacete, Spain University of Sevilla, Sevilla, Spain University of Valencia, Valencia, Spain The economic growth and the progress of the nations have been two issues that have worried to the economists during centuries. The classical eco- mics books have developed different theories and considered several f- tors that could explain those processes. Unfortunately, a single answer has not been obtained and nowadays economists try also to achieve a response to the mechanism of economic growth. Economic growth has been considered as one of the most relevant e- nomic policy. As it is well known, the validity of an economic policy is measured in terms of economic growth rate. It is supposed that those countries that obtain a higher economic growth rate are designing more efficient economic policies than those that show lower rates. The main corollary to this hypothesis is that the developing countries must follow and copy the economic policies designed by the developed countries.
Edited by two leading scholars who have been instrumental in the shaping of current thinking in the field of regional and industrial economics, this volume brings together a range of theoretical and empirical contributions that analyze and explain distinct patterns of regional development, and the successes and failures in this regard, across the world. A mixture of theoretical insights and empirical and comparative evidence, it links these findings to on-going policy debates that attempt to understand the success and failure of distinct regions through particular models of institutions and patterns of governance. International in appeal and scope, this book is an invaluable tool for students of all levels studying economics, economic geography, regional development, development studies, international business, international political economy, development sociology and public administration.
The authors of this comprehensive book provide a detailed rationale and original theory for the study of leadership and institutional factors, including entrepreneurship, in the growth and development of cities and regions. They demonstrate why leadership, institutions and entrepreneurship can – and indeed do – play a crucial enhancing role as key elements in the process of regional endogenous growth. The so-called 'new growth theory' emphasizes endogenous processes. While some of the literature refers to leadership and institutional factors, there has been little analysis of the explicit roles these factors play in the growth and development of cities and regions. This book remedies that gap, beginning with a brief overview of the evolution of the 'new growth theory' in regional economic development, in which the emphasis is on endogenous factors. The book then discusses leadership and institutional factors in that context, creating a new path for understanding regional economic development processes. Multiple case studies from different parts of the world illustrate the theoretical concepts.Students and scholars in regional development, planning and public policy will find this volume invaluable.
