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This book investigates the EU’s regional growth dynamics and, in particular, the reasons why peripheral and socio-economically disadvantaged areas have persistently failed to catch up with the rest of the Union. It shows that the capability of the knowledge-based growth model to deliver its expected benefits to these areas crucially depends on tackling a specific set of socio-institutional factors which prevents innovation from being effectively translated into economic growth. The book takes an eclectic approach to the territorial genesis of innovation and regional growth by combining different theoretical strands into one model of empirical analysis covering the whole EU-25. An in-depth comparative analysis with the United States is also included, providing significant insights into the distinctive features of the European process of innovation and its territorial determinants. The evidence produced in the book is extensively applied to the analysis of EU development policies.
In a period of deep economic, social, and political transformation, regional disparities seem to be particularly resistant to change. The emergence of a global economy, the shift in production methods, and the greater mobility of capital, labour, and raw materials have not brought about a radical reshuffling of the prevailing regional disparities. There is a greater concentration of economic activity in core areas and very few peripheral regions are taking advantage of the process of global restructuring. The Dynamics of Regional Growth in Europe looks for the reasons behind this persistence in the social, political, and institutional arrangements of a large set of European regions, by trying to relate two scientific approaches concerned with regional economic performance, which share very little in common: the literature on socio-economic restructuring and structural change, and neoclassical and endogenous growth theories. OXFORD GEOGRAPHICAL AND ENVIRONMENTAL STUDIES AIMS TO PUBLISH THE BEST ORIGINAL RESEARCH STUDIES IN THE RELATED FIELDS OF GEOGRAPHY AND ENVIRONMENTAL STUDIES. IT'S SCOPE IS INTERNATIONAL, PRESENTING A BROAD AND DIVERSE RANGE OF SCHOLARLY APPROACHES FROM ACROSS THE WORLD. SERIES EDITORS: GORDON CLARK, ANDREW GOUDIE, AND CERI PEACH
This text attempts to relate two scientific approaches concerned with regional economic performance that share little in common: the literature on socio-economic restructuring and structural change, and neoclassical and endogenous growth theories.
After a description of the new forms of globalization currently shaping our world, and of their possible spatial effects, the book highlights which European regions have in the past succeeded in taking advantage of globalization trends and identifies the major reasons for their success. The book also offers a prospective analysis utilizing scenarios based on different assumptions of how globalization trends will develop, identifying the regional winners and losers for each scenario. The analysis greatly benefits from a unique database which contains, among others, data on FDI by sector and professions at the regional Nuts-2 level for all 27 EU countries. A time-span of more than 10 years is covered, and scenarios are developed for the future development up to 2020.
European Regional Growth is the result of three major influences. First, the ongoing integration of the European regional economies and the need to understand what this means for European economic and social cohesion. Second, the development of geo-economic theories. Third, the development of techniques of spatial data analysis, simulation, data visualization and spatial econometrics. The outcome is a collection of chapters that apply these methods, motivated by a variety of theoretical positions. The book provides powerful and detailed analyses of the causes of income, productivity and employment variations across Europe's regions, and insights into their future prospects.
This book provides an up-to-date assessment of the main processes and dilemmas of regional development and regional policy in the newer European Union Member States in Central and Eastern Europe and neighbouring countries. It highlights the difficulties of balancing the demands within the new Member States for rapid regional growth and development with, firstly, the demands of the European Union overall that restructuring and development should conform to the aims and principles of EU common policies; and, secondly, with budgetary constraints. The book covers a wide range of issues, including global and national challenges to regional convergence and cohesion; regional dynamics, city networks and border issues; the effectiveness of policy responses at national and European levels, including an assessment of policy experiences from outside the new Member States; and likely future developments.
This title was first published in 2003. This work intends to make an important and interesting contribution to the wider debate on European regional development. It looks beyond the confines of the EU proper and combines interesting and relevant case studies from a broader pan-European perspective. Also, the approaches adopted are informed by a variety of theoretical positions. By addressing the changing roles of SMEs in different regions of Eastern Europe, readers should gain insights into the different dimensions of SME development and the link between SMEs and regional growth.
'Global trends and local effects have been almost ubiquitous since the 1980s. However, few, like this book, have successfully examined the local effects of global trends and processes. Each of this book's ten chapters provides an empirically based analysis that illuminates the local effects driven by global forces.' – Roger Stough, George Mason University, US This timely book investigates the challenges that emerge for local economies when faced with the new globalization trends that characterize today's world economy. In this instance, globalization is interpreted as a process of internationalization of production and markets which can take various forms – such as increasing international trade or increasing foreign direct investments – all of which give rise to the growing integration and interdependency of European economies with regard to the other main world economies. the expert contributors use a fresh perspective in their analysis of globalization trends, emphasizing recent changes and providing an up-to-date picture of current developments in both foreign investments and the consequent migration of human capital. Qualitative rather than quantitative trends in human capital and financial capital flows are taken into account, with a particular focus on their impacts on regional growth perspectives. Highlighting the European economy's strengths and weaknesses in facing the challenges of the new globalization trends, this book will provide a stimulating read for a wide-ranging audience encompassing scholars of regional science, regional economics, economic and regional geography, international economics and international business.
The book aims to present “traditional features” of regional science (as geographical concepts and institutions), as well as relatively new topics such as innovation and agglomeration economies. In particular it demonstrates that, contrary to what has been argued by recent economics literature, both geography and institutions (or culture) are relevant for local development. In fact, these phenomena, along with the movement of goods and workers, are among the main reasons for persisting development differentials. These intriguing relationships are at the heart of the analysis presented in this book and form the conceptual basis for a promising institutional approach to economic geography.