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Mainstream economists have given insufficient attention to regional and urban economics and economic geography. Comparing nations in the European Union and North America, this book examines government activities aimed specifically at regional economic development. It provides a wide ranging consideration of numerous facets of regional economic development, encompassing both national and subnational levels. Proposing that a period of economic prosperity is the best time to invest in regional development, the author indicates the need for a direct role by the federal government. The study is based on a review of the U.S., Canada, and Mexico, the European Union, and supranational organizations, such as NAFTA and the WTO, and their internal impact on regions. The comparison shows that the U.S. lags dramatically behind the European Union. The EU, particularly the Western European countries, has long been in the forefront of regional policy and is actively formulating policy, whereas the U.S. has no semblance of a federal regional policy.
Comparing economic development in a regional context both in the South of the United States and in the European Union today raises many fascinating questions. How much money in the form of tax credits and subsidies should communities and states invest to attract foreign investors in the U.S.? Should individual states and communities in the U.S. commit public funds in the form of tax money and tax credits etc. to bring foreign businesses to their shores? Is the argument of bringing “jobs” and more employment home the only argument that should count politically? Or might these generous subsidies doled out to foreign businesses from public funds deprive local populations from improving their infrastructure and public education? What if these foreign investors then locate to other shores if their investments are not profitable enough in the short run? Might foreign investors come to the American South because it has never been unionized like the rest of the country? Is the attraction of the non-union South then only a means to get away from the burdens of stricter worker protection and social programs at home in Germany or Austria or elsewhere?
Economic integration is one of the most noteworthy issues in international economic policy at the end of the twentieth century. The recent examples of the European Union (EU) and the North American Free Trade Association (NAFTA) have raised important questions about the economic integration process and the possible establishment of economic unions in other parts of the world. Against the backdrop of the financial crisis in Europe and prospects of increasing integration in Asia, this volume showcases research from an international array of researchers to provide a basic understanding of the current issues, problems, challenges, and opportunities for achieving integration, addressing both empirical and theoretical aspects of such topics as monetary union, social policy reform and social union, public finance and technology policy. The chapters in Part 1 are focused primarily on economic issues, while Part 2 covers on social policy, the welfare state, and political reforms, with a particular emphasis on the European Union. Among the questions addressed: What are the main determinants and implications for socio-economic integration? How can economic policy influence the growth and integration process? Why is innovation important for regional economic development? What has been the policy response so far and what lessons have we learned from it? And finally, what are our action lines for the future?
The Handbook of Local and Regional Development provides a comprehensive statement and reference point for local and regional development. The scope of this Handbook’s coverage and contributions engages with and reflects upon the politics and policy of how we think about and practise local and regional development, encouraging dialogue across the disciplinary barriers between notions of ‘local and regional development’ in the Global North and ‘development studies’ in the Global South. This Handbook is organized into seven inter-related sections, with an introductory chapter setting out the rationale, aims and structure of the Handbook. Section one situates local and regional development in its global context. Section two establishes the key issues in understanding the principles and values that help us define what is meant by local and regional development. Section three critically reviews the current diversity and variety of conceptual and theoretical approaches to local and regional development. Section four address questions of government and governance. Section five connects critically with the array of contemporary approaches to local and regional development policy. Section six is an explicitly global review of perspectives on local and regional development from Africa, Asia-Pacific, Europe, Latin America and North America. Section seven provides reflection and discussion of the futures for local and regional development in an international and multidisciplinary context. With over forty contributions from leading international scholars in the field, this Handbook provides critical reviews and appraisals of current state-of-the-art conceptual and theoretical approaches and future developments in local and regional development.
At a time of extraordinary challenges confronting the world, this book analyses some of the profound changes occurring in the development of cities and regions. It discusses the uncertainties associated with the stalling of hyper-globalization and asks whether this creates opportunities for resurgent regional economies driven by local capabilities, resource efficiencies and domestic production. Theory and evidence on socio-economic and environmental transitions underway in many regions are brought together. Implications of the shifting balance of global power towards emerging economies in the East are explored, along with the consequences of urbanization in the global South for politics and democracy. Dilemmas surrounding migration are also discussed, including whether incomers displace local workers and depress wages, or bring benefits in the form of know-how, new technology and investment. More integrative concepts of the region and theories of regional development are analysed, recognising the role of human capital, knowledge, innovation, finance, infrastructure and institutions. This was originally published as a special issue of Regional Studies.
Regional development strategies have become the focus of attention in many countries in the 1990s. This textbook provides a conceptual, theoretical and empirical analysis of regional development strategies within a European context It examines the various regional development strategies which are currently being pursued within the regions of Europe - defined in its loosest term to include East and West. The book describes how many different European regions are attempting to reduce regional disparities by engaging themselves in coherent and focused regional development strategies, and there is also private sector approach to regional economic development. There are many case studies from Europe and from other parts of the world, including Japan, thereby providing lessons that different countries and regions can learn form each other.
Examining the effects of economic and political restructuring on regions in Europe and North America, the main themes here are: international economic restructuring; political realignments questions of territorial identity; and policy choices and policy conflicts in regional development.
This book examines emerging hypotheses, new methods and theoretic developments in regional economic development. It offers a diverse set of case studies, ranging from a focus on Europe, Central and East Asia and North America.