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'Charlie Karlsson, Börje Johansson and Roger R. Stough have collected a set of important articles on some of the most important factors determining the growth of contemporary regional economies. the focus of the book is on important growth determinants that are almost never mentioned in the standard analyses of economic growth. Entrepreneurship is discussed from theoretical as well as empirical points of view. the role of social capital as well as institutional governance are highlighted in chapters that ought to be read by all economists interested in the economic growth and development of regions.' – Åke E. Andersson, Jönköping International Business School, Jönköping, Sweden 'This is an exceptional work that is the result of an outstanding selection of the best papers on agglomeration and innovation given at the 10th anniversary of the Udevalla conference. It is the finest set of conference papers I have seen in the past 25 years. These are artfully woven together into three primary areas. the first focuses on the role of knowledge and innovation in entrepreneurship, the second incorporates the institutional environment, while the third looks at the international context. I recommend this collection to academics, students and all who are interested in the role of creativity and innovation in entrepreneurial development. Not only are these the very best researchers in the field, but the materials are presented in a clear and concise manner, making it an outstanding base for advanced courses in this area. This work combines some of the best writings by top-notch authors sharing the sharpest insight into the complex area of the role of human capital in structuring agglomerative advantages. I take my hat off to the fine editorial work represented in this volume.' – Kingsley E. Haynes, George Mason University, US 'The book provides a remarkable contribution on the role of human capital as major creator of knowledge, interpreted as abilities, capabilities, methods, creativity and persistency in identifying and solving problems by collecting, selecting, interpreting and applying existing knowledge and information. the laws of increasing returns to human capital – among which are urban agglomerations as magnets which attract persons who embody knowledge – are conceptually searched and empirically verified. the book answers questions such as: Why do highly educated people, i.e. the carriers of human capital, tend to concentrate in large agglomerations?; What are the agglomerative forces?; and How does this agglomeration of human capital impact different types of economic activities and in particular their location behaviour? Important normative implications are thus derived from such a collected effort.' – Roberta Capello, Politecnico di Milano, Italy 'The Regional Economics of Knowledge and Talent, edited by Charlie Karlsson, Börje Johansson and Roger R. Stough brings together a wide range of cutting-edge studies and research on the role of talent in regional development. It is an important addition to our understanding of how knowledge, human capital, and talent shape the development of cities and regions across the globe.' – Richard Florida, University of Toronto, Canada This original and instructive new book defines and explores the concept of knowledge as the talent, skills, know-how and understanding embodied in individuals. the distinguished contributors advance the current research frontier in three novel directions which focus on: the role of human capital and talent for creativity, entrepreneurship and regional development; the role of institutions for the behaviour of firms and entrepreneurs; and the influence of the global context on the location, export and innovation behaviour of firms in a knowledge economy. They also address critical questions that underpin the emerging knowledge economy: • Why does human capital and talent tend to agglomerate in large urban regions? • How does this agglomeration affect the location of different types of economic activities? • How does this agglomeration affect regional growth? Presenting the state of the art in the field of knowledge economics, this book will prove a stimulating and challenging read for scholars and researchers with an interest in economics, business and management, and regional and urban studies.
In recent years, policy makers have given much credence to the role of entrepreneurship in the transformation of regions. As a result, a new set of policy responses have emerged that focus on the support of new venture creation, small business growth and idea generation and commercialization. While there is a wealth of research about entrepreneurship in general, less attention has been given to the development of new tools and programs in support of entrepreneurial activities, and to the ways in which the emergence, the character and the types of entrepreneurship policies might differ between countries. In particular, the transatlantic perspective is of special interest because of the pioneering role of the United States in this area, and also due to the European Union's focus on economic competitiveness. The contributions included in this book explore the emergence of entrepreneurship policies from a transatlantic comparative perspective and address different aspects of entrepreneurship policies including local entrepreneurship policies and the relationship between knowledge-based industries and entrepreneurship policies.
Putting forward a comprehensive view of knowledge with a specific perspective on place and space, this book provides a new perspective on the globalisation of knowledge. Crossing disciplinary boundaries, the principal agenda of this volume is to open up a perspective ’beyond knowledge’ - i.e. beyond the interpretation of knowledge as scientific-technical knowledge. Author Martina Fuchs introduces further kinds of knowledge and interpretation which influence managements’ perception of globalisation and therefore the knowledge which is going global. She refers to knowledge in the sense of experiences, competencies in the production and labour process, as well as mutually shared mental constructs which are embedded in a context of understanding and interpretation. Exploring beyond the meaning of worldwide knowledge as general open access knowledge, this book also discusses barriers to knowledge, problems of transfer, and the influence of governance and control.
The global race for talent is on, with countries and businesses competing for the best and brightest. Talented individuals migrate much more frequently than the general population, and the United States has received exceptional inflows of human capital. This foreign talent has transformed U.S. science and engineering, reshaped the economy, and influenced society at large. But America is bogged down in thorny debates on immigration policy, and the world around the United States is rapidly catching up, especially China and India. The future is quite uncertain, and the global talent puzzle deserves close examination. To do this, William R. Kerr uniquely combines insights and lessons from business practice, government policy, and individual decision making. Examining popular ideas that have taken hold and synthesizing rigorous research across fields such as entrepreneurship and innovation, regional advantage, and economic policy, Kerr gives voice to data and ideas that should drive the next wave of policy and business practice. The Gift of Global Talent deftly transports readers from joyous celebrations at the Nobel Prize ceremony to angry airport protests against the Trump administration's travel ban. It explores why talented migration drives the knowledge economy, describes how universities and firms govern skilled admissions, explains the controversies of the H-1B visa used by firms like Google and Apple, and discusses the economic inequalities and superstar firms that global talent flows produce. The United States has been the steward of a global gift, and this book explains the huge leadership decision it now faces and how it can become even more competitive for attracting tomorrow's talent. Please visit www.hbs.edu/managing-the-future-of-work/research/Pages/default.aspx to learn more about the book.
The contributions in this volume extend our understanding about the different ways distance impacts the knowledge conversion process. Knowledge itself is a raw input into the innovation process which can then transform it into an economically useful ou
The regional and urban development policy of the European Union, or more precisely, EU Cohesion Policy, is undergoing change. This development is driven by the enormous transformations in European regions and by shifts in thinking and analysis. The iss
We have, in recent decades, been able to witness a veritable revolution in the world economy, known as ‘globalization’. Generally, the term is connected to the rapid increase of the free movement of goods, capital, people, ideas, information and knowledge around the globe. This book contributes to the meso- and micro-economic literature on innovation and entrepreneurship in the global economy.
ÔThis book by Westlund and Kobayashi emphasises the fact that the gap between urban and rural areas is no longer relevant today: all places and regions are under a strong influence from cities. The authors show in a straightforward way that the continuum between more and less urbanized places requires new types of regulations, based on innovation and local skills, and that rural policies cannot be based on agriculture only but primarily require the mobilization of local social capital links.Õ Ð AndrŽ Torre, INRA Ð Agroparistech, Paris, France ÔÒRuralÓ communities are not all resource dependent and very low-density places. Not all have people leaving in droves and no newcomers. This bookÕs theoretical arguments and case studies (from five countries) help one understand better the diversity of ÒruralÓ. We find population gainers, population losers; newcomers and long-term ÒstayersÓ together in sizable towns; Aboriginal communities where out-migration is limited. The diversity is a key dimension in the analyses of public and private action to build and maintain social capital.Õ Ð Roger E. Bolton, Williams College, US ÔThis amazingly surprising book takes the popular topic of social capital and provocatively examines the contemporary rural development issue. New social capital driven thinking and insights are applied globally from a conceptual frame and locally with examples. The way forward for both urban and rural development is achieved when the variables that define social capital are simultaneously balanced around focused development objectives. Examples show how a multidimensional view of social capital enables meaningful rural development.Õ Ð Roger R. Stough, George Mason University, US Social capital is often considered a key factor for local development. This book analyzes the role of social capital for rural areasÕ survival and development in the current age of metropolitan growth Ð an era in which urban is the norm and where rural areas must adapt to this new situation and build innovative urban-rural relations. The traditional division between ÔruralÕ and ÔurbanÕ is no longer valid in the knowledge society. Instead of being a homogeneous unit based on primary sector production, the countryside in the developed world increasingly consists of areas with very different development paths. With examples from Europe, Asia and America, the book discusses building and renewal of rural social capital from both bottom-up and top-down perspectives, and from the standpoint of business, and both the public and private sectors. Being the first book to treat social capital and rural development in the age of megacities and the knowledge economy, it will be of great benefit to academics interested in social capital research and rural development.
The first fifteen years of the 21st century have thrown into sharp relief the challenges of growth, equity, stability, and sustainability facing the world economy. In addition, they have exposed the inadequacies of mainstream economics in providing answers to these challenges. This volume gathers over 50 leading scholars from around the world to offer a forward-looking perspective of economic geography to understanding the various building blocks, relationships, and trajectories in the world economy. The perspective is at the same time grounded in theory and in the experiences of particular places. Reviewing state-of-the-art of economic geography, setting agendas, and with illustrations and empirical evidence from all over the world, the book should be an essential reference for students, researchers, as well as strategists and policy makers. Building on the success of the first edition, this volume offers a radically revised, updated, and broader approach to economic geography. With the backdrop of the global financial crisis, finance is investigated in chapters on financial stability, financial innovation, global financial networks, the global map of savings and investments, and financialization. Environmental challenges are addressed in chapters on resource economies, vulnerability of regions to climate change, carbon markets, and energy transitions. Distribution and consumption feature alongside more established topics on the firm, innovation, and work. The handbook also captures the theoretical and conceptual innovations of the last fifteen years, including evolutionary economic geography and the global production networks approach. Addressing the dangers of inequality, instability, and environmental crisis head-on, the volume concludes with strategies for growth and new ways of envisioning the spatiality of economy for the future.
This book questions the way contemporary innovation processes develop and become embedded in territories. It analyses recent developments in territorial systems of production, networks of innovation and innovative milieus, with regard to the issue of sustainable development. Drawing on 12 case studies aimed at fostering sustainable development and conducted by an experienced team of international scholars, a new conceptual approach to sustainable innovation is proposed. More broadly, it also reassesses the development models proposed in the 1980s that emerged in the context of globalization, competitiveness and technological innovation.