Controversies In Local Economic Development

Efforts to promote the economic development of individual localities engage the attention of academics, students and professionals. Many such analysts argue that competitive advantage can be fostered within local economies, complimenting the advent of a more globalised economy. Intensified efforts to build new economic foundations show no sign of abating despite the apparent increase in the international mobility of businesses and employment. Unpicking the arguments supporting different strategies for promoting local economic development, Controversies in Local Economic Development is an introductory guide to some of the major ideas and policy tools that have influenced academic debate and development practice. Taking the view that economic processes are mechanisms that promote desired outcomes only in particular contexts, the book asks questions of both academic debates and the prescriptions of policy experts.

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.

Presenting state-of-the-art theoretical positions on important development issues such as the inner city, technological innovation and rebuilding economic infrastructure are explored in this volume. The contributors to this volume, drawn from various social science backgrounds, explore a variety of theories and examine them in relation to the practical actions of local economic development.

Poverty, inequality, violence, environmental degradation, and tyranny continue to afflict the world. Ethics of Global Development offers a moral reflection on the ends and means of local, national, and global efforts to overcome these five scourges. After emphasizing the role of ethics in development studies, policy-making, and practice, David A. Crocker analyzes and evaluates Amartya Sen's philosophy of development in relation to alternative ethical outlooks. He argues that Sen's turn to robust ideals of human agency and democracy improves on both Sen's earlier emphasis on 'capabilities and functionings' and Martha Nussbaum's version of the capability orientation. This agency-focused capability approach is then extended and strengthened by applying it to the challenges of consumerism and hunger, the development responsibilities of affluent individuals and nations, and the dilemmas of globalization. Throughout the book the author argues for the importance of more inclusive and deliberative democratic institutions.

This textbook looks at economic development at the local, community or regional scale. It provides students with a comprehensive introduction to contemporary thinking about locally-based economic development, how growth can be planned and how that development can be realized. Globalization, Planning and Local Economic Development: • Provides students with a thorough understanding of current debates around local and regional development and how that body of work can assist them in helping communities grow; • Equips students with a ‘toolkit’ of strategies that enable them to both plan for development and deliver that development through their professional lives; • Offers a roadmap for economic development that helps students make sense of place-based development by providing a ‘meta narrative’ of how regions grow and how those processes can be enhanced. This integrating perspective will be organized around the concept of competitiveness and how that concept can be understood and operationalized in various ways; • Introduces students to a range of techniques essential to success in economic development planning. In addition to a wealth of case studies and pedagogical features in the book, this text is also complemented by online resources. In offering a full toolkit of economic development knowledge, techniques and strategies, this text will thoroughly prepare students for a career in urban planning, transport planning, human geography, applied economic analysis, geographic information systems, or work as an economic development practitioner.

Initiated and governed by property or business owners under the authorization of state and local governments, business improvement districts (BIDs) have received a very mixed reception. To some, they are innovative examples of self-governance and public-private partnerships; to others, they are yet another example of the movement toward the privatization of what should be inherent government responsibilities. Among the first books to present a collection of scholarly work on the subject, Business Improvement Districts: Research, Theories, and Controversies brings together renowned leaders in the field to compile the highest-quality theoretical, legal, and empirical studies into one comprehensive volume. Investigating fundamental concerns at the core of the debate, as well as potential solutions, this groundbreaking resource: Tackles the need for improved problem solving and efficiency in service delivery Examines new and innovative policy tools for both the public and private sectors Evaluates whether BIDs do ignore the needs and voices of residential property owners Discusses the challenge created by social segregation in cities Addresses lack of accountability by BIDs to the public and elected representatives From different perspectives, leading practitioners and academics analyze the pros and cons of BIDs both in the United States and around the world. They look at their impact on urban planning and retail revitalization, consider their legal implications, and explore ways to measure BID performance. Filled with case studies of urban centers including San Diego, Atlanta, New York, Toronto, and Capetown, and state models such as New Jersey and Pennsylvania, this examination bring together essential information for researchers as well as those leaders and policy makers looking to adopt a BID model or improve one already in place.

Provides a comprehensive look at local economic development and public policy, placing special emphasis on quality of life and sustainability. It draws extensively on case studies, and includes both mainstream and alternative perspectives in dealing with economic growth and development issues. The contributions of economic theories and empirical research to the policy debates, and the relationship of both to quality of life and sustainability are explored and clarified.