Economic Development And Planning

Written by authors with years of academic, regional, and city planning experience, the classic Planning Local Economic Development has laid the foundation for practitioners and academics working in planning and policy development for generations. With deeper coverage of sustainability and resiliency, the new Sixth Edition explores the theories of local economic development while addressing the issues and opportunities faced by cities, towns, and local entities in crafting their economic destinies within the global economy. Nancey Green Leigh and Edward J. Blakely provide a thoroughly up-to-date exploration of planning processes, analytical techniques and data, and locality, business, and human resource development, as well as advanced technology and sustainable economic development strategies.

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.

Exploring the theories of local economic development that are relevant to dilemmas facing communities today, this third edition expands on issues such as the planning process, analytical techniques and high-technology strategies.

Economic development transforms a traditional dual-system society into a productive framework in which everyone contributes and from which receives benefits accordingly. Economic development occurs when all segments of the society benefit from the fruits of economic growth through economic efficiency and equity. Economic efficiency will be present with minimum negative externalities to society, including agency, transaction, secondary and opportunity costs. An economic development plan is a carefully built framework that's long-term in scope. It's used to help communities across diverse situations. When planning for economic development, the goal is to create and maintain a strong, vibrant local economy. Local government economic development planning is part of a region's overall economic development strategy and involves intergovernmental coordination. The economic development plan provides a comprehensive overview of the economy, sets policy direction for economic growth, and identifies strategies, programs, and projects to improve the economy. Economic planning, the process by which key economic decisions are made or influenced by central governments. It contrasts with the laissez-faire approach that, in its purest form, eschews any attempt to guide the economy, relying instead on market forces to determine the speed, direction, and nature of economic evolution. Finally, the author reminiscences on the excitement that was aroused during the initial period of development planning as well as decline in the expectations from the planning process and its importance. This book imparts the basic information about the economic development and planning of the world.

Regional economic development has attracted the interest of economists, geographers, planners and regional scientists for a long time. And, of course, it is a field that has developed a large practitioner cohort in government and business agencies from the national down to the state and local levels. In planning for cities and regions, both large and small, economic development issues now tend to be integrated into strategic planning processes. For at least the last 50 years, scholars from various disciplines have theorised about the nature of regional economic development, developing a range of models seeking to explain the process of regional economic development, and why it is that regions vary so much in their economic structure and performance and how these aspects of a region can change dramatically over time. Regional scientists in particular have developed a comprehensive tool-kit of methodologies to measure and monitor regional economic characteristics such as industry sectors, employment, income, value of production, investment, and the like, using both quantitative and qualitative methods of analysis, and focusing on both static and dynamic analysis. The 'father of regional science', Walter lsard, was the first to put together a comprehensive volume on techniques of regional analysis (Isard 1960), and since then a huge literature has emerged, including the many titles in the series published by Springer in which this book is published.

Underdevelopment and planning; The conditions of poverty and the prospects for progress; The role of planning; Quantitative planning techniques; Sector policies; Planning in practice.