Summary
Contents
Subject index
Local economies are the building blocks for national ones. An updated and expansive core text, the Second Edition of Local Economic Development: Analysis, Practices, and Globalization provides a comprehensive introduction to the economics of local economic development. Delving into cutting-edge topics such as cluster analysis, creative class orientation, competitive advantage, social capital, business expansion and retention, and learning regions, this clearly written interdisciplinary text connects theories with real-life examples and offers the reader pragmatic tools for future application, including a valuable “how-to” understanding regarding important qualitative tools and their interpretation.
Importantly, this text is uniquely accessible to students who lack a background in the field of economics.
New to this Edition
Offers a global emphasis: Local economic development is clearly linked to national development throughout, making the text useful for adding an international component to traditional national economic development courses; Features an institutionalist focus: The text describes the ways political and the social environments interact with and influence the local development process, giving instructors opportunities to localize course material. It also addresses equity issues and the importance of interregional linkages, demonstrating the importance of an interdisciplinary approach; Demonstrates comparative versus competitive advantages: The author illustrates the changing perceptions of the sources of local advantages, given the dynamic global and technological environments; Provides valuable information on careers in the field: Students will learn about jobs where knowledge of local economic development is a primary or useful requirement, from opportunities as development officials in local agencies to banking to community development.
Intended Audience
This is an ideal core text for undergraduate and graduate students of economics, political science, geography, public administration, and urban and regional planning. It is also a valuable resource for economic development professionals, NGOs, County Commissioner offices and others involved in the economic aspects of local economic development.
Poverty and Lagging Regions
Poverty and Lagging Regions
Poverty reduction is an economic development goal with important spatial dimensions. Globally, poor countries tend to cluster in the Southern Hemisphere. Countries that are rather rich have less affluent regions. Urban areas have poverty neighborhoods. These lagging areas are the focus of special local economic development policies.
The first section discusses the types of poverty and its concentration among certain groups. Next, the causes of poverty are considered, followed by a discussion of the relationship between poor areas and the larger economy. The final section analyzes key policy issues.
The Nature of Poverty
Poverty can be associated with personal characteristics of the poor such as laziness or ill health. It also can be traced to characteristics of the local environment. Often ...
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