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.
Markets, Urban Systems, and Local Development
Markets, Urban Systems, and Local Development
This chapter is focused on the economic relationship between places. Patterns of trade and information exchange form complex networks. These networks tend to overlap in cities. An area's place within a network influences its economic function and prospects.
First, the concept of a market area for a single product is developed. The second section describes how the production sites for a variety of products can result in a system of cities in which cities form a hierarchy with specialized functions and hinterlands. The third and fourth sections evaluate the theoretical model and consider its application in the global economy. The final section describes some techniques that can be used to measure the extent of market ...
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