A History of American State and Local Economic Development presents the history of American local and state economic development from 1790 to 2000. This multi-variable, multi-disciplinary history employs a bottom-up policy-making systems approach through three eras of American state and local economic development. The history offers insight into why the practice and profession evolved as it has and comments on its present-day complexity. It stresses mainstream economic and community development as an output of jurisdictional policy systems driven by political culture and three key forces of change--industry/sector profit cycle, population mobility, and three competitive urban hierarchies--which continue to impact policy-making. With several chapters on each major US region, this book observes two macro political cultures, Privatism and Progressivism, that have persisted since the Early Republic and have inspired two often-conflicting approaches to confront urban growth and decline. The model employed to organize and explain the evolution of American state and local economic development puts great stress on the three 'competitive hierarchies' (urban, metropolitan, and global) - the last anticipating and incorporating populism and the future election of Donald Trump. The discussion concerning political culture and the Big Sort also reflects implications from the 2016 election. This history of American state and local economic development will be of main interest to the academic community and economic development professionals, particularly those in political science, public policy, history, economics, planning, urban sociology, and geography. Research institutes, policy institutes, and NGOs will also find value in the comprehensive history.
The contributors discuss alternative methods of financing state and local economic development, including the role of venture capital in urban development, the role of banking institutions in encouraging the growth of small business, and the place of pension funds in economic growth.
Since the 1970s, advanced societies have experienced inflation, rising unemployment and the instability of exchange rates. Macroeconomic policy instruments have shown their limits, while transnational corporations have never been more powerful. Within nation-states, regions and localities are searching for alternative economic growth.
Publisher: International City County Management Assn
Category: Business & Economics
Nine case studies reflecting major economic development activities¿redevelopment, planning, balancing values and politics, and comparing costs and benefits. Suitable for use in a classroom and as stimulating discussion material in a local government setting, these cases set forth typical dilemmas facing local government managers¿short term vs. long term advantage, the development-social equity balance, and costs vs. benefits. All depend on strong leadership and clear reasoning for successful resolution.Most cases are described by the managers who were involved in the actual situations, thereby presenting the issues as they were perceived by decision makers involved. Both fact and theory are presented, and discussion questions suggested.
In economic development, theory and practice exist as two seemingly separate realities. Academics strive to develop or refine theory by drawing on abstract concepts about the way people behave and institutions work, while practitioners draw from a stock of experiences. By bringing together leading theorists and practitioners such as Blakely, Blair, McCann, Luger, Gunder, Stough and Stimson, this book provides the first comprehensive overview of local economic development theories for over fifteen years. It explores the theory behind the key concepts that every economic practitioner must understand and in doing so, ties together the various theories from across the disciplines to practice.
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.
Sport, including minor league baseball, is an object of public policy. Communities can exploit it to promote economic and social well-being, but not without risk. Drawing on case studies of fifteen locales including Fresno, Birmingham, Durham, Buffalo, Indianapolis, and Colorado Springs, Arthur Johnson systematically analyzes the political process by which communities decide to invest in stadiums for minor league baseball teams. He explores such factors as the presence or absence of a development strategy as a guide in decision making, and the value to a community of a minor league team and its stadium. Johnson also describes the dynamics of minor league baseball franchise relocation, the importance of intergovernmental relations to stadium financing, and the organization and business of minor league baseball, including its formal relationship with major league baseball.
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 book looks at the future role of local economic development. Once New Labour came to power in 1997, they sought a third way between the new right agenda of Thatcherism with its attempts to reduce the role of the local state and foster a free market and the left’s attempts to take more control over the local economy in the interest of workers. In July 2007, Gordon Brown’s government published the 'Review of Sub-national Economic Development and Regeneration'. This book argues that competitiveness and neo-liberalism, or increased market domination over an ever wider range of social relations, have in reality dominated New Labour’s policies. Yet a number of contradictions remain as New Labour continues to seek a reduction in poverty and regional and local disparities. The book analyses the changes that will result from further market domination under the Sub-national Review but also the opportunities that will arise for local economic development agents, particularly those with a concern for social justice. It looks specifically at regional and sub-regional strategy making; partnership, networking and building institutional capacity; local labour market policy and policy towards cities. An additional feature of the book is that several authors draw on international comparisons. This book was published as a special issue of Local Economy.