1st Edition
Globalization, Planning and Local Economic Development
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.
List of figures
List of tables
List of boxes
Preface
Acknowledgments
List of abbreviations
CHAPTER 1 Introduction
1.1 Planning for economic development
1.2 New models of thinking about local economic development
1.3 Generating more prosperous communities
1.4 Conclusion
Key messages
CHAPTER 2 The challenge of local economic development
2.1 San Diego
2.2 Washington, DC
2.3 Chattanooga
2.4 Concordia, Kansas
2.5 Conclusion
Key messages
CHAPTER 3 Why places grow
3.1 Understanding the drivers of growth
3.2 The analysis of current growth patterns
3.3 Regional competitiveness
3.4 Conclusion 46
Key messages 47
CHAPTER 4 The components of local growth in the 21st century
4.1 Connectivity and the global economy
4.2 Innovation and the knowledge economy
4.3 Agglomeration economies – does size matter in the 21st century?
4.4 Population processes and human capital
4.5 Institutions and institutional dynamics
4.6 Conclusion
Key messages
CHAPTER 5 Exogenous development: fast-tracking growth
5.1 Exogenous or endogenous development?
5.2 Industrial recruitment and retention
5.3 Foreign direct investment
5.4 Assessing externally led growth
5.5 Conclusion
Key messages
CHAPTER 6 Endogenous development: building the economy from the ground up
6.1 Encouraging endogenous development
6.2 Conclusion
Key messages
CHAPTER 7 Amenity, branding and economic growth
7.1 Conclusion
Key messages
CHAPTER 8 Assessing the region and data-driven strategic economic development planning
8.1 Data-driven economic development planning
8.2 Data for economic development planning
8.3 Methods of data analysis
8.4 Target industry analysis
8.5 Program evaluation
8.6 Conclusion
Key messages
CHAPTER 9 Planning and coordinating economic development
9.1 Strategic planning
9.2 Working with government agencies
9.3 Mobilizing community resources
9.4 Conclusion
Key messages
CHAPTER 10 Land use planning and economic development
10.1 Historical perspective
10.2 The mechanisms of land use regulation
10.3 Impacts of land use regulation on economic development
10.4 New urban designs and economic development
10.5 Summarizing the impacts of land use regulation on economic development
10.6 Conclusion
Key messages
CHAPTER 11 The profession of economic development
11.1 Economic development in global perspective
11.2 Professional associations
11.3 Employment opportunities
11.4 Conclusion
Key messages
CHAPTER 12 Future challenges and strategies in economic development
12.1 A future economy, the future of economic development practice
12.2 The e-economy and economic development
12.3 Conclusion
Key messages
Index
Biography
Andrew Beer is Dean, Research and Innovation at the University of South Australia Business School. He previously worked at the University of Adelaide and the Flinders University of South Australia, and holds a Bachelor of Arts from the University of Adelaide and a PhD from the Australian National University.
Terry L. Clower is the North Virginia Chair and Professor of Public Policy at George Mason University’s Schar School of Policy and Government. He is also Director of GMU’s Center for Regional Analysis, the most widely recognized university-based regional economic research unit in the National Capital Region. Previously he was the Director of the Center for Economic Development and Research at the University of North Texas.
'Place matters! This red thread through this textbook written by two recognized scholars calls for active care and smart governance for cities and regions. This fine opus offers practical and pedagogical guidelines for professionals and students in urban and regional planning. Both the local and the global arena of competitiveness and of endogenous and external forces are systematically and comprehensively mapped out. This book is a great source of new insights in place-based policy strategies.' – Peter Nijkamp, Universiteit Jheronimus Academy of Data Science (JADS), The Netherlands
'This book is highly recommended in understanding what is happening locally and globally in planning and economic development. It will be a hugely helpful source of information and insight for those going into – or already working in – careers in economic development, urban planning, transport planning, spatial data analysis and applied economic analysis, and indeed the wider world of public policy. Clear, well written, great coverage and with many interesting examples – a must-read.' – David Bailey, Aston Business School, Aston University, UK‘I strongly recommend this book to all those interested in better understanding economic development at the local, community or regional scales, as well as in accessing an updated and comprehensive toolkit of economic development knowledge, techniques and strategies.’ — Eduardo Medeiros, Instituto Universitário de Lisboa, Portugal, Regional Studies (2020)
