Text

An Introduction to Place-Based Development Economics and Policy

---

This book introduces the reader to local development economics and policy, with a special focus on the place-based paradigm that covers its justification, its difficulties and the types of public intervention that it suggests. The starting point for the analysis is that economic development in lagging places is not to be expected as the result of a mechanism of automatic convergence between backward and advanced regions and that, therefore, the most appropriate development policy is not to maximize competition among all agents in all sectors and places. The failure of the Washington Consensus is examined, and the two competing positions to have emerged from this failure – spatially blind interventions and place-based policies – are contrasted. The main shortcoming of spatially blind policies, namely that immobile resources that could trigger or support a development process often remain untapped or “trapped”, is emphasized. The limitations of the “big push” state intervention and wage flexibility solutions to this trap are analyzed and the merits of place-based policies that support intervention and can deal with uncertainty, risk and conflict are discussed.

---

Availability

No copy data

Detail Information

Series Title

-

Call Number

338.9 SER i

Publisher

Cham, Switzerland : Springer Cham., 2015

Collation

X, 144

Language

English

ISBN/ISSN

978-3-319-15377-3

Classification

338.9

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

Ed. 1

Subject(s)

Development Economics
Regional and Spatial Economics

Specific Detail Info

-

Statement of Responsibility

Gilberto Seravalli

Other Information

Cataloger

umi

Source

https://link.springer.com/content/pdf/10.1007/978-3-319-15377-3.pdf?pdf=button

Validator

-

Other version/related

File Attachment

Comments

---

You must be logged in to post a comment