Understanding Local Economic Development: Second Edition

This book provides insights into the process and practice of local economic development, demonstrating the relevance of theory to inform local strategic planning in the context of disparities in regional economic performance. It summarizes core theories, applies them to professional practice, and offers commentary. The second edition includes recent contributions and presents major ideas that inform economic development strategic planning, particularly in the US and Canada. It provides theoretical insights into why some regions thrive while others languish and why metropolitan economies rise and fall over time.

Format: Paperback / softback
Length: 294 pages
Publication date: 06 October 2020
Publisher: Taylor & Francis Ltd

This book offers insights into the process and the practice of local economic development. Bridging the gap between theory and practice it demonstrates the relevance of theory to inform local strategic planning in the context of widespread disparities in regional economic performance.

The book summarizes the core theories of economic development, applies each of these to professional practice, and provides detailed commentary on them. This updated second edition includes more recent contributions - regional innovation, agglomeration and dynamic theories – and presents the major ideas that inform economic development strategic planning, particularly in the United States and Canada. The text offers theoretical insights that help explain why some regions thrive while others languish and why metropolitan economies often rise and fall over time. Without theory, economic developers can only do what is politically feasible. This text, however, provides them with a logical tool for thinking about development and establishing an independent basis from which to build the local consensus needed for evidence-based action undertaken in the public interest.

Offering valuable perspectives on both the process and the practice of local and regional economic development, this book will be useful for both current and future economic developers to think more profoundly and confidently about their local economy.

The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

Weight: 478g
Dimension: 156 x 235 x 28 (mm)
ISBN-13: 9780367557393
Edition number: 2 New edition