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

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.