Economic development encompasses a wide range of concerns. As practiced at the local level it is a technique-dominated field concerned with increasing jobs and the tax base, primarily by marketing the location to prospective and existing employers. The political culture in which most developers operate emphasizes short-term solutions. As such, the practice of economic development is strikingly similar across the United States as economic developers try to keep up with the competition.This book gives current and future economic developers and community leaders in the United States knowledge they can use to understand both the process and the practice of local economic development. The work presents an historical sketch of US development practice, as well as the fundamental definitions and concepts needed to understand economic development theory. It also discusses key theories of the local economic growth and development process.While most existing books on economic development theory are concerned with less-developed countries; the authors focus on the US from a practitioner's perspective. The book is organized to serve both as a text for in-service training or university courses and as a reference.
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.
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<p> "[W]ell-presented introductory text on basic models of economic growth, change, and development... Useful for students in planning, economics, and geography as well as in business administration, as an introduction to traditional economic theories that can be applied to location analysis, strategic business development, and public policy"</p> <p> —M. Hett, <em>APA Journal</em></p> <p> "Thoroughly researched, well written, scrupulously copyedited— a work that will be of enduring utility."</p> <p> —S. Loveridge, <em>Journal of Regional Science</em></p>
<p> <span lang=""EN""><strong>Emil E. Maliia, </strong>Ph.D., A.I.C.P., is Professor and Associate Chair of the Department of City and Regional Planning at the University of North Carolina at Chapel Hill. His research focuses on economic development, development finance, real estate development and market research, financial feasibility analysis, and fiscal and economic impact analysis. For three decades he has taught graduate-level and in-service courses and engaged in consulting for corporate, foundation, and community-based clients. Dr. Maliia is the author of four books, doens of scholarly articles, and numerous other publications. He has been affiliated with the U.S. Department of Labor, Georgia Tech, and MONY Real Estate Investment Management in New York. His economic development work abroad has taken him to Colombia, Jamaica, and Nova Scotia. For six years, Dr. Maliia assisted companies in securing debt and equity financing for real estate and business development projects. He holds a doctoral degree in regional planning from Cornell University.</span></p>||<p> <span lang=""EN""><strong>Edward J. Feser </strong>is Assistant Professor of City and Regional Planning at the University of North Carolina at Chapel Hill, where he teaches courses in economic development policy and urban spatial structure. His current research concerns methods for identifying spatial and functional industrial clusters, external economies and industrial productivity, regional influences on process technology adoption in manufacturing, and the development of improved data and spatial-analytical techniques for local development practice. He holds a Ph.D. from the University of North Carolina.</span></p
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