An Introduction to Place-Based Development Economics and Policy - Hardcover

Seravalli, Gilberto

 
9783319153766: An Introduction to Place-Based Development Economics and Policy
Hardcover
ISBN 10: 3319153765 ISBN 13: 9783319153766
Publisher: Springer, 2015

Synopsis

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.

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About the Author

Gilberto Seravalli was Full Professor of Development Economics at Parma University (Italy) until his retirement and he also taught at the University of California (Berkeley, United States) and directed the “Fondazione Nitti” residential school of advanced studies in development policies. Prof. Seravalli is a member of the PhD in Urban Studies Committee at GSSI – Gran Sasso Science Institute (Italy). He has published many books and articles on economic development, spatial economics and innovation.

From the Back Cover

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.

"About this title" may belong to another edition of this title.

Publisher
Springer
Publication date
2015
Language
English
ISBN 10 
3319153765
ISBN 13 
9783319153766
Binding
Hardcover
Number of pages
154

Other Popular Editions of the Same Title

9783319386591: An Introduction to Place-Based Development Economics and Policy

Featured Edition

ISBN 10:  331938659X ISBN 13:  9783319386591
Publisher: Springer, 2016
Softcover