Michael Storper, Thomas Kemeny, Naji Philip Makarem, and Taner Osman
- Published in print:
- 2015
- Published Online:
- May 2016
- ISBN:
- 9780804789400
- eISBN:
- 9780804796026
- Item type:
- chapter
- Publisher:
- Stanford University Press
- DOI:
- 10.11126/stanford/9780804789400.003.0006
- Subject:
- Business and Management, Innovation
Regional economic development is shaped by many policies, which are implemented by national governments, regional and state governments, and local governments. But local economic development policies ...
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Regional economic development is shaped by many policies, which are implemented by national governments, regional and state governments, and local governments. But local economic development policies in Greater Los Angeles and the San Francisco Bay Area since 1970 had little to do with the economic divergence of these two regions. In reality, many so-called economic development policies have little to do with economic development as such, instead emphasizing land use changes and competition for sales tax revenue rather than industry and job development. Many of the problems with local planning and development policies in the United States in general are exemplified by the comparison of the San Francisco Bay Area and Greater Los Angeles.Less
Regional economic development is shaped by many policies, which are implemented by national governments, regional and state governments, and local governments. But local economic development policies in Greater Los Angeles and the San Francisco Bay Area since 1970 had little to do with the economic divergence of these two regions. In reality, many so-called economic development policies have little to do with economic development as such, instead emphasizing land use changes and competition for sales tax revenue rather than industry and job development. Many of the problems with local planning and development policies in the United States in general are exemplified by the comparison of the San Francisco Bay Area and Greater Los Angeles.
Michael Storper, Thomas Kemeny, Naji Philip Makarem, and Taner Osman
- Published in print:
- 2015
- Published Online:
- May 2016
- ISBN:
- 9780804789400
- eISBN:
- 9780804796026
- Item type:
- chapter
- Publisher:
- Stanford University Press
- DOI:
- 10.11126/stanford/9780804789400.003.0010
- Subject:
- Business and Management, Innovation
High-wage specialization comes from a complex sequence involving entrepreneurship, encouragement by local robust actors or leaders, breakthrough innovations, new organizational practices, the ...
More
High-wage specialization comes from a complex sequence involving entrepreneurship, encouragement by local robust actors or leaders, breakthrough innovations, new organizational practices, the emergence of supportive overall relational infrastructure and networks, the proliferation of new specialized brokers and dealmakers, the diffusion of conventions or rules of thumb for doing business in new ways, and ultimately the consolidation of major firms. What is common to all processes of successful respecialization of a region’s economy is the emergence of the right kinds of networks, organizational practices, worldviews, and beliefs for the region’s evolving economic specializations. It is crucial to align understandings and change expectations so as to change policy agendas and to open up new forms of private action. When regional conversations are outdated, the process of organizational adjustment is stymied, as it has been in Los Angeles for 40 years. Old conversations must not crowd out new ones.Less
High-wage specialization comes from a complex sequence involving entrepreneurship, encouragement by local robust actors or leaders, breakthrough innovations, new organizational practices, the emergence of supportive overall relational infrastructure and networks, the proliferation of new specialized brokers and dealmakers, the diffusion of conventions or rules of thumb for doing business in new ways, and ultimately the consolidation of major firms. What is common to all processes of successful respecialization of a region’s economy is the emergence of the right kinds of networks, organizational practices, worldviews, and beliefs for the region’s evolving economic specializations. It is crucial to align understandings and change expectations so as to change policy agendas and to open up new forms of private action. When regional conversations are outdated, the process of organizational adjustment is stymied, as it has been in Los Angeles for 40 years. Old conversations must not crowd out new ones.
Harold Wolman, Howard Wial, Travis St. Clair, and Edward Hill
- Published in print:
- 2017
- Published Online:
- September 2018
- ISBN:
- 9780801451690
- eISBN:
- 9781501709494
- Item type:
- chapter
- Publisher:
- Cornell University Press
- DOI:
- 10.7591/cornell/9780801451690.003.0008
- Subject:
- Sociology, Urban and Rural Studies
The concluding chapter focuses on the role of public policy in promoting regional economic resilience. To better understand the potential role of various types of policy actions, we develop a ...
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The concluding chapter focuses on the role of public policy in promoting regional economic resilience. To better understand the potential role of various types of policy actions, we develop a temporal framework that divides policy implementation and policy effects into three different time frames, with policies varying both in the time it takes to put in place and in the time frame over which effects, if the policy is effective, can be expected. Different kinds of policy actions are likely to be most appropriate and most effective in the different time periods and in the face of different types of shocks. We conclude by considering the implications of our findings, put into this framework, for economic development policy makers and practitionersLess
The concluding chapter focuses on the role of public policy in promoting regional economic resilience. To better understand the potential role of various types of policy actions, we develop a temporal framework that divides policy implementation and policy effects into three different time frames, with policies varying both in the time it takes to put in place and in the time frame over which effects, if the policy is effective, can be expected. Different kinds of policy actions are likely to be most appropriate and most effective in the different time periods and in the face of different types of shocks. We conclude by considering the implications of our findings, put into this framework, for economic development policy makers and practitioners
Harold Wolman, Howard Wial, Travis St. Clair, and Edward Hill
- Published in print:
- 2017
- Published Online:
- September 2018
- ISBN:
- 9780801451690
- eISBN:
- 9781501709494
- Item type:
- book
- Publisher:
- Cornell University Press
- DOI:
- 10.7591/cornell/9780801451690.001.0001
- Subject:
- Sociology, Urban and Rural Studies
The book analyses two different forms of economic adversity faced by urban regions – external shocks and chronic economic distress. It then examines whether and why some regions are resilient to ...
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The book analyses two different forms of economic adversity faced by urban regions – external shocks and chronic economic distress. It then examines whether and why some regions are resilient to these different forms of adversity while others are not. The study includes quantitative analyses of the experience of all metropolitan areas from 1978-2014, including a special analysis of the Great Recession. It also includes intensive case studies of six regions. The case studies focus on the problems faced by each of the regions and the public policies adopted to deal with these problems. Two chapters are then devoted to an in depth discussion of whether the most common policies and/or practices employed were likely to have been successful. The final chapter asks what we can expect of explicit economic development policies as contributors to resilience and what are the lessons for economic development policy makers and practitioners?Less
The book analyses two different forms of economic adversity faced by urban regions – external shocks and chronic economic distress. It then examines whether and why some regions are resilient to these different forms of adversity while others are not. The study includes quantitative analyses of the experience of all metropolitan areas from 1978-2014, including a special analysis of the Great Recession. It also includes intensive case studies of six regions. The case studies focus on the problems faced by each of the regions and the public policies adopted to deal with these problems. Two chapters are then devoted to an in depth discussion of whether the most common policies and/or practices employed were likely to have been successful. The final chapter asks what we can expect of explicit economic development policies as contributors to resilience and what are the lessons for economic development policy makers and practitioners?
