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An Introduction to Place-Based Development Economics and Policy

Record Type:	Language materials, printed : Monograph/item
Title/Author:	An Introduction to Place-Based Development Economics and Policy/ by Gilberto Seravalli.
Author:	Seravalli, Gilberto.
Description:	X, 144 p. 46 illus.online resource. :
Contained By:	Springer Nature eBook
Subject:	Regional economics. -
Online resource:	https://doi.org/10.1007/978-3-319-15377-3
ISBN:	9783319153773

An Introduction to Place-Based Development Economics and Policy
Seravalli, Gilberto.

An Introduction to Place-Based Development Economics and Policy[electronic resource] /by Gilberto Seravalli. - 1st ed. 2015. - X, 144 p. 46 illus.online resource.

1 Spatially-blind vs place-based policies -- 2 The spatial perspective -- 3 Institutions, agency and path dependency -- 4 Under valorized areas -- 5 Dealing with uncertainty.

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.

ISBN: 9783319153773

Standard No.: 10.1007/978-3-319-15377-3doiSubjects--Topical Terms:

561880
Regional economics.

LC Class. No.: HT388

Dewey Class. No.: 338.9

An Introduction to Place-Based Development Economics and Policy
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505 0 $a 1 Spatially-blind vs place-based policies -- 2 The spatial perspective -- 3 Institutions, agency and path dependency -- 4 Under valorized areas -- 5 Dealing with uncertainty.
520 $a 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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