{"product_id":"local-economic-development-9781412964838","title":"Local Economic Development","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eLocal economies are the building blocks for national ones. An updated and expansive core text, the \u003cstrong\u003eSecond Edition\u003c\/strong\u003e of \u003cstrong\u003eLocal Economic Development: Analysis, Practices, and Globalization \u003c\/strong\u003eprovides a comprehensive introduction to the economics of local economic development. Delving into cutting-edge topics such as cluster analysis, creative class orientation, competitive advantage, social capital, business expansion and retention, and learning regions, this clearly written interdisciplinary text connects theories with real-life examples and offers the reader pragmatic tools for future application, including a valuable how-to understanding regarding important qualitative tools and their interpretation.\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003eImportantly, this text is uniquely accessible to students who lack a background in the field of economics. \u003c\/p\u003e \u003cp\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003eNew to this Edition\u003c\/strong\u003e\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003e\u003c\/strong\u003e\u003c\/p\u003e \u003cul\u003e     \u003cli\u003e\u003cstrong\u003eOffers a globa\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eChapter 1.  Local Economic Development in a Global Market    How Economists View the World    \t\tModels and Assumptions    \t\tIndividual Behavior and Utility Maximization    \t\tIdeological Perspectives on Market Operations    How Markets Work    \t\tSupply and Demand    \t\tSupply, Demand, and Efficiency    \t\tMarkets Are Not Always Efficient    \t\tThe Role of Profits    Economic Development Defined    Careers in LED    The Nature of Regions    \t\tTypes of Regions    Local, National, and Global Economic Development Chapter 2. Business Location, Expansion, and Retention    Locational Factors    \t\tInertia    \t\tTransportation Cost Minimizing Models    \t\tProduction Costs    \t\tNational Political Climate and Stability    \t\tOpportunity Creation    The Decision Making Process    \t\tMotivations    \t\tPractical Limitations on the Choice Process    \t\tSteps in the Corporate Site Selection Process    Changing Relative Importance of Locational Factors    \t\tSurveys of Location Factors    \t\tSurvey Findings Past to Present    Conducting Business Retention and Expansion Programs 3.\tMarkets, Urban Systems, and Local Development    Demand and Market Areas    Demand in a Spatial Setting    \t\tCompetition for Markets    \t\tThreshold Demand and Range    \t\tDeterminants of Market Size    The Urban Hierarchy and Urban System    \t\tCentral Places    \t\tGoods and Services According to Urban Rank    \t\tChanging Urban Patterns    An Evaluation of the Central-Place Approach    \t\tConsiderations Extraneous to Central-Place Theory    \t\tTransportation Costs    \t\tMarket Overlap, Rate Absorption, and Price Discrimination    \t\tProduct Differentiation    \t\tAgglomeration Economies    \t\tInstitutional Factors    \t\tNon-employment Residential Locations and Commuting    \t\tEmpirical Evidence    Globalization and Urban (City) Systems    How to Measure Areas of Influence    \t\tSurvey Techniques    \t\tReilly’s Law of Retail Gravitation    \t\tProbabilistic Models    \t\tRetail Spending    \t\tAn Example    Hinterland Expansion Strategies 4.\tEconomic Interdependence and Local Structure    Agglomeration Economies    \t\tInternal Agglomeration Economies    \t\tDirect Sales Purchases Linkages    \t\tLocalization Economies    \t\tUrbanization Economies    \t\tRecap\t\t    Cluster Analysis    Measures of Economic Structure    \t\tNorth American Industrial Classification System  (NAICS)    \t\tLocation Quotients    \t\tEstimating Export Employment with Location Quotients    \t\tSurveys to Determine Export Activities    \t\tCoefficients of Specialization    \t\tOccupational Structure    Other Aspects of Regional Structure 5.\tRegional Growth and Development    Stages of Growth    \t\tIndustrial Filtering (Life Cycle Model)    \t\tAdding New Work to Old    \t\tHow Do Cities Move from One State to the Next?    Circular Flow Diagram    \t\tElements of the Circular Flow Model    \t\tEquilibrium and Change    \t\tThe Multiplier    The Export Base Theory of Growth    \t\tThe Formal Income Model    \t\tHow to Operationalize the Export Base Approach    \t\tImpact Studies and Export Base Forecasts    Critique of the Export-Base Approach    \t\tPrimacy of Exports    \t\tImport Substitution    \t\tProductivity    \t\tExports Not Always Exogenous    \t\tSmall versus Large Regions    \t\tFeedbacks among Regions    \t\tNon-basic Activities May Not Increase    \t\tLong-Run Instability of the Multiplier    \t\tExcessive Aggregation    Supply-Side Approaches    \t\tIntermediate Inputs    \t\tEntrepreneurship    \t\tCapital    \t\tLand (Environmental Resources)    \t\tLabor    Supply and Demand Side Approaches:  A Synthesis 6.\tAdditional Tools for Regional Analysis    Shift and Share Analysis    \t\tAn Application    \t\tCritique    Econometric and Simulation Models    \t\tEconometric Models    \t       Caveats    Importance-Strength Analysis    Input-Output:  Analysis    \t\tThe Transactions Table    \t\tThe Table of Direct Coefficients    \t\tThe Table of Direct and Indirect Coefficients    \tInput-Output Applications 7.\tInstitutionalist Perspectives on Local Development    External Benefits from Economic Development    \t\tJob and Income Creation    \t\tFiscal Improvement    \t\tPhysical Improvements    Who Benefits From Growth?    \t\tCharacteristics of Resource Supply    \t\tOpponents of Growth    Subsidies, Competition and Economic Development    \t\tIs Local Economic Development a Zero Sum Game?    \t\tInefficiency and Oversubsidization    \t\tDiscretionary versus Entitlement Subsidies    \t\tCost Minimization versus Human Capital Strategies    Social Capital and Economic Development    \t\tGeneric Economic Problems and Social Capital    \t\tAmbiguous Reception of Social Capital    \t\tSocial Capital and Local Development Strategies    \t\tUsing Social Capital to Mitigate Economic Development Conflicts    Social Network Analysis:  Getting the Right People to the Table    Targeting Development Efforts    \t\tCluster-Based Economic Development 8.\tLocal Economic Development in a Flattening World    Models of Trade and Resource Flows    \t\tComparative Advantage    \t\tResource Mobility    Economics of Migration    \t\tRetiree-Migrant Development Strategy    Mobility of Capital    Innovations and Ideas    \t\tSpatial Diffusion    \t\tImplications for Regional Development    Mobility and Development Policy    \t\tJobs-to-People versus People-to-Jobs    \t\tImmigration and Urban Development 9.\t Land Use    What Gives Land Value?    \t\tLand Rents and Value    \t\tThe Nature of Rent, Productivity and Access    \t\tHighest and Best Use    The Land Development Process    \t\tDeveloper Goals    \t\tThe Market Study    \t\tEnvironmental Impact Statements    \t\tProfit Feasibility    \t\tThe Development Decision    \t\tImplications of Financial Analysis for LED    Land-Use Patterns    \t\tThe Monocentric City Model    \t\tThe Desity Gradient    \t\tRoads and Axial Development    \t\tAgglomeration and the Multiple-Nuclear City    Speculation    \t\tChanging Land Use Patterns    \t\tEvaluating Metropolitan Spread (Urban Sprawl)    Land Use and Economic Development Tools    \t\tZoning and Its Critics    \t\tFlexibility and Land Use Regulations    \t\tThe Eminent Domain Controversy    \t\tRights to Land and Economic Development 10.\t Housing and Neighborhood Development    Fundamentals of Housing Economics    \t\tHedonic Pricing    \t\tUncertainty, Market Imperfections, and Competition    Residential Location and Neighborhood Change    \t\tThe Filtering-Down Theory    \t\tThe Trade-Off Model \t\tThe Cultural Agglomeration Model    \t\tThe Tiebout Model    \t\tThe Aggregate Economic Fallout Model    \t\tInitiating and Perpetuating the Change Process    Housing Policy Issues    \t\tRent Control versus Market Forces    \t\tIncome Support versus Housing Assistance    \t\tSupply versus Demand Side Assistance    \t\tGhetto Dispersal versus Ghetto Improvement    \t\tDwelling-Unit versus Neighborhood Development    Linkage Between Local Housing and Global Financial Markets    Retail and Commercial Neighborhoods    The Social Economy of Neighborhoods    \t\tCommunity Development Corporations    \t\tCooperatives    \t\tCommunity Gardens 11.\t Poverty and Lagging Regions    The Nature of Poverty \t\tConceptual Approaches    \t\tDemographics of Poverty    Spatial Concentrations of Urban Poverty    \t\tRegional Linkages:  The Spread and Backwash Effects    \t\tEmpirical Studies of Spatial Linkages    \t\tSpatial Linkages and Theories of Spatial Poverty    Policy Issues    \t\tStrengthening Linkages    \t\tImproving Productivity \t\tAddressing Wage Rigidities    \t\tEmployment Guarantee Schemes in India    \t\tIncome Support 12.\tLocal Governance, Finance, and Regional Integration    Spatial Perspectives on Government Functions    \t\tDistribution and the Race to the Bottom    \t\tLocal Allocation    \t\tPublic Transportation – An Example    Size and Scope of Local Governments    \t\tEconomies and Diseconomies of Scale    \t\tDecision-Making Costs    Improving Government Efficiency    \t\tUsing Prices and Fees    \t\tLocal Taxation and Economic Development    \t\tAccountability    \t\tIntergovernmental Competition    \t\tIntergovernmental Grants and Coordination    \t\tRearranging Functions    Privatization    \t\tMarket Based Reforms in Education\t\t    Fiscal Impact and Benefit-Cost Studies    \t\tFiscal Impact Studies    \t\tBenefit-Cost Analysis 13.\tLocal Economic Development Planning    The Future and Local Development    \t\tConcern with Values and Attitudes    \t\tTechnological Change    \t\tSystems Orientation    \t\tImportance of Timing    Planning Perspectives on Development Policy    \t\tThe Planning Process    \t\tLimits of Planning    Planning and Future Studies Tools    \t\tDelphi Forecasting    \t\tGames    \t\tScenarios    \t\tEnvironmental Scanning About the Author\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"SAGE Publications Inc","offers":[{"title":"Default Title","offer_id":51769439519063,"sku":"9781412964838","price":165.3,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781412964838.jpg?v=1758721099","url":"https:\/\/bookcurl.com\/products\/local-economic-development-9781412964838","provider":"Book Curl","version":"1.0","type":"link"}