Description
Here is the most up-to-date assessment of the strategies, tools, and requirements for stimulating economic growth and metropolitan development. In twelve chapters, the most eminent scholars in the field provide a no-nonsense review of what works - and what doesn't - in generating economic development. What are the potential and the reality of producer services, suburban business centers, enterprise zones, technology-based ventures, and industrial incubators? How can economic development policy improve the incubator effect? Is there a nationwide venture capital network? What are the locational requirements of firms in high-growth industries? And what are the consequences of failed growth?This book, developed as part of an ongoing research program on economic development issues by NCI Research in Evanston, Illinois, is must reading for policymakers, planners, analysts, and students confronting the complex challenges of metropolitan growth and economic development.
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The factors that determine growth at the industry level are different for innovative versus mature industries. Growth industries rely on high-quality workers, access to capital, technical change, and numerous forms of collected economies. Mature industries concentrate on low-input costs and minimizing costs for wages, transportation, taxes, material, etc. This approach is adopted here to consider the growth and development of metropolitan economies. In twelve chapters, eminent scholars provide a complete review of what works—and what doesn’t—in generating economic development. What are the potential and the reality of producer services, suburban business centers, enterprise zones, technology-based ventures, and industrial incubators? How can economic development policy improve the incubator effect? Is there a nationwide venture capital network? What are the locational requirements of firms in high-growth industries? Finally, what are the consequences of failed growth? This comprehensive collection includes chapters by Edwin S. Mills; Patricia E. Beeson; Mark A. Satterthwaite; Breandán Ó Huallacháin; John F. McDonald; William B. Beyers; Truman A. Hartshorn; Peter O. Muller; Rodney A. Erickson; Richard Florida; Donald F. Smith, Jr.; Claudia Bird Schoonhoven; Kathleen M. Eisenhardt; Stephen Nord; Robert G. Sheets; and Thomas R. Hammer. This workis a must read for policymakers, planners, analysts, and students.
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