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Conceptualizing local and regional economic development in the United States

Konzeptualisierung der lokalen und regionalen Wirtschaftsentwicklung in den USA
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Valler, David; Wood, Andrew

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Abstract Contemporary literature on local and regional economic development (LRED) in the United States is predominantly empirical and pragmatic, focusing on the conduct and efficacy of economic development policy. While this work is valuable in evaluating the detailed operation of LRED activity, the broader conceptual foundations which underlay economic development practice have been underplayed. We reflect on research and writing around LRED in the U.S. and address some key conceptual and theoretical limitations. We call for a stronger focus on contextualization and set out a theoretical approach grounded in regulationist insights which offers significant advances in theorizing U.S. LRED.
Keywords United States of America; regional development; economic development (on national level); regulation theory
Classification Political Economy; Economic Policy
Free Keywords local and regional economic development; Regulation Theory
Document language English
Publication Year 2010
Page/Pages p. 139-151
Journal Regional Studies, 44 (2010) 2
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)