Local Economic Development: Analysis, Practices, and Globalization

by John P. Blair and Michael Charles Carroll

Book Overview

Local economies are the building blocks for national ones. An updated and expansive core text, the Second Edition of Local Economic Development: Analysis, Practices, and Globalization provides 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...

• Format: Hardcover
• Language: English
• ISBN: 1412964830
• ISBN13: 9781412964838
• Release Date: July 2008
• Publisher: Sage Publications, Inc
• Length: 328 Pages
• Weight: 1.25 lbs.
• Dimensions: 0.9" x 6.1" x 9.1"

Customer Reviews

Excellent community & economic development text

Blair's "Local Economic Development: Analysis and Practice" is clearly written and gives good, practical examples. The graphs are carefully explained, and even an economics beginner can understand this book. It is also well edited and professional.

Undergraduate Economics Textbook

Blair's Local Economic Development is an undergraduate level text on regional economics. In this regard, it automatically fills a need left by the now out-of-print An Introduction to Regional Economics by Edgar M. Hoover and Frank Giarratani. (Frank Giarratani tells me that no future editions are in the offing.) The title difference from the Hoover and Giarratani volume lends a more contemporary flavor to Local Economic Development. Indeed, it adds brief treatments of the following topics: housing and neighborhood development, local public finance, and planning perspectives. Having taught (and in all academic practicality weaned) from Hoover's book, I find Blair's approach to the same subject matter refreshing. In the first chapter, he starts with a sketch of general economic principles_assumptions behind the behavior of individuals and firms; efficiency versus equity; market forces; and some causes of market inefficiencies_and moves quickly through a discussion of the notion of "region." The second chapter briefly edifies some critical economic principles in regional analysis: unemployment and low wages, externalities, and public choice. All of this is achieved in a mere 40 pages. I find such brief introductions necessary for undergraduate urban and regional studies courses, and wish that such a handy text would have been available when I first prepared my lectures. After this theoretical but pragmatic introductory material, Blair immediately hits core material to local political economics_business development. Here he draws as much from his own research experience in "industry targeting" as from the vast literature on industry location. Names like Weber and Hotelling fail to appear here but their main ideas do, however briefly. Most of the chapter is appropriately devoted to explaining such notions as "quality of life," "political climate," "business climate," and other factors thought to influence business location decisions, as well as to explaining the nature of the business location decision process itself. Chapter 4 deals with market areas and central place theory. As he does throughout much of the book, Blair discusses this material with the ultimate goal of providing a means of affecting local economic development through public policy. Hence, he focuses the chapter toward strategies for expanding a center's hinterland. In Chapters 3 and 4, Blair covers (perhaps indirectly) material on inter- and intraregional competition; in Chapter 5 "Understanding Economic Structure," he switches to a discussion of intraregional cohesive forces_agglomeration economies_and their measurement. As in previous chapters Blair does a good job on the main principles first developed by the likes of Walter Isard and as well as Edgar M. Hoover. In this case, however, I found at least one chink in the book's armor-the subject of Marshallian industrial districts (industrial complexes) are not well handled. Why