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 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.

Importantly, this text is uniquely accessible to students who lack a background in the field of economics.

New to this Edition

Offers a global emphasis: Local economic development is clearly linked to national development throughout, making the text useful for adding an international component to traditional national economic development courses. Features an institutionalist focus: The text describes the ways political and the social environments interact with and influence the local development process, giving instructors opportunities to localize course material. It also addresses equity issues and the importance of interregional linkages, demonstrating the importance of an interdisciplinary approach. Demonstrates comparative versus competitive advantages: The author illustrates the changing perceptions of the sources of local advantages, given the dynamic global and technological environments. Provides valuable information on careers in the field: Students will learn about jobs where knowledge of local economic development is a primary or useful requirement, from opportunities as development officials in local agencies to banking to community development.

Intended Audience
This is an ideal core text for undergraduate and graduate students of economics, political science, geography, public administration, and urban and regional planning. It is also a valuable resource for economic development professionals, NGOs, County Commissioner offices and others involved in the economic aspects of local economic development.

• 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