Chapter

Understanding international divergence and convergence in local and regional economic development

Graham Haughton, Andrew Beer and Alaric Maude

in Developing locally

Published by Policy Press

Published in print November 2003 | ISBN: 9781861345462
Published online March 2012 | e-ISBN: 9781447302025 | DOI: http://dx.doi.org/10.1332/policypress/9781861345462.003.0002
Understanding international divergence and convergence in local and regional economic development

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This chapter examines divergence and convergence in local and regional economic development (LRED). It discusses the growth in the number of economic-development institutions and the growth in the range and type of activities that constitute local economic development. The chapter analyses approaches of the state to managing sub-national economies and highlights the state's strategic selectivity in reordering sub-national institutional architectures for LRED activity. It also explores how choices are made about what constitutes an appropriate problem area for policy intervention and the appropriate range of policy instruments.

Keywords: LRED; economic-development institutions; sub-national companies; strategic selectivity; policy intervention; policy instruments

Chapter.  9577 words. 

Subjects: Urban and Rural Studies

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