An Introduction to Place-Based Development Economics and Policy
This book introduces the reader to local development economics and policy, with a special focus on the place-based paradigm that covers its justification, its difficulties and the types of public intervention that it suggests. The starting point for the a
- PDF / 4,906,446 Bytes
- 151 Pages / 453.543 x 683.15 pts Page_size
- 103 Downloads / 242 Views
An Introduction to Place-Based Development Economics and Policy
An Introduction to Place-Based Development Economics and Policy
Gilberto Seravalli
An Introduction to Place-Based Development Economics and Policy
13
Gilberto Seravalli Gran Sasso Science Institute L’Aquila Italy
ISBN 978-3-319-15376-6 ISBN 978-3-319-15377-3 (eBook) DOI 10.1007/978-3-319-15377-3 Library of Congress Control Number: 2015931808 JEL Classification: 01 018, 02 025 Springer Cham Heidelberg New York Dordrecht London © Springer International Publishing Switzerland 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper Springer International Publishing AG Switzerland is part of Springer Science+Business Media (www.springer.com)
Preface
With this book, I would like to introduce the reader to local development economics and policy, with a special focus on the place-based paradigm. We examine why it is justified, what difficulties it creates, and what kind of public interventions it suggests. Chapter 1 starts by stressing that the Washington Consensus doctrine has failed to provide a general recipe for economic development, as the World Bank itself admitted in 2005. Economic improvements took place, most often, where the requirements for fiscal austerity, privatization, and market liberalization were not met. Wherever this recipe was applied, economic development did not take off, or very little progress was recorded, while serious imbalances occurred in their place. The current view that a more “humble” search for paths to development is needed has replaced the claim that a general recipe or the best practices can be applied anywhere. The failure of the Washington Consensus gave a notable boost to a spatial perspective. If there are no general recipes, then opportunities and constraints must be considered on a case-by-case basis. Dealing with development policies, therefore, involves dealing with regional policies, where the debate is unresolved. Is it better to invest
Data Loading...
