By Robert Stimson, Roger R. Stough, Maria Salazar
The authors of this accomplished publication supply an in depth intent and unique idea for the learn of management and institutional components, together with entrepreneurship, within the progress and improvement of towns and areas. They exhibit why management, associations and entrepreneurship can - and certainly do - play an important bettering function as key parts within the technique of nearby endogenous development. The so-called `new development idea' emphasizes endogenous procedures. whereas a number of the literature refers to management and institutional elements, there was little research of the specific roles those components play within the progress and improvement of towns and areas. This ebook treatments that hole, starting with a short evaluate of the evolution of the `new progress concept' in local monetary improvement, during which the emphasis is on endogenous components. The ebook then discusses management and institutional components in that context, making a new course for knowing local fiscal improvement strategies. a number of case reviews from varied elements of the area illustrate the theoretical strategies. scholars and students in neighborhood improvement, making plans and public coverage will locate this quantity useful.
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Extra info for Leadership and Institutions in Regional Endogenous Development
Example text
We are advocating this process; and we are also arguing that this is the process that, while often used, is all too often used in a less than thoughtful manner and not in a pre-planned way. Our argument is derived from the notion that the presence of leadership in regions that are performing well, or which have been re-engineered and turned around from performing poorly to perform better, has been crucial in providing the right policies and creating and facilitating the right environment. The Silicon Valley region in the US, for example, has channeled resource endowments into efficient allocations (Leipziger, 1997).
Referring to regional economic development, Parkinson (1990) defines leadership as: the capacity to create stable and durable mechanisms and alliances that promote economic regeneration and identifies a range of micro-level skills and macro-level resources that can generate that capacity. (p. 241) And Stough et al. (2001) suggest that leadership might be thought of as: the tendency of the community to collaborate across sectors in a sustained, purpose32 Leadership 33 ful manner to enhance the economic performance or economic environment of its region.
It needs to set a vision for the future development of the region, and implement plans and processes that will facilitate institutional change and encourage and facilitate entrepreneurship. This, in turn, will likely have the effect of enhancing the capacity and capability of the city or region to positively adjust to changing circumstances helping it to attain a good and/or improved fit with market conditions, and for it to more effectively harness its resource endowments in order for it to maintain and improve regional performance and for it to achieve a sustainable development path as a learning region, and for it to be one that is competitive and entrepreneurial.