By Gilberto Seravalli
This e-book introduces the reader to neighborhood improvement economics and coverage, with a distinct specialise in the place-based paradigm that covers its justification, its problems and the kinds of public intervention that it indicates. the start line for the research is that fiscal improvement in lagging areas isn't to be anticipated because the results of a mechanism of automated convergence among backward and complex areas and that, accordingly, the main applicable improvement coverage isn't to maximise pageant between all brokers in all sectors and areas. The failure of the Washington Consensus is tested, and the 2 competing positions to have emerged from this failure – spatially blind interventions and place-based rules – are contrasted. the most shortcoming of spatially blind guidelines, specifically that motionless assets which can set off or aid a improvement approach usually stay untapped or “trapped”, is emphasised. the restrictions of the “big push” nation intervention and salary flexibility strategies to this capture are analyzed and the benefits of place-based rules that aid intervention and will take care of uncertainty, possibility and clash are discussed.
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Extra resources for An Introduction to Place-Based Development Economics and Policy
Econ Geogr 86(4):361–370 Rodrik D (2006) Goodbye Washington Consensus, Hello Washington Confusion? a review of the World Bank’s economic growth in the 1990s: learning from a decade of reform. J Econ Lit 44(4):973–987 Seddon J (1999) Decentralization and economic growth. In: Litvack J, Seddon J (eds) Decentralization. Briefing notes, World Bank Institute, WBI working papers in collaboration with PREM network Serra N, Stiglitz JE (eds) (2008) The Washington consensus reconsidered—towards a new global governance.
2 First Empirical Evidence It is thus expected that when transport costs are reduced in relation to production costs, a spatial concentration of producers, compared to an existing dispersion of consumers, may occur. We can observe that industrial spatial concentration, for 11 EU Members by sector (17 manufacturing sectors), tended to increase in the 1980s while transport costs certainly decreased thanks to the process of integration. 1, in fact, the majority of the points are located above the bisector.
14 This example, and others related to other countries (Desmet and Fafchamps 2005), could help us define a rule whereby the concentration of productive activities is greater where transport costs are lower. However, if we compare 11 Southern African with 11 European countries, this rule does not apply. It can be safely assumed that in industrialized countries, such as in Europe, transport costs are significantly lower than in Africa because infrastructures are more developed. We could therefore expect industry in less developed countries, such as in Southern Africa, to be more dispersed than in Europe.
An Introduction to Place-Based Development Economics and Policy by Gilberto Seravalli