Prosperous places: processes, policies, and practices

Christof Brandtner, Olav Sorenson and Maryann Feldman

Industrial and Corporate Change, 2026, vol. 35, issue 1, 186-205

Abstract: Prosperous places provide more than just high levels of economic output. They also promote the well-being of their residents and ensure equitable access to community resources and opportunities. Prosperous places—picture Copenhagen, Melbourne, or Vienna—balance economic growth with social equity. Most communities, however, remain marked by stark inequalities. We examine the processes, policies, and practices that foster prosperity, a more equal distribution of resources and opportunities within places. We call attention to four organizational and community properties of these places: diverse organizational demographics, shared ownership structures, spatial and social integration, and cross-sector inclusive governance. We call for reimagining prosperity as a collective achievement—one shaped by deliberate choices that distribute benefits widely rather than deepening divides.

Keywords: JEL Classification: R11; R58; I31; D63; O18; Z13 (search for similar items in EconPapers)
Date: 2026
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