The Winners' Choice: Sustainable Economic Strategies for Successful 21st-Century Regions

Mark Partridge and M. Rose Olfert

Applied Economic Perspectives and Policy, 2011, vol. 33, issue 2, 143-178

Abstract: Throughout the second half of the 20th century, urbanization, new technologies, rapid labor-saving productivity growth in primary industries, and improved highways combined to create large-scale regions which are now functionally integrated at the rural-urban level. These forces have raised the stakes for regions in their pursuit of economic development and growth, making successful regional policy even more important. Changes to the governance structures consistent with the increased interdependence within broad rural-urban regions will improve the region's competitiveness; adopting fad-based approaches and policies aimed at "picking winners" will be less fruitful. Going forward, continuing globalization and environmental sustainability have the potential to reshape fundamentally the relative attractiveness of regions.

Date: 2011
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