Sustainability of global communities and regional risk governance

Hiroshige Tanaka ()
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Hiroshige Tanaka: Chuo University

Asia-Pacific Journal of Regional Science, 2017, vol. 1, issue 2, No 19, 639-653

Abstract: Abstract As global markets grow and come to be connected firmly, the risk that some local difficulties might grow and transform into global crises is rising. This paper presents an analytical exploration, using social surplus, of effects on local and global communities. Globalized economies tend to lower the relative revenue of governments by presenting comparison to the growing scale of private economies. Sustainability and stability in global communities depend on an efficient scheme of public–private partnerships extending beyond national borders. This paper presents development of a theoretical analysis of regional risk governance for global communities. Specifically, this paper presents propositions stated as follows. Regional competition diversifies regional risk governance to facilitate the reconstruction of infrastructure in shrinking cities for a new industrial revolution. The initiatives can advance industrial and urban structures in prosperous and limited regions. Regional diversity in economic activities arises from regional competition and causes regional problems. Private funds are sensitive to risk avoidance. Enhanced risk in some regions disturbs the distribution of funds necessary to achieve social needs. Mechanisms necessary to achieve sustainability of global communities are investigated completely.

Keywords: Competitive and cooperative mechanisms; Global cities; Global public goods; PRI; Regional governance; Shrinking cities (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s41685-017-0057-x

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