The Public Interest in Economic Development and Creativity: A Knowledge Governance Perspective

Silvia Sacchetti and Roger Sugden

Chapter 11 in Local Economies and Global Competitiveness, 2010, pp 232-241 from Palgrave Macmillan

Abstract: Abstract This chapter considers economic development from the perspective of the organization of production. The basis for our argument is a synthesis of two previously distinct analyses of the theory of the firm, namely: the competence-based and strategic choice approaches. That synthesis makes creativity - that is, the use of ideas and imagination so as to make things happen - a central issue in understanding production. From that we hypothesize that the treatment of creativity is a significant determinant of the prospects for economic development at local, regional, national and indeed global levels.

Keywords: Economic Development; Public Interest; Strategic Choice; Private Interest; Mutual Dependence (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-29496-7_12

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DOI: 10.1057/9780230294967_12

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