Introduction to Regional Economic Development

Introduction to Regional Economic Development

Major Theories and Basic Analytical Tools

Mustafa Dinc

This is a relatively simple and easy to read introduction of major regional and local economic development theories, their theoretical evolution and other relevant topics such as governance, institutions and local leadership within the globalization context. It also discusses some basic analytical tools and provides a template for them in an easy to use MS Excel spreadsheet application. It introduces conflict management procedures into regional development process and provides a regional decision support framework.

Chapter 3: Governance: institutions, local leadership and the role of regional development agencies

Mustafa Dinc

Subjects: economics and finance, regional economics, urban and regional studies, regional economics

Abstract

Good governance is now the new catchword around the world that was advocated by many, particularly international organizations, for almost any purpose ranging from national governments to large corporations and NGOs as well as regional and local economic development. As a result, in recent years the discussion of governance has expanded and the number of scholarly work has increased. The reason behind this new trend is the view that good governance and sustainable development go hand-in-hand. It is, then, quite logical that the same principle applies to regional and local economic development where good governance will generate better results. It is now widely accepted that regional and local institutions and leadership will have important roles in the regional development process. This chapter covers the governance, institutions, local leadership and role of regional development agencies in the regional economic development process.

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