Creating Resilient Economies
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Creating Resilient Economies

Entrepreneurship, Growth and Development in Uncertain Times

Edited by Nick Williams and Tim Vorley

Providing a coherent and clear narrative, Creating Resilient Economies offers a theoretical analysis of resilience and provides guidance to policymakers with regards to fostering more resilient economies and people. It adeptly illustrates how resilience thinking can offer the opportunity to re-frame economic development policy and practice and provides a clear evidence base of the cultural, economic, political and social conditions that shape the adaptability, flexibility and responsiveness to crises in their many forms.
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Chapter 11: The resilience of growth strategies

Lee Pugalis, Nick Gray and Alan Townsend

Abstract

Particularly marked since the onset of the global credit crunch, a pervasive economic growth narrative has inflected political and policy rationalities as nations, regions and cities have attempted to ‘bounce back’ from recessions as well as contend with other crises. This has engendered new conceptual debates at the interface between those concerned with economic resilience and economic growth. In England, voluntaristic public–private partnerships operating in the field of local and regional development have recently prepared Strategic Economic Plans. These plans are part strategic and part bidding documents, motivated by a boosterist policy of ‘going for growth’. Derived from a comparative analysis of growth plans and attendant empirical research, this chapter provides an examination of the manner with which these growth strategies reflect different understandings of resilience. Our findings reveal that while contemporary economic development practice often evokes the notion of resilience, this tends to be a ‘conservative’ reading of the objective utilised to get back to growth and/or maintain prevailing growth levels.

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