Globalization, International Spillovers and Sectoral Changes
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Globalization, International Spillovers and Sectoral Changes

Implications for Regions and Industries

Edited by Charlie Karlsson, Andreas P. Cornett and Tina Wallin

As a consequence of globalization, news, ideas and knowledge are moving quickly across national borders and generating international spillovers. So too, however, are economic and financial crises. Combining a variety of methods, concepts and interdisciplinary approaches, this book provides an in-depth examination of these structural changes and their impact. Assessing the implications of globalization for businesses and sectors, chapters focus on the interdependencies between different economic and political layers, and explore topics such as human capital, creativity, innovation, networks and collaboration.
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Chapter 9: Succeeding generations, changing trajectories: influences of generational transition on local development experiences

Ozan Hovardaoğlu


Conflicts between generations and the effects of these challenges represent a specific field of research in economics, which seem to share a common focal point. They either focus on the problem of the generation gap in single economic organizations or on the problem of succession in family firms. In this chapter, however, I attempt to identify how local development experiences are influenced by the transitions from predecessor generations to their successors. The influences of generational transition on the local pathways of development are analysed through the local development experience of the city of Kayseri in Turkey. It is found that generational transition deeply affects local institutional structures, which sometimes results in institutional tensions that negatively influence economic development efforts, but sometimes results in construction of new institutions that create a more productive economic climate.

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