Implications for Regions and Industries
Edited by Charlie Karlsson, Andreas P. Cornett and Tina Wallin
Chapter 9: Succeeding generations, changing trajectories: influences of generational transition on local development experiences
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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