Revised and Extended Second Edition
Edited by Roberta Capello and Peter Nijkamp
Chapter 5: Leadership, institutions and regional economic development and growth
The chapter focuses on leadership in regional economic growth and development as an institutional variable that is influenced by governance, culture, history and other institutional factors. Following the consideration of different leadership theories and definitions of core concepts, the chapter explains that most leadership is incremental and addresses modest problems in the context of relatively stable economic or equilibrium conditions. However, when such standing patterns are disrupted, major leadership-driven change usually occurs to transform the existing economic structure. Such leadership is explained by the contingency theory of leadership. Of 44 regional leadership case studies, 42 can be understood from the perspective of contingency theory; only two are explained by the great man theory. Selected case studies from the US, Europe and Asia illustrate the contingency theory argument.
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