Garofoli and Scott have gathered together a series of outstanding
essays by academics and policy experts from around the world to
show how the theory of local economic development (as formulated in
more economically advanced countries) has major significance for
countries in the world periphery.
These essays present a general conceptual discussion of the role
of clusters, networks and regions in the growth and development of
low-and-middle-income countries, focusing specifically on such
diverse issues as the role of technology and labour markets in
local economic development, regional dynamics in mixed economies,
the logic of value chains, the effects of globalization on cities
and regions in the world periphery, and the possibilities and
limitations of cluster-based strategies of economic development.
Exploring various countries in Africa, Asia and Latin America, the
essays suggest that development is not only a function of
macroeconomic processes, but also proceeds from the ground up via
the emergence of localized clusters of production and their
associated socio-economic infrastructures.
This book will be invaluable to policy makers as a guide to
understanding and dealing with a wide diversity of development
issues, as well as to academics seeking fresh conceptual and
analytical approaches to these issues.
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