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The Rise and Fall of Urban Economies - Lessons from San Francisco and Los Angeles (Hardcover)
Loot Price: R3,101
Discovery Miles 31 010
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The Rise and Fall of Urban Economies - Lessons from San Francisco and Los Angeles (Hardcover)
Series: Innovation and Technology in the World Economy
Expected to ship within 12 - 17 working days
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Total price: R3,121
Discovery Miles: 31 210
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Today, the Bay Area is home to the most successful knowledge
economy in America, while Los Angeles has fallen progressively
further behind its neighbor to the north and a number of other
American metropolises. Yet, in 1970, experts would have predicted
that L.A. would outpace San Francisco in population, income,
economic power, and influence. The usual factors used to explain
urban growth-luck, immigration, local economic policies, and the
pool of skilled labor-do not account for the contrast between the
two cities and their fates. So what does? The Rise and Fall of
Urban Economies challenges many of the conventional notions about
economic development and sheds new light on its workings. The
authors argue that it is essential to understand the interactions
of three major components-economic specialization, human capital
formation, and institutional factors-to determine how well a
regional economy will cope with new opportunities and challenges.
Drawing on economics, sociology, political science, and geography,
they argue that the economic development of metropolitan regions
hinges on previously underexplored capacities for organizational
change in firms, networks of people, and networks of leaders. By
studying San Francisco and Los Angeles in unprecedented levels of
depth, this book extracts lessons for the field of economic
development studies and urban regions around the world.
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