This document provides an overview and introduction to a course on regional development. It discusses the changing global context of development and increased competition between regions. It outlines several frameworks and theories used to understand regional development, including neoclassical, Keynesian, location and agglomeration theories. It also lists different development approaches, tools, models, interventions and policies discussed in the course, including economic analysis, business and workforce development, infrastructure development, and local planning. The document concludes by discussing alternative development strategies and comparing traditional top-down approaches to more decentralized local and regional development strategies.

1. CRP 8276: Regional Development Lecture #1: Introduction

2. Introduction to the course Introductions, myself and students Goals in course, expectations of course Overview of expectations Readings and class discussion

3. 3 Quantitative Assignments

4. Final Project: Preparing a development plan for a region of their choosing Walk through of syllabus

5. Course Overview The changing context of local and regional development importance of globalisation;

6. increased inter-territorial competition;

7. growth of knowledge-intensive forms of economic activity;

8. rapid, uncertain and geographically uneven and unequal economic, political, cultural and environmental change;

9. multilayed and devolving systems of government and governance;

10. new interventions, instruments and policies.

11. Course Overview What kind of local and regional development and for whom? Definitions of local and regional development;

12. historical context;

13. central importance of the geographical concepts of space, territory, place and scale.

14. Uneven nature of development.

15. Course Overview Frameworks of understanding Concepts and theories of local and regional development Neo-classical;

16. Keynesian;

17. Location theory Central place

18. Growth poles [Schumpeter]

19. Agglomeration [Chinitz]

20. product and profit cycles;

21. Course Overview Tools for Keynseian and Economic Base Analysis: Location Quotients

22. Minimum Requirements approach

23. Shift-share analyses

24. Economic Base Projection

25. Impact Analyses

26. Course Overview Other Theoretical Models: stages theory;

27. long wave theory;

28. Marxism and the spatial division of labour;

29. transition theories;

30. institutionalism and socio-economics;

31. innovation, knowledge and learning;

32. endogenous growth theory;

33. sustainable development;

34. Course Overview Interventions: instruments and policies Mobilizing indigenous potential

35. Attracting and embedding exogenous resources implanting and anchoring businesses;

36. Role of Transnational Corporations (TNCs)

37. Global production networks The Local Economic Development Planning Process

38. Selecting a Local Economic development Strategy

39. Course Overview Approaches to Development Locality Development Landbanking and community trusts

40. Physical Infrastructure Development

41. Specutlative Buildings

42. Zoning Regulations

43. Business Improvement Districts

44. Regulatory Improvement

45. Tourism Planning

46. Housing and Neighborhood improvement

47. Community Services

48. Course Overview Approaches to Development Business Development Creating a good business climate

49. One-stop Business Assistance Centers

50. Start-up Venture Financing Companies

51. Small Business Development Centers

52. Group Marketing Systems

53. Microenterprise and Women's Enterprises

54. Promotion and Tourism Programs

55. Research and Development

56. Enterprise Zones

57. Course Overview Human Resource Development Workforce Development Community-Based Economic and Employment Development Community Development Corporations

58. Community Cooperatives

59. Local Enterprise Agencies

60. Employee/Worker Ownership

61. Targeting and Marketing Neighborhood Assets

62. Course Overview Development in Practice Local and regional development in practice Economic decline: North East England;

63. Trying to effect adjustment: Jalisco, Mexico & Ontario, Canada;

64. Sustaining an existing development trajectory: Silicon Valley;

65. Balanced regional development:Busan, S. Korea;

66. Economic transformation: Seville, Spain;

67. Dealing with uneven local and regional consequences of transformation: Ireland;

68. Course Overview Preparing a Development Plan Your capstone assignment this semester is to prepare a development plan for a region of your choosing.

69. [BREAK]

70. What is Regional Development? The idea of “globalization” -- what do we really mean?

71. “Reflexive” Capitalism: Heightened complexity, uncertainty and risk and rapidity of economic, social, political and cultural change;

72. Internationalized or globalized economic system, with greater emphasis on knowledge industries and competition;

73. Uneven development

74. What is Regional Development? Is this globalization new? Many argue that this process of globalization is not at all new

75. However, the level of interaction among national economies is significant Direct Foreign Investment, outsourcing manufacturing, etc.

76. What is Regional Development? Who are the winners? Large metropolitan regions Home to many of the high value-added service activities

77. Financial, Insurance, Real Estate services clustering more than ever in urban regions Intermediate industrial regions Due to greater mobility of production factors

78. South and West in United States, Sao Paulo in Brazil in Coastal China Tourist Regions

79. What is Regional Development? Are regions now in greater competition with each other? Krugman says “competitiveness” is a myth, used to justify policies favor one sector over another

80. Regional competitiveness makes more sense than national competitiveness, since regions trade with each other extensively

81. resources can move easily from one region to another How do regions compete?

82. What is Regional Development? What are the kinds of policies we then see? Zero sum Pure promotion

83. Capturing mobile investment

84. Investment subsidies

85. Subsidised premises

86. What is Regional Development? What are the kinds of policies we then see? Growth enhancing Training

87. Fostering entrepreneurship

88. Helping new firms

89. Business advice

90. Uncertainty reduction

91. Coordination

92. Infrastructure investment

93. What is Regional Development? What are the kinds of policies we then see? Network enhancing Internal networking

94. External (non-local) networking

95. Benchmarking assessments

96. Airline and and air-freight links

97. Scanning globally for new knowledge

98. What is Regional Development? What are the alternative development strategies for localities and regions? Traditional development policies Top-down approach in which decisions about the areas where intervention is needed are taken in the national centre

99. Managed by the national central administration

100. Sectoral approach to development

101. Development of large industrial projects, that will foster other economic activity

102. Financial support, incentives and subsidies as the main factor of attraction of economic activity

103. What is Regional Development? What are the alternative development strategies for localities and regions? Local and regional development Promotion of development in all territories with the initiative often coming from below

104. Decentralized, vertical cooperation between different tiers of government and horizontal cooperation between public and private bodies

105. Territorial approach to development (locality, milieu)

106. Use of the development potential of each area, in order to stimulate a progressive adjustment of the local economic system to the changing economic environment

107. Provision of key conditions for the development of economic activity.

108. What is Regional Development? What are the alternative development strategies for localities and regions? Advantages of the local and regional development strategies Empower local societies and generate local dialogue

109. Help make local institutions more transparent

110. Firms better positioned to withstand global economic changes

111. Better quality jobs