Global Economic Crisis and Local Economic Development International cases and policy responses

This book offers a collaborative investigation of the policies and practices which have redeveloped local and national economies in the aftermath of the global economic crisis which erupted in 2008. It explores 'localised' models of economic development, including problems of diversity and balance and the role of firms, industries and clusters, alongside comparative studies of policy responses to the crisis at local, regional and national levels Global Economic Crisis and Local Economic Development seeks routes for economic development in a post-crisis world. The roles of innovation, entrepreneurship, knowledge infrastructures, public policies, business strategies and responses, as well as global contexts and positioning are explored as investigative themes which run throughout the collection as a whole. This text brings together a range of international disciplinary experts from economics, geography, history, business and management, politics and sociology. Its coverage is comparative and global, with contributions focusing on the U.S., Japan, China, and India, as well as European contexts and cases. This book is of value both for the intrinsic quality of its individual studies and for the contrasts and comparisons enabled by the collection when viewed as a whole. It has an accessible but rigorous style, making it ideal for a range of users including academics, researchers and students who study economic development and regional development.

1. Introduction Jason Begley, Dan Coffey, Tom Donnelly, and Carole Thornley 2. Creating Local Economic Resilience: co-operation, innovation and firms’ absorptive capacity Jonathan Michie and Christine Oughton 3. Global Economic Crises and local fortunes:the case of Oxfordshire and Buckinghamshire Rupert Waters and Helen Smith 4. Regional Capabilities and Industrial Resiliency:specialization and diversification dynamics in Lowell, Massachusetts Michael H. Best 5. From recession to re-industrialization: a case study of employment changes in North Carolina Ian Taplin and Minh-Trang Thi Nguyen 6. Institutional Change, Industrial Logics and Internationalization:growth of the auto and IT sectors in India Anthony D’Costa 7. A System Abandoned:20 years of management, corporate governance and labour market reforms in Japan Holger Bungsche 8. China and the Global Recession Jason Begley and Tom Donnelly 9. North American and European Responses to crisis in the motor vehicle industry James Rubenstein 10. Addressing ‘Strategic Failure’: widening the public interest in the UK financial and energy sectors J.R. Branston, Keith G. Cowling, Philip R. Tomlinson and J.R. Wilson

Jason Begley is Research Fellow at Centre for Business in Society, and is Head of the Motor Industry Observatory (MIO), Coventry University, UK.Dan Coffey is Graduate School Director and Senior Lecturer at Leeds University Business School, University of Leeds, UK.Tom Donnelly is Professor of Automotive Business at Coventry University Business School, Coventry University, UK.Carole Thornley is Emeritus Professor of Employment and Public Policy at University of Keele, UK.