Regional Policies: Promoting Competitiveness in the Wake of Globalisation

    Research output: Chapter in Book/Report/Conference proceedingBook chapterResearch


    This chapter highlights several approaches, beginning with the slippery concept of social capital and the way it is used to explain economic growth. It examines policies to strengthen the university industry linkage to promote national and regional economic development. The chapter deals with a number of reflections on competitiveness. The process of globalisation has highlighted an internal tension that has long lurked beneath the surface of the nation state. The changes from inward to more outward looking national bureaucracies is of substantial significance for regions that will themselves increasingly have to coordinate national and super-national policies within their defined territories. The process of globalisation highlights this contradiction as new opportunities arise for utilising the ownership of private capital to create and benefit from activities that take place outside the jurisdiction and territory of the nation state. Social capital contributes to economic performance by reducing inter-firm transaction cost, i.e. "search and information costs, bargaining and decision costs, policing and enforcement costs".
    Original languageEnglish
    Title of host publicationPromoting Local Growth : Process, Practice and Policy
    EditorsDaniel Felsenstein, Michael Taylor
    Number of pages16
    Place of PublicationAldershot
    Publication date2001
    ISBN (Print)075461686X, 9781138734999
    ISBN (Electronic)9781315186849
    Publication statusPublished - 2001
    SeriesThe organisation of industrial space

    Bibliographical note

    Reissued in 2019 by Routledge.

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