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Externalities, Learning and Governance: New Perspectives on Local Economic Development

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  • Bert Helmsing

Abstract

In spite of growing mobility of production and production factors, economic development is increasingly localized in economic agglomerations. This article reviews three partially overlapping perspectives on local economic development, which derive from three factors intensifying the localized nature of economic development: externalities, learning and governance. Externalities play a central role in the new geographical economics of Krugman and in new economic geography of clusters and industrial districts. The dynamics of local economic development are increasingly associated with evolutionary economic thinking in general and with collective learning in particular. Inter‐firm and extra‐firm organization has experienced considerable innovation in the last few decades. New institutional devices are based on the notions of commodity chain, cluster and milieu. These innovations introduce new issues of economic governance both at the level of industry and of territory.

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  • Bert Helmsing, 2001. "Externalities, Learning and Governance: New Perspectives on Local Economic Development," Development and Change, International Institute of Social Studies, vol. 32(2), pages 277-308, March.
    • Handle: RePEc:bla:devchg:v:32:y:2001:i:2:p:277-308
    DOI: 10.1111/1467-7660.00206
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    Cited by:

    1. Karlsson, Charlie & Rouchy, Philippe, 2015. "Regional Economic Development, Social Capital and Governance: A Buchanian Approach," Working Paper Series in Economics and Institutions of Innovation 390, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    2. Fabio BLANCO-MESA & Ana María GIL-LAFUENTE, 2017. "Towards a Competitiveness in the Economic Activity in Colombia: Using Moore's Families and Galois Lattices in Clustering," ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH, Faculty of Economic Cybernetics, Statistics and Informatics, vol. 51(3), pages 231-250.
    3. Gomez, Georgina M. & Helmsing, A.H.J., 2008. "Selective Spatial Closure and Local Economic Development: What Do We Learn from the Argentine Local Currency Systems?," World Development, Elsevier, vol. 36(11), pages 2489-2511, November.
    4. Charlie Karlsson, 2012. "Entrepreneurship, social capital, governance and regional economic development: an introduction," Chapters, in: Charlie Karlsson & Börje Johansson & Roger R. Stough (ed.), Entrepreneurship, Social Capital and Governance, chapter 1, pages 1-26, Edward Elgar Publishing.
    5. James T Murphy, 2006. "The Sociospatial Dynamics of Creativity and Production in Tanzanian Industry: Urban Furniture Manufacturers in a Liberalizing Economy," Environment and Planning A, , vol. 38(10), pages 1863-1882, October.
    6. Megan K Blake & Susan Hanson, 2005. "Rethinking Innovation: Context and Gender," Environment and Planning A, , vol. 37(4), pages 681-701, April.
    7. Antonio Cecchi & Enrico Giovannetti, 2006. "Spatial Mismatch and Mobility Involvements: a Common Approach for the Urban Sprawl Parma-Bologna," Center for the Analysis of Public Policies (CAPP) 0026, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    8. Cruz Díaz, Joel & Blandón Lopez, Alexander & Cruz Rincón, Diego, 2018. "Pertinencia de los instrumentos de desarrollo empresarial ofertados por entidades que conforman la Comisión Regional de Competitividad e Innovación del departamento del Quindío," Revista Tendencias, Universidad de Narino, vol. 19(1), pages 46-68, January.
    9. Johannes Machaka & Simon Roberts, 2003. "The Dti'S New‘Integrated Manufacturing Strategy?’," South African Journal of Economics, Economic Society of South Africa, vol. 71(4), pages 679-704, December.
    10. Evelyn Agba Tackie & Hao Chen & Isaac Ahakwa & Samuel Atingabili & Kobina Abaka Ansah, 2022. "Investigating the Relationship Between Local Business and Employment Creation for Poverty Reduction in Northern Ghana: The Moderating Role of Local Economic Development (LED) Policy," SAGE Open, , vol. 12(2), pages 21582440221, June.
    11. María Alderete & Miguel Bacic, 2012. "The impact of inter-firm networks on regional development: the case of Mendoza’s wine cluster," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 76, pages 177-213.
    12. Wim Naudé & Maarten Bosker & Marianne Matthee, 2010. "Export Specialisation and Local Economic Growth," The World Economy, Wiley Blackwell, vol. 33(4), pages 552-572, April.
    13. Murphy, James T., 2007. "The Challenge of Upgrading in African Industries: Socio-Spatial Factors and the Urban Environment in Mwanza, Tanzania," World Development, Elsevier, vol. 35(10), pages 1754-1778, October.
    14. Koster, Hans R.A. & van Ommeren, Jos & Rietveld, Piet, 2014. "Estimation of semiparametric sorting models: Explaining geographical concentration of business services," Regional Science and Urban Economics, Elsevier, vol. 44(C), pages 14-28.
    15. Jiang Wei & Minfei Zhou & Mark Greeven & Hongyan Qu, 2016. "Economic governance, dual networks and innovative learning in five Chinese industrial clusters," Asia Pacific Journal of Management, Springer, vol. 33(4), pages 1037-1074, December.

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