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Process View of Local Economy

In: New Urban Management: Attracting Value Flows to Branded Hubs

Author

Listed:
  • Ari-Veikko Anttiroiko

    (University of Tampere)

Abstract

The promotion of local economic development takes place in an increasingly fluid economic environment. This is why local governments benefit from better self-understanding of their nature as hubs of flows or ‘dissipative structures’, which opens up a view of a city’s interaction with the outside world. This chapter builds a picture of local economy within such a framework. Discussion starts from approaches to flows and continues with flow-based views of urban community and economy. It conceptualises local economic processes and builds ideal models of growing and declining city, which illustrate the idea of city as a dissipative structure. Lastly, this section discusses the implications of such a view to local economic development policy.

Suggested Citation

  • Ari-Veikko Anttiroiko, 2015. "Process View of Local Economy," Palgrave Macmillan Books, in: New Urban Management: Attracting Value Flows to Branded Hubs, chapter 2, pages 9-25, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-53264-0_2
    DOI: 10.1057/9781137532640_2
    as

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