An Introduction to Place-Based Development Economics and Policy

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Focusing on local development economics, the book critiques the assumption that economic growth in underdeveloped areas occurs naturally through competition. It highlights the inadequacies of the Washington Consensus and contrasts spatially blind interventions with place-based policies. The text emphasizes how immobile resources often remain untapped under the former approach and examines the shortcomings of traditional state interventions. Ultimately, it advocates for place-based policies that can effectively address uncertainty, risk, and conflict in development strategies.