Presidential Address: Industry Location, Economic Development Incentives, and Clusters
AbstractIn his Presidential Address, Professor Woodward uses South Carolina’s economic development experience as a case study of significant challenges in regional development. The state has re-industrialized and emerged as a leader in attracting capital investment through generous financial incentives, after watching the demise of its major industry cluster (textiles and apparel) since the 1970s. The address argues that regional science research continues to advance our understanding of regional policies promoting industrial location. He urges caution regarding development incentives as a regional strategy. Instead, emerging research suggests that stronger agglomeration and cluster-based strategies are better suited to promote contemporary economic development.
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Bibliographic InfoArticle provided by Southern Regional Science Association in its journal Review of Regional Studies.
Volume (Year): 42 (2012)
Issue (Month): 1 (Spring)
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economic development; industry location; incentives;
Find related papers by JEL classification:
- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
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