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Reconsidering Private Sector Engagement in Subnational Economic Governance

Author

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  • Stephen Syrett

    (Centre for Enterprise and Economic Development Research, Middlesex University, The Burroughs, London NW4 4BT, England)

  • Marcello Bertotti

    (Institute for Health and Human Development, University of East London, Water Lane, London E15 4LZ, England)

Abstract

One consequence of the economic downturn and pressure for public sector reform is a renewed focus upon private sector engagement (PSE) within subnational economic governance. Yet past attempts to promote PSE within urban and regional development policy and governance have been routinely characterised by the partial and uneven involvement of business interests. Adopting a strategic—relational approach, and building upon insights from the developing literature on business—society relations, this paper critically examines how PSE unfolded in a specific spatial and temporal context, through empirical investigation of the evolution of the City Growth Strategy as realised within two areas in London. This analysis explores the difference between policy script and business performance and identifies key dimensions of material self-interest, nonmarket-based rationales, and divergent private/public discourses as critical to the selective nature of emergent PSE strategies and tactics. Critically, these issues remain largely unaddressed within current moves to put in place a private sector led subnational agenda, with clear consequences for understanding its likely impact across differentially constituted urban and regional contexts.

Suggested Citation

  • Stephen Syrett & Marcello Bertotti, 2012. "Reconsidering Private Sector Engagement in Subnational Economic Governance," Environment and Planning A, , vol. 44(10), pages 2310-2326, October.
    • Handle: RePEc:sae:envira:v:44:y:2012:i:10:p:2310-2326
    DOI: 10.1068/a44675
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    References listed on IDEAS

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    Cited by:

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    2. Brita Hermelin & Grete Rusten, 2018. "A place-based approach to social entrepreneurship for social integration – Cases from Norway and Sweden," Local Economy, London South Bank University, vol. 33(4), pages 367-383, June.
    3. Duncan Adam & Anne E Green, 2016. "Soft spaces and soft outcomes: Experiences from City Strategy on local partnership working and measures of success," Environment and Planning A, , vol. 48(8), pages 1514-1531, August.
    4. John Harrison, 2014. "The rise of the non-state ‘place-based’ economic development strategy," Local Economy, London South Bank University, vol. 29(4-5), pages 453-468, June.

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