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2018 | OriginalPaper | Buchkapitel

2. Evolutionary Complexity Geography and the Future of Regional Innovation and Growth Policies

verfasst von : Philip Cooke

Erschienen in: Resilience and Regional Dynamics

Verlag: Springer International Publishing

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Abstract

This chapter reviews some key conceptual and practical barriers that have hampered territorial economic development prospects in most advanced countries for some time. It is argued in the paper that influential development thinkers and policy organisations, supranational (UNIDO; World Bank; EU) as well as national and regional became wedded in an unholy alliance of neoclassical economic dogma and neoliberal policy ideology during the period from approximately 1980 to the 2008 global financial crash and beyond to the time of writing (2015). In outline, neoclassical dogma stressed the virtues of spatial ‘specialisation’ as an economic development virtue. The heart of this perspective with its claimed inheritance from Marshall to Arrow to Romer coalesced in the nowadays nearly ubiquitous spatial policy image if not always the reality of “clusters”. The neoliberal accompaniment was that “efficient markets” were superior allocation mechanisms to markets shaped by policies to overcome “market failure”, “adverse selection”, and so-called “agency” problems. The great escape from such cognitive and policy “lock-in” involves demonstration in conceptual and many comparative empirical studies that regional knowledge and innovation flows were no longer, if they ever had been, vertical, linear and cumulative but horizontal, variegated and combinative. In this brief review evolutionary economic geography (EEG) is refashioned as evolutionary complexity geography (ECG) which, with acknowledgement to recent resilience issues, is grounded by reference to exemplars of transversality, which is the name for innovation and knowledge flows policy that overcomes the cognitive and policy lock-ins described above.

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Vorheriges Kapitel Correction to: Resilience and Regional Dynamics

Nächstes Kapitel Evolutionary Resilience Shifting Territorial Development Paradigms

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Krugman (1991) displays the centrality of innovation in his theory of city agglomeration while admitting it is simplistic: “There are assumed to be two technologies for producing manufactured goods: a “traditional” technique that produces goods under constant returns at a unit cost c1, and a “modern” technique with a marginal cost lower than c1, but that involves a fixed cost F per production site… If manufacturing is dispersed, an optimally located modern plant will be a distance of 1/4 from its average consumer, and will thus incur transport costs tx/4. On the other hand, if all manufacturing were concentrated at z = 0.5, an urban plant located at the same point could serve a fraction π of consumers at zero transport cost, and incur transport costs of only (l—π) tx/4…” This story bears an obvious resemblance to the Big Push story of Rosenstein-Rodan (1943).

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Titel: Evolutionary Complexity Geography and the Future of Regional Innovation and Growth Policies
verfasst von: Philip Cooke
Verlag: Springer International Publishing
Buch: Resilience and Regional Dynamics
Print ISBN: 978-3-319-95134-8

Electronic ISBN: 978-3-319-95135-5

Copyright-Jahr: 2018
DOI: https://doi.org/10.1007/978-3-319-95135-5_2

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