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- W3202426376 abstract "The recent literature on the ‘geography of discontent’ has introduced a major break in the debate about the rationale for regional policy and its relevance, namely the motivation for ‘place-based’ and ‘place-sensitive’ policies. At the aggregate level, most economists would say that productivity growth and technological advance are rarely against employment and wages. Technological shocks may involve a transition or adjustment costs, but in the longer term, they are beneficial for economic development.1 Jobs can be destroyed in the processes of structural change and resource re-allocation, but many more are often created. The issue is how far those workers displaced from ‘old’ activities and sectors are able to find equally rewarding jobs in the new. Current debates about the future of work are precisely about these issues (see, for example, https://www.oecd.org/future-of-work/). However, at the local level, additional issues arise. The ‘creative destruction’ process need not to be spatially neutral. Some sectors and firms may disappear in a given region, whereas new sectors and firms are created in a different place. The question is: who wins and who loses from this process of change? The increased tertiarisation of our economies has meant that high-density areas have tended to gain, and low-density places have lost out because services, and especially knowledge-intensive services that thrive on tacit knowledge benefit from physical proximity. If further development of primary sectors is now limited, many industries have been delocalised abroad, and services cannot develop because of lack of density of firms and consumers, what economic activities can be developed in low-density and less urbanised areas?" @default.
- W3202426376 created "2021-10-11" @default.
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- W3202426376 date "2021-09-27" @default.
- W3202426376 modified "2023-10-17" @default.
- W3202426376 title "Regional policy narratives and the ‘geographies of discontent’" @default.
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- W3202426376 doi "https://doi.org/10.1093/cjres/rsab024" @default.
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