University of Tasmania
Browse

File(s) under permanent embargo

Transitions in Regional Development Policy: Comparative to Competitive Advantage

chapter
posted on 2023-05-22, 14:12 authored by McCall, TJ
© 2013 Springer-Verlag Berlin Heidelberg. All Rights Reserved. This chapter explores the progress of international regional development policy, including new regionalism and the knowledge economy, regional innovation systems, and constructed advantage. The role of SMEs is highlighted in anchoring regional science, and collaboration is examined as an emerging driver of competitive advantage. The text explains the rise of globalisation in shifting the focus of regional science from competitive to comparative advantage, based on the abilities of regional SMEs to operate in the global context. However, the failures of this as a base for regional policy are highlighted, and 'new regionalism' is instead explored as a theoretical base to connect globalisation with the knowledge-based economy. The chapter remarks on the emerging perspective that knowledge is apidly becoming an important input to economic growth, and that regions can rapidly respond to opportunities presented by the knowledge economy due to their pre-existing social capital and commercial networks. It also provides a critical analysis of new regionalism (NR) theory, its policy implications, and the research questions arising about how NR links with innovation, regional innovation systems, governance and institutional design, and intervention. Finally, the chapter covers the theory of regional innovation systems, including the implementation of regional development platform methods (RDPM) to enhance opportunities for regional enterprises-providing an alternative collaborative business model for defining 'how regions do business'.

History

Publication title

Regional Advantage and Innovation: achieving Australia's national outcomes

Edition

1st

Editors

Susan Kinnear, Kate Charters and Peter Vitartas

Pagination

73-99

ISBN

978-3-7908-2798-9

Department/School

School of Social Sciences

Publisher

Springer

Place of publication

Heidelberg New York London

Extent

21

Rights statement

Copyright 2013 Springer-Verlag Berlin Heidelberg

Repository Status

  • Restricted

Socio-economic Objectives

Government and politics not elsewhere classified

Usage metrics

    University Of Tasmania

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC