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Transitions in Regional Development Policy: Comparative to Competitive Advantage

Citation

McCall, TJ, Transitions in Regional Development Policy: Comparative to Competitive Advantage, Regional Advantage and Innovation: achieving Australia's national outcomes, Springer, Susan Kinnear, Kate Charters and Peter Vitartas (ed), Heidelberg New York London, pp. 73-99. ISBN 978-3-7908-2798-9 (2013) [Research Book Chapter]

Copyright Statement

Copyright 2013 Springer-Verlag Berlin Heidelberg

DOI: doi:10.1007/978-3-7908-2799-6_4

Abstract

© 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'.

Item Details

Item Type:Research Book Chapter
Research Division:Studies in Human Society
Research Group:Political Science
Research Field:Environmental Politics
Objective Division:Law, Politics and Community Services
Objective Group:Government and Politics
Objective Field:Government and Politics not elsewhere classified
Author:McCall, TJ (Dr Tony McCall)
ID Code:85278
Year Published:2013
Deposited By:Social Sciences
Deposited On:2013-06-24
Last Modified:2017-10-20
Downloads:0

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