Title Coping with adversity : regional economic resilience and public policy / Harold Wolman, Howard Wial, Travis St. Clair, and Edward Hill

Published Ithaca : Cornell University Press, 2017 ©2017

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Description 1 online resource (vii, 267 pages) Contents Shocks and regional economic resilience -- Chronic distress and regional economic resilience -- Regions that lacked resilience -- Resilient regions -- How well do policies to achieve resilience work : policies directed toward business and individuals -- How well do policies to achieve resilience work : policies directed toward public goods, institutions, and leadership -- Conclusion, summary and policy implications : can regional economic development policies make a difference? Summary Coping with Adversity addresses the question of why some metropolitan-area regional economies are resilient in the face of economic shocks and chronic distress while others are not. It is particularly concerned with what public policies make a difference in whether a region is resilient. The authors employ a wide range of techniques to examine the experience of all metropolitan area economies from 1978-2014. They then look closely at six American metropolitan areas to determine what strategies were employed, which of these contributed to regional economic resilience, and which did not. Charlotte, North Carolina, Seattle, Washington, and Grand Forks, North Dakota, are cases of economic resilience, while Cleveland, Ohio, Hartford, Connecticut, and Detroit, Michigan, are cases of economic nonresilience. The six case studies include hard data on employment, production, and demographics, as well as material on public policies and actions. The authors conclude that there is little that can done in the short term to counter economic shocks; most regions simply rebound naturally after a relatively short period of time. However, they do find that many regions have successfully emerged from periods of prolonged economic distress and that there are policies that can be applied to help them do so. Coping with Adversity will be important reading for all those concerned with local and regional economic development, including public officials, urban planners, and economic developers Bibliography Includes bibliographical references and index Notes Online resource; title from digital title page (viewed on December 12, 2017) Subject Financial crises -- United States Urban policy -- United States BUSINESS & ECONOMICS -- Economics -- General. BUSINESS & ECONOMICS -- Reference. BUSINESS & ECONOMICS -- Urban & Regional. Economic history -- Regional disparities Economic policy Financial crises Urban policy SUBJECT United States -- Economic conditions -- 20th century -- Regional disparities United States -- Economic conditions -- 21st century -- Regional disparities United States -- Economic policy -- 20th century. http://id.loc.gov/authorities/subjects/sh2001001961 United States -- Economic policy -- 21st century Subject United States Form Electronic book Author Wial, Howard, author St. Clair, Travis, author Hill, Edward W., author LC no. 2017022715 ISBN 9781501709494 1501709496 0801451698 9780801451690 9780801478543 0801478545

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