The Rise and Fall of Urban Economies: Lessons from San Francisco and Los Angeles
The Rise and Fall of Urban Economies: Lessons from San Francisco and Los Angeles
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Abstract
In 1970, the metropolitan areas of Los Angeles and San Francisco had almost identical levels of income per resident. In 2010, the San Francisco Bay Area was almost one third richer than Los Angeles, which had slipped from 4th rank among cities in the United States to 25th. The usual reasons for explaining such change—good or bad luck, different types of immigrants, tax rates, housing costs, and local economic policies, the pool of skilled labor—do not account for why they perform so differently. Instead, the divergence in economic development of major city regions is largely due to the different capacities for organizational change in their firms, networks of people, and networks of leaders. Drawing on economics, sociology, political science, and geography, this book sheds new light on the deep causes of economic development and challenges many conventional notions about it. By studying two regions in unprecedented levels of depth and precision, it develops lessons for the field of economic development studies in general and for urban regions around the world.
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Front Matter
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1
The Divergent Development of Urban Regions
Michael Storper and others
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2
Divergent Development: The Conceptual Challenge
Michael Storper and others
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3
The Motor of Divergence: High-Wage or Low-Wage Specialization
Michael Storper and others
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4
The Role of Labor in Divergence: Quality of Workers or Quality of Jobs?
Michael Storper and others
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5
Economic Specialization: Pathways to Change
Michael Storper and others
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6
Economic Development Policies: Their Role in Economic Divergence
Michael Storper and others
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7
Beliefs and Worldviews in Economic Development: To Which Club Do We Belong?
Michael Storper and others
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8
Seeing the Landscape: The Relational Infrastructure of Regions
Michael Storper and others
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9
Connecting the Dots: What Caused Divergence?
Michael Storper and others
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10
Shaping Economic Development: Policies and Strategies
Michael Storper and others
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11
Improving Analysis of Urban Regions: Methods and Models
Michael Storper and others
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End Matter
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