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The Rise and Fall of Urban EconomiesLessons from San Francisco and Los Angeles$
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Michael Storper, Thomas Kemeny, Naji Makarem, and Taner Osman

Print publication date: 2015

Print ISBN-13: 9780804789400

Published to Stanford Scholarship Online: May 2016

DOI: 10.11126/stanford/9780804789400.001.0001

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Economic Development Policies

Economic Development Policies

Their Role in Economic Divergence

(p.111) 6 Economic Development Policies
The Rise and Fall of Urban Economies

Michael Storper

Thomas Kemeny

Naji Philip Makarem

Taner Osman

Stanford University Press

Regional economic development is shaped by many policies, which are implemented by national governments, regional and state governments, and local governments. But local economic development policies in Greater Los Angeles and the San Francisco Bay Area since 1970 had little to do with the economic divergence of these two regions. In reality, many so-called economic development policies have little to do with economic development as such, instead emphasizing land use changes and competition for sales tax revenue rather than industry and job development. Many of the problems with local planning and development policies in the United States in general are exemplified by the comparison of the San Francisco Bay Area and Greater Los Angeles.

Keywords:   local economic development policy, cluster policy, infrastructure policy, megaprojects, workforce training, business attraction policy, port-logistics policy, public spending priorities

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