Technology-Based Regional Economic Development: Institutional Perspectives from the United States and...

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Akio Nishizawa David V. Gibson

Technology-Based Regional Economic Development

Institutional Perspectives from the United States and Japan

Akio Nishizawa, David V. Gibson

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English

Routledge
08 October 2024

Development studies; Economic growth; Research & development management; Information technology industries; Human geography

Series: Routledge Advances in Regional Economics, Science and Policy

Regional technology-based economic development and the recruitment and retention of talent is a top priority of city-regions in the United States and in countries around the world. However, policy recommendations from government officials, industry leaders and academics are often ambiguous or are in conflict. To address these issues, this book deals with the complex intersection of institutional theory and national and regional policy initiatives.

It provides an overview of United States and Japanese technology policy development at the national level with case analyses of Austin, Texas and Tsuruoka, Japan to identify key regional strategies and processes that have resulted in successful endogenous technology-based business development and job creation. It offers an innovative analytical perspective to improve our understanding of how successful tech-based regional economic development works in theory and practice. The book’s discussion is grounded on important technology paradigm shifts in the US and Japan from 1970 to 1980 leading to current realities. To address the complex “Puzzle of Space” conundrum, the authors describe similarities and differences in regional development processes in Austin and Tsuruoka. They present a generalizable model indicating necessary and sufficient conditions linked to the building of new “Small i” institutions at normative and cognitive levels of analysis in consort with regulative policy and innovations at macro level “Capital I” institutions. The book clearly explains the relations between institutions and economic growth, an important issue in contemporary economics.

The book’s conclusions clarify critical success factors for endogenous regional development growth theory and lead to recommendations for policymakers who are searching for ways to achieve success.

By: Akio Nishizawa, David V. Gibson
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 412g
ISBN: 9781032784908
ISBN 10: 1032784903
Series: Routledge Advances in Regional Economics, Science and Policy
Pages: 119
Publication Date: 08 October 2024
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

Akio Nishizawa is a Senior Research Fellow of New Industry Creation Hatchery Center (NICHe) and Professor Emeritus at TOHOKU University, Sendai, Japan. David V. Gibson is a Senior Research Scientist Emeritus at the IC² (Innovation, Creativity, Capital) Institute, The University of Texas, Austin.