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date: 24 February 2020

Abstract and Keywords

Since its inception after World War II, the practice of local and regional economic development has been largely divorced from national economic development policies. This is in part because the former was focused on addressing regional problems in what was assumed to be a healthy national economy. But as the US economy has suffered from serious structural decline, this relationship can no longer be taken as a given. As such, it is time to more effectively link national and local economic development efforts through innovation if both are to be successful. In particular, we need to move the practice of state and local economic development towards positive-sum activities that help local economies and economic growth but also national competitiveness. The force of globalization have had a big impact on manufacturing that has resulted in rethinking both urban and regional planning.

Keywords: innovation, economics, competitiveness, economic development, economic growth, globalization, manufacturing, urban planning, regional planning

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