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date: 20 February 2020

Abstract and Keywords

This chapter provides a systematic framework for understanding what shapes the economic performance of cities, regions, and states, or places, and how that performance can be enhanced. In particular, this framework is based on four pillars—factors and resources, spatial structure and organization, the human dimension, and policy. While policymakers with a mandate to improve the economic performance of their place have tended to gravitate toward singular policy solutions and approaches, such as “smoke stack chasing,” clusters, or the creative class, this framework instead suggests a broad range of diverse policy targets and instruments. Taken together, the framework for generating local competitiveness constitutes the strategic management of place.

Keywords: local competitiveness, region, city, economic performance, entrepreneurship, innovation, clusters, creative class, human capital, strategy

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