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Local Economic Development in the 21st Century: Quality of Life and Sustainability, by Daphne T. Greenwood and Richard P.F. Holt

Local Economic Development in the 21st Century: Quality of Life and Sustainability, by Daphne T.... Eastern Economic Journal, 2013, 39, (256–282) r 2013 EEA 0094-5056/13 www.palgrave-journals.com/eej/ Book Reviews Local Economic Development in the 21st Century: Quality of Life and Sustainability. Edited by Daphne T. Greenwood and Richard P.F. Holt. M.E. Sharpe, Armonk, New York, 2010. 215pp. $65.30, ISBN: 0-765620936 (hardcover); $39.95, ISBN: 0-765620944 (paperback). Natalia V. Smirnova College of Mount Saint Vincent Local Economic Development in the 21st Century deals with important contemporary issues of quality of life and sustainability, and their impact on economic develop- ment. Greenwood and Holt argue that economic growth alone does not constitute economic development and one must consider all costs of growth when evaluating private and public investment projects. Their book will appeal to the general public, students of economics and public policy, policy makers, and economists. The exposition is straightforward; there is no economic modeling; tables and graphs are simple and easy to understand. The argument of the book can be summarized by four rules for economic development that the authors present in Chapter 1 and repeat in the conclusion. “Rule #1: Economic development is much more than economic growth.” Chapter 1 argues that business incentives given to promote economic growth must be evaluated in terms of http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Eastern Economic Journal Springer Journals

Local Economic Development in the 21st Century: Quality of Life and Sustainability, by Daphne T. Greenwood and Richard P.F. Holt

Smirnova, Natalia V
Eastern Economic Journal , Volume 39 (2) – Mar 12, 2013
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Publisher
Springer Journals
Copyright
Copyright © 2013 by Eastern Economic Association
Subject
Economics; Economics, general; Economic Theory/Quantitative Economics/Mathematical Methods
ISSN
0094-5056
eISSN
1939-4632
DOI
10.1057/eej.2011.13
Publisher site
See Article on Publisher Site

Abstract

Eastern Economic Journal, 2013, 39, (256–282) r 2013 EEA 0094-5056/13 www.palgrave-journals.com/eej/ Book Reviews Local Economic Development in the 21st Century: Quality of Life and Sustainability. Edited by Daphne T. Greenwood and Richard P.F. Holt. M.E. Sharpe, Armonk, New York, 2010. 215pp. $65.30, ISBN: 0-765620936 (hardcover); $39.95, ISBN: 0-765620944 (paperback). Natalia V. Smirnova College of Mount Saint Vincent Local Economic Development in the 21st Century deals with important contemporary issues of quality of life and sustainability, and their impact on economic develop- ment. Greenwood and Holt argue that economic growth alone does not constitute economic development and one must consider all costs of growth when evaluating private and public investment projects. Their book will appeal to the general public, students of economics and public policy, policy makers, and economists. The exposition is straightforward; there is no economic modeling; tables and graphs are simple and easy to understand. The argument of the book can be summarized by four rules for economic development that the authors present in Chapter 1 and repeat in the conclusion. “Rule #1: Economic development is much more than economic growth.” Chapter 1 argues that business incentives given to promote economic growth must be evaluated in terms of

Journal

Eastern Economic Journal – Springer Journals

Published: Mar 12, 2013

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