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Strategies of gain and strategies of waste: What determines the success of development intervention?

Author

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  • Andrés Rodríguez-Pose
  • Callum Wilkie
Abstract
The development policy landscape has, in recent years, been dominated by four types of interventions: (1) infrastructure expansion and development; (2) the attraction of inward investment; (3) the promotion of innovation and development of human capital; (4) the cultivation of agglomeration and physical co-location. This paper engages with these four broad policy types with a view to, first, assess and comment on the utility of these approaches in different development contexts, and, second, provide an indication of what has worked and what has not worked in the design and implementation of these strategic actions. It relies on a review of a handful of ?strategies of gain' and 'strategies of waste' to ascertain insights into the steps that should be taken to maximise the likelihood that territorial development policies ? irrespective of the development axis towards which they are oriented ? fulfil their potential and contribute to the reduction of the territorial disparities in developed and developing contexts alike. The lessons drawn from this review are four-fold: i) development strategies composed of multiple related and mutually-reinforcing actions and interventions across development areas deliver better results; ii) strategic approaches to the promotion of economic growth that are solidly grounded in robust diagnoses are generally more successful; iii) the awareness of where exactly the territory is situated on the development spectrum is crucial; and iv) the institutional dimension cannot be left un-addressed in the design and implementation of policy interventions. These lessons are supplemented by a general framework relating to how territorial approaches to development should be designed for areas at different points in their development trajectories.

Suggested Citation

  • Andrés Rodríguez-Pose & Callum Wilkie, 2018. "Strategies of gain and strategies of waste: What determines the success of development intervention?," Papers in Evolutionary Economic Geography (PEEG) 1826, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2018.
  • Handle: RePEc:egu:wpaper:1826
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    References listed on IDEAS

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    Cited by:

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    2. Rodríguez-Pose, Andrés & Lee, Neil, 2020. "Hipsters vs. geeks? Creative workers, STEM and innovation in US cities," LSE Research Online Documents on Economics 103974, London School of Economics and Political Science, LSE Library.
    3. Dan S. Rickman & Hongbo Wang, 2020. "Whither the American west economy? Natural amenities, mineral resources and nonmetropolitan county growth," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 65(3), pages 673-701, December.
    4. Seyed Peyman Asadi & Ahmad Jafari Samimi, 2019. "Lagging-behind Areas as a Challenge to the Regional Development Strategy: What Insights can New and Evolutionary Economic Geography Offer?," Papers in Evolutionary Economic Geography (PEEG) 1923, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jul 2019.
    5. Rickman, Dan S. & Wang, Hongbo, 2018. "Whither the American West? Natural Amenities, Energy and Nonmetropolitan County Growth," MPRA Paper 90078, University Library of Munich, Germany.

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    More about this item

    Keywords

    Development; development strategies; institutions; territorial inequality; lagging areas;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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