Unlocking public procurement as a tool for place-based industrial strategy
Recent market volatilities and disruptions have highlighted the perils of industrial atrophy and spatial inequality within advanced economies. Despite growing interest in lifting regional economic performance, entrenched neo-classical frameworks limit the extent of effective government intervention....
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| Veröffentlicht in: | Regional studies 2023-06, Vol.57 (6), p.1029-1042 |
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| container_title | Regional studies |
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| creator | Day, Christopher James Merkert, Rico |
| description | Recent market volatilities and disruptions have highlighted the perils of industrial atrophy and spatial inequality within advanced economies. Despite growing interest in lifting regional economic performance, entrenched neo-classical frameworks limit the extent of effective government intervention. This paper aims to ameliorate the tension between the free market focus on least-cost procurement and broader requirements for regeneration. Based on our literature review, we propose a novel framework recommending public procurement processes monetarize the significant and overlooked value of domestic investment within advanced manufacturing clusters. The financial benefits of such a strategic place-based approach are likely to be greatest in lagging regions. |
| doi_str_mv | 10.1080/00343404.2021.1956682 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0034-3404 |
| ispartof | Regional studies, 2023-06, Vol.57 (6), p.1029-1042 |
| issn | 0034-3404 1360-0591 |
| language | eng |
| recordid | cdi_proquest_journals_2819546293 |
| source | PAIS Index; EBSCOhost Business Source Complete |
| subjects | advanced manufacturing Atrophy Economic performance Free markets Government purchasing Inequality Lifting Literature reviews place-based industrial strategy Procurement public procurement Purchasing Regional development Regional economic development Regions State intervention |
| title | Unlocking public procurement as a tool for place-based industrial strategy |
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