Regional Economic Development Planning
University of Queensland
Area of Study
Economics, Urban Studies and Planning
Taught In English
Course Level Recommendations
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Host University Units2
Recommended U.S. Semester Credits4
Recommended U.S. Quarter Units6
Hours & Credits
OverviewCourse DescriptionTheories of regional development; tools for regional economic analysis; community audits & evaluation of institutional capacity & capability; shift-share, inputs-outputs, industry cluster, & multi-sectorial analysis; strategic planning for undertaking regional economic development; regional economic policy & practice; studies from Australia, USA, US, & Europe.Course IntroductionGEOG3000 Regional Economic Development Planning first acknowledges the traditional owners of country around St Lucia, the elders of the Jaggera and Turrbal groups.This course explains the theory, method and practice of regional economic development planning. The field can be defined in many ways but is broadly understood to include processes initiated by communities, the private sector and different levels of government to stimulate and manage business activity, competition and employment at the regional level. Regional economies can be of varying sizes but all are a subset of a national economy, allowing established macro and micro economic approaches to be adapted for analytical purposes.The importance of regional development has been recognised throughout modern history. Countries are concerned about it for economic, social and environmental reasons. The economic rationales have to do with effectiveness, efficiency and equity, since overheated or under-performing regions make a less than optimal contribution to national growth and wealth. These disjunctions can also be reflected in the social domain, with regional advantage leading to immigration and regional disadvantage producing emigration or potentially destabilising political movements (separatist pressures). Environmentally, regional development can cause spillovers or negative externalities, as in the case of cross-border pollution, which might need to be dealt with at a bi- or multi-lateral (country to country) level. For all these reasons, regional economic development is a significant focus of investigation and practice.As with any study, consideration of regional economic development involves the educational elements of content (detail), process (intellectual abilities), skills (practical abilities) and affect (ways of valuing).In terms of content, then, you need to understand the forces shaping regional economic development in advanced and other countries. The substantive material has five domains to be explained below: a statement of context and objectives; theories and approaches; analytical and planning techniques; policies, plans and tools; and political economic frameworks for regional and local development.Concerning process, you might come to recognise that, despite the prevalence of uncertainty, market systems can dispense growth and wealth if appropriate responses are undertaken. The problems are that the market is highly dynamic and, due to distortions, its playing fields are far from level. Development opportunities are both thrown up by the system and also have to be created by individual participants via recognition of resource capability, technological innovation, exploitation of market openings and so on. Accessing development opportunities in the face of increasing globalisation remains an ongoing struggle and some regions are more capable than others. At the same time, care must be taken to ensure that economic, social and environmental outcomes are sustainable. Conceptualising these parameters and operationalising development responses is the process task of this course.Practical skills objectives involve the ability to work within a team and to express oneself on paper in assessment situations. Students will also have the opportunity to develop commercial level presentation skills in oral communication set around a strategic exercise in regional or network development.Affect, namely opinion, feeling or sentiment about development issues, is the ultimate basis of policy and action. The need is to construct and maintain a position within a number of affective spectra -- long term inter-regional equilibrium versus disequilibrium; private versus public initiative; macroeconomic versus microeconomic initiatives; self help versus public intervention; and top down versus bottom up. You should be able to recognise the affective elements in regional economic development planning and to express your preferences. There is no suggestion of a singular value position; the point is to be able to conceptualise and apply the content of the course to argue or back up your chosen case. Affect is important because it is the stuff of politics and politics has a strong role in regional economic development.Class Contact3 Contact hoursAssessment SummaryProject Report: 40%Final Exam: 60%
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