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Building regional 'goodwill': on the financialization of subnational economic governance.
- Source :
- Regional Studies Regional Science; Dec2020, Vol. 7 Issue 1, p309-317, 9p
- Publication Year :
- 2020
-
Abstract
- Subnational economic governance has witnessed ongoing transformation as part of what is argued as a financialization of the policy process. Within England, recent reform has seen two specific tendencies: a transformation attempting greater integration between industrial structure and subnational spaces; and more entrepreneurial practices incorporating businesses as key actors. Here, city-regional agglomeration models have been adopted to activate internal resource. This paper explores the effect of these changes on policy continuity amongst constituent parts of the city-region through the concept of goodwill. It focuses on the Greater Birmingham and Solihull region of the UK and its relationship with a constituent locality: Southern Staffordshire. It argues reform has redrawn the subnational map with greater sensitivity around industrial structure. Adapting modes of financializing the governance process, however, using city-regions' presumed benefits around competitiveness and efficiency, frame this sensitivity. A form of goodwill has thus emerged founded around compliance with orthodox city-regional interpretations, supplementing financial shortfalls yet reinforcing further space–policy separation. [ABSTRACT FROM AUTHOR]
- Subjects :
- FINANCIALIZATION
Subjects
Details
- Language :
- English
- ISSN :
- 21681376
- Volume :
- 7
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Regional Studies Regional Science
- Publication Type :
- Academic Journal
- Accession number :
- 147601801
- Full Text :
- https://doi.org/10.1080/21681376.2020.1794949