The New Regional Economies

The US Common Market and the Global Economy

William R. Barnes, Larry C. Ledebur

• Publisher: SAGE Publications, Inc
• Year: 1997
• Print ISBN: 9780761909392, 9780761909385
• eBook ISBN: 9781452249940
• Edition: 1
• Topic: Biological Sciences
• Subtopic: Environmental Science
• Index: Biological Sciences

Traditionally, we take a nationalist view of our economy. Our politics and economics are wedded in the political economy of the nation state and the nationalist economic policies. This "nationalist paradigm" is, however, showing signs of fatigue: The role of the nation state is diminishing as the economy globalizes; our national accounting systems are less effective, technology forces change; trading blocs are emerging; there is less control of exchange rates; regional economies are restructuring; and competitive environments are changing. This book poses that political jurisdictions are not economies but polities, and explores the complex and important economic implications of this thesis. In reality, metropolitan-centered economic regions are the basic economic units and the building blocks of the U.S. economy. The linked, interdependent system of local economic regions form the U.S. Common Market, which in turn thrives within a global context of mutuality and interdependence. William R. Barnes and Larry C. LedeburÆs paradigm shift from the "nation as the economy" to the "national system of local economic regions" changes the framework in which we think about governance and policy and puts this book at the forefront of U.S. economic thought.

Table of contents

• Cover
• Contents
• Series Editors' Introduction
• Foreword
• Acknowledgments
• Chapter 1 - Introduction and Overview
• Chapter 2 - The Nation as Economy: Triumph of a Faulty Paradigm
• Chapter 3 - The Economic Region
• Chapter 4 - The Internal Interdependence of Regions
• Chapter 5 - Business Cycles and Local Economies
• Chapter 6 - Economic Federalism and the New Political Economy
• Chapter 7 - The Regional Economic Commons
• Chapter 8 - The Global Commons
• Chapter 9 - Intergovernmental Roles in Economic Policy Making
• Chapter 10 - Policy and Governance for the Regional Economic Commons
• Chapter 11 - The United States Common Market: Policy and Governance
• Chapter 12 - Afterword: The Challenge and the Opportunity
• Index
• About the Authors