Contemporary Crisis Across Europe and the Crisis of Regional Development Theories

By C. Hadjimichalis, Ray Hudson. 2014

168 citations recorded by the source corpus.

Hadjimichalis C. and Hudson R. Contemporary crisis across Europe and the crisis of regional development theories, Regional Studies. This paper explores the prima facie puzzling issue of why so much contemporary theory in economic geography and regional planning – specifically New Economic Geography (NEG) and New Regionalism (NR) – has so little to say about the causes of the current post-2007 crisis and its geography globally and in Europe. It is argued here that this reflects its obsession with the regional ‘success stories’ of the 1970s and 1980s, its failure to appreciate the onset of crisis and the reasons for it in these regions in the 1990s, and its failure to appreciate the nature of capitalism as a crisis prone social system of combined and uneven development. Thus, the current economic crisis pushed dominant regional development theories into a homologous deep theoretical crisis. It is concluded that the time is ripe for a paradigm shift in theory and that this should involve a reconsideration of earlier theoretical approaches that fell out of fashion for a variety of intellectual and political reasons and of current radical social movements.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/3ad796baa315f184fcd425162901816fc1ec2f68

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. A. Rodríguez‐Pose
2. A. Healy
3. G. Bristow
4. A. Pike
5. J. Tomaney
6. M. Storper
7. Ron Martin
8. Ron A. Boschma

In Finance

1. A. Rodríguez‐Pose
2. J. Tomaney
3. A. Healy
4. M. Storper
5. Ron Martin
6. A. Pike
7. M. Sensier
8. G. Bristow

Citations in the corpus

• Innovation and regional economic resilience: an exploratory analysis (2018, background): “…experienced wide differences in their ability to recover B Gillian Bristow Bristowg1@cardiff.ac.uk Adrian Healy HealyA2@cardiff.ac.uk 1 School of Geography and Planning, Cardiff University, Glamorgan Building, King Edward VII Avenue, Cardiff CF10 3WA, UK from it (Hadjimichalis and Hudson 2014).”
• Separate Worlds? Explaining the current wave of regional economic polarization (2018, background): “As such, major waves of change are not due to random exogenous shocks (Storper and Walker, 1989; cf. Lin, 2012; Hadjimichalis and Hudson, 2014; Storper, 1997, 2013).”
• Measuring Regional Economic Resilience across Europe: Operationalizing a complex concept (2016, background): “…contagious but also highly geographically uneven, thereby drawing attention to differences between regions in their vulnerability to economic shocks and their ability to adapt to serious disruptions in the economic environment (Jones et al., 2010; Martin, 2011; Hadjimichalis & Hudson, 2014).”
• Rebalancing the Spatial Economy: The Challenge for Regional Theory (2015, background): “More recently, HADJIMICHALIS and HUDSON (2014) have voiced different concerns, in this case that the European crisis has exposed major weaknesses not just in NEG-type theory but also in regional studies and economic geography.”
• Shifting horizons in local and regional development (2017, background): “The global financial crisis and the ensuing Great Recession posed new and profound challenges for concepts and theories in frameworks of understanding (e.g., Hadjimichalis & Hudson, 2014).”