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The Wealth and Poverty of RegionsWhy Cities Matter$
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Mario Polese

Print publication date: 2010

Print ISBN-13: 9780226673158

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226673172.001.0001

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Regional Growth in the Green and Gray Knowledge Economy

Regional Growth in the Green and Gray Knowledge Economy

(p.152) 6 Regional Growth in the Green and Gray Knowledge Economy
The Wealth and Poverty of Regions

Mario Polèse

University of Chicago Press

The transition of industrialized nations from poor rural societies to rich urban societies has been accompanied by profound changes, not the least of which is the potential of different places to generate wealth. Great cities arose where there were only small towns before. New regional disparities in welfare emerged, more persistent in some nations than in others. Brains have increasingly replaced brawn as sources of economic growth. In this chapter, the main focus is on two emerging trends in rich societies: hedonic regional growth, which, as it will discover, often acts to increase the range of places that will grow; and zero sum growth, which, in contrast, increases the range of places that risk decline. Both are the outcome of demographic transitions and consequent slower population growth and the graying of industrialized societies.

Keywords:   regional growth, demographic transition, regional economics, regional economics, zero sum growth, population growth

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