Coping with Adversity: Regional Economic Resilience and Public Policy

278 Pages·2017·3.197 MB·English

by  Harold Wolman, Howard Wial, Travis St. Clair, Edward Hill

COPING WITH ADVERSITY

COPING WITH
ADVERSITY
Regional Economic Resilience
and Public Policy
Harold Wolman, Howard Wial,
Travis St. Clair, and Edward Hill
CORNELL UNIVERSITY PRESS ITHACA AND LONDON
Copyright © 2017 by Cornell University
All rights reserved. Except for brief quotations in a review, this book, or parts
thereof, must not be reproduced in any form without permission in writing from
the publisher. For information, address Cornell University Press, Sage House,
512 East State Street, Ithaca, New York 14850.
First published 2017 by Cornell University Press
Printed in the United States of America
Library of Congress Cataloging-in-Publication Data
Names: Wolman, Harold, author. | Wial, Howard, author. | St. Clair, Travis, author. |
Hill, Edward W., author.
Title: Coping with adversity : regional economic resilience and public policy /
Harold (Hal) Wolman, Howard Wial, Travis St. Clair, and Edward (Ned) Hill.
Description: Ithaca : Cornell University Press, 2017. | Includes bibliographical
references and index.
Identifiers: LCCN 2017019556 (print) | LCCN 2017022715 (ebook) | ISBN
9781501712135 (epub/mobi) | ISBN 9781501709494 (pdf) | ISBN
9780801451690 (cloth : alk. paper) | ISBN 9780801478543 (pbk. : alk. paper)
Subjects: LCSH: United States—Economic conditions—20th century—Regional
disparities. | United States—Economic conditions—21st century—Regional
disparities. | United States—Economic policy—20th century. | United States—
Economic policy—21st century. | Financial crises—United States. | Urban
policy—United States.
Classification: LCC HC110.D5 (ebook) | LCC HC110.D5 W65 2017 (print) |
DDC 330.973—dc23
LC record available at https://lccn.loc.gov/2017019556

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Contents
Acknowledgments vii
Introduction 1
1. Shocks and Regional Economic Resilience 15
2. Chronic Distress and Regional Economic Resilience 52
3. Regions That Lacked Resilience 78
4. Resilient Regions 106
5. Assessing the Effect of Resilience Policies Directed
toward Business and Individuals 131
6. Assessing the Effect of Resilience Policies Directed
toward Public Goods, Institutions, and Leadership 159
Conclusion. Summary and Policy Implications:
Can Regional Economic Development Policies
Make a Difference? 192
Appendices 209
Notes 223
References 235
Index 259

Acknowledgments
On the title page, the authors are listed in reverse alphabetical order. Each of the
authors made distinct and important contributions.
The authors would like to acknowledge and thank the following individuals
who contributed to the writing of and research for this book: Patricia Atkins,
Pamela Blumenthal, Diana Hincapie, Sarah Ficenec, and Rosa (Hung Kyong) Lee,
all of whom were staff members of the George Washington Institute of Pub-
lic Policy at The George Washington University; Alec Friedhoff, Alex Gold, Tara
Kotagal, Howard Lempel, and Chad Shearer, all of whom were staff members
at the Brookings Institution; and Kelly Kinahan and Fran Stewart who were at
Cleveland State University.
The authors would also like to thank the MacArthur Foundation for pro-
viding funding for the research on this project through the Regional Resilience
Program, which was administered by Margaret Weir through the University of
California-Berkeley.
vii

COPING WITH ADVERSITY