Rise and Fall of Urban Economies: Lessons from San Francisco and Los Angeles

The Rise and Fall of Urban Economies: Lessons from San Francisco and Los Angeles

By Michael Storper, Thomas Kemeny, Naji Makarem, and Taner Osman

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The Rise and Fall of Great Urban Economies closely examines the divergent economic paths of San Francisco and Los Angeles in order to explain how regions copes with new opportunities and unfavorable shocks. By honing in on micro-level trends in these two cities, the authors make a significant contribution to the dialogue surrounding metropolitan development, urban and regional policy, and comparative economic development more broadly.

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Book Information

Publisher: Stanford Business Books
Publish Date: 09/02/2015
Pages: 328
ISBN-13: 9780804789400
ISBN-10: 0804789401
Language: English

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Today, the Bay Area is home to the most successful knowledge economy in America, while Los Angeles has fallen progressively further behind its neighbor to the north and a number of other American metropolises. Yet, in 1970, experts would have predicted that L.A. would outpace San Francisco in population, income, economic power, and influence. The usual factors used to explain urban growth--luck, immigration, local economic policies, and the pool of skilled labor--do not account for the contrast between the two cities and their fates. So what does?

The Rise and Fall of Urban Economies challenges many of the conventional notions about economic development and sheds new light on its workings. The authors argue that it is essential to understand the interactions of three major components--economic specialization, human capital formation, and institutional factors--to determine how well a regional economy will cope with new opportunities and challenges. Drawing on economics, sociology, political science, and geography, they argue that the economic development of metropolitan regions hinges on previously underexplored capacities for organizational change in firms, networks of people, and networks of leaders. By studying San Francisco and Los Angeles in unprecedented levels of depth, this book extracts lessons for the field of economic development studies and urban regions around the world.

About the Authors

Michael Storper is professor of economic geography at the London School of Economics and Political Science, professor of economic sociology at Sciences Po in Paris, and professor of urban planning and geography at the University of California, Los Angeles.

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Michael Storper is Professor of Urban Planning at the University of California, Los Angeles. Thomas Kemeny is Lecturer in Human Geography at the University of Southampton.

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Michael Storper is Professor of Urban Planning at the University of California, Los Angeles. Thomas Kemeny is Lecturer in Human Geography at the University of Southampton. Naji Makarem is Lecturer in the Bartlett Development Planning Unit (DPU) at University College London (UCL).

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Michael Storper is Professor of Urban Planning at the University of California, Los Angeles. Thomas Kemeny is Lecturer in Human Geography at the University of Southampton. Naji Makarem is Lecturer in the Bartlett Development Planning Unit (DPU) at University College London (UCL)

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