Reindustrialization in Detroit

Capital Mobility and Corporate Influence

Dados Bibliográficos

ID12065856
AutoresLynn W Bachelor (Wayne State University, autor correspondente), Lynn Bachelor (Wayne State University)
Ano1982
Volume4
Fascículo3
Páginas35-50
Data de publicação1982-06-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoJournal of Urban Affairs (JOURNAL)
Identificadores do periódicoISSN: 0735-2166 • E-ISSN: 1467-9906
EditoraTaylor & Francis (PUBLISHER • GB)
DOI10.1111/j.1467-9906.1982.tb00063.x
OpenAlexW2121296215
IdiomaEN
Citações recebidas1
Referências citadas2

The absence of a national economic development policy and the need of officials in older cities to rebuild the urban tax base have produced intense competition among municipalities and states to attract corporate investment. Local economic development programs combine state enabling legislation and federal funds to provide financial incentives and facilitate site preparation for new industrial and commercial facilities. The winners in this competition, however, have not been cities and their residents, but large corporations, whose position as major local revenue producers enables them to shape policies, not through behind the scenes manipulation, but through their capacity to withdraw badly needed private capital Although city officials are responsible for formulating development packages, they exercise little policy discretion: the mobility of corporate capital forces them to offer the maximum incentives allowed by state and federal laws

Business · Capital (architecture · Competition (biology · Discretion · Economic growth · Economic policy · Economics · Incentive · Investment (military · Legislation · Local economic development · Market economy · Political science · Politics · Position (finance · Revenue · State (computer science · Regional Economics and Spatial Analysis · Finance