Building regional ‘goodwill

On the Financialization of Subnational Economic Governance

Bibliographic Data

ID7366561
AuthorsJacob Salder (0000-0002-7103-9178, corresponding author)
Year2020
Volume7
Issue1
Pages309-317
Publication date2020-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueRegional Studies Regional Science (JOURNAL)
Journal identifiersISSN: 2168-1376 • E-ISSN: 2168-1376
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/21681376.2020.1794949
OpenAlexW3039826869
LanguageEN
Citations received1
References cited20

Subnational economic governance has witnessed ongoing transformation as part of what is argued as a financialization of the policy process. Within England, recent reform has seen two specific tendencies: a transformation attempting greater integration between industrial structure and subnational spaces; and more entrepreneurial practices incorporating businesses as key actors. Here, city-regional agglomeration models have been adopted to activate internal resource. This paper explores the effect of these changes on policy continuity amongst constituent parts of the city-region through the concept of goodwill. It focuses on the Greater Birmingham and Solihull region of the UK and its relationship with a constituent locality: Southern Staffordshire. It argues reform has redrawn the subnational map with greater sensitivity around industrial structure. Adapting modes of financializing the governance process, however, using city-regions’ presumed benefits around competitiveness and efficiency, frame this sensitivity. A form of goodwill has thus emerged founded around compliance with orthodox city-regional interpretations, supplementing financial shortfalls yet reinforcing further space–policy separation

Business · Corporate governance · Economic geography · Economic system · Economics · Financialization · Goodwill · Housing, Finance, and Neoliberalism · Political and Economic history of UK and US · Social Policy and Reform Studies · Finance

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