American model of industrial areas revitalization
Journal: RUDN Journal of Economics (Vol.26, No. 1)Publication Date: 2018-05-14
Authors : Andrey Maltsev; Arina Mordvinova;
Page : 76-88
Keywords : regional economy; old industrial area; USA; economic policy; economic growth;
Abstract
Chronological and structural analysis of USA government policy to old industrial areas (OIRs) in the end of 20th - the beginning of the 21th centuries is carries out. Authors mark out government policy main stages and determine the role of different level authorities in OIRs revitalization. Research results demonstrate the federal government concentration on the national market protection from the foreign competition. In this case regional recovery strategies development became the task the local government and business that cause the difference in the OIRs after crisis development. Such model of government policy creates conditions for national competitiveness maintaining and unique regional strategies development. At the same time the priority of the economic issues without government attention to social problems provides the short-term effect and escalate the necessity of human capital development in the future.
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