Professor Calvin Jones, Cardiff Business School

Capital, Space and the Economics of Empire: What Keeps Poor Places Poor?

Tuesday 19 February, 4pm - School of Management, Room 106

Most economic analyses of place development focus on the allocation, use and interaction of resources and capital(s) within places as explanators. The implication of such a focus is that if a place (region or city-region for example) can gain capital(s), or improve their application, prosperity will arrive. In this presentation I suggest that this attention is misplaced, and this it is in fact the political relationship between ‘places’ that is a greater determinant of economic (and hence social and environmental) outcomes. Analyses of global development successes and failures, especially those from outside the economic mainstream, may have much light to shed on why places like Wales stubbornly resist (apparent) attempts to deliver improvements in their relative economic condition.