This book addresses many of the common reasons why the so-called “Rust Belt” cities suffered decline and the many solutions proposed and efforts already undertaken that seek to reverse the decline and spur rejuvenation.
The contributors discuss the reasons for the decline including globalization, energy policy–related issues, and even the impact of air conditioning on location decisions. They also detail many of the entrepreneurial efforts undertaken in cities like Cleveland that are helping to reinvigorate once-depressed areas, offer suggestions related to investments in workforce training and current energy policy, critique the use of economic development subsidies, discuss the success of clusters at reviving old industrial cities, and provide cultural insights on business practices in China.
Overall, this book does not offer a one-size-fits-all solution to the economic woes still facing many of the depressed Rust Belt cities; rather, it offers a multitude of ideas that could be used to stimulate entrepreneurship and generate prosperity.
"[This book] offers an excellent overview of the forces that have resulted in the decline of Rust Belt cities. . . . [it] is a remarkable resource for regional scientists."–Journal of Regional Science