This article asserts that the United States does not subject corporate profits to a relatively high nominal rate of taxation. In support of this assertion, the article analyzes the VAT, and concludes that the VAT incorporates a tax on corporate profits. The portion of the VAT that taxes...

section I. Local and regional development in a global context -- section II. Defining the principles and values of local and regional development -- section III. Concepts and theories of local and regional development -- section IV. Government and governance -- section V. Local and regional...

The collapse and subsequent nationalization of Northern Rock in 2007-08 was the first major run on a UK retail bank since 1866. The Northern Rock case is exemplary on two fronts. First, described at the time of its collapse as an example of an aggressive business model employed by naïve...

The resilience of places in response to uncertain, volatile and rapid change has emerged as a focus of academic and policy attention. This paper aims to contribute to understanding and explaining the resilience of places. Drawing upon evolutionary Economic Geography, the concepts of adaptation...

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The resilience of places in response to uncertain, volatile and rapid change has emerged as a focus of academic and policy attention. This paper aims to contribute to understanding and explaining the resilience of places. Drawing upon evolutionary Economic Geography, the concepts of adaptation...

An emergent heterodox approach is challenging the prevailing orthodoxy of thinking, doing, and governing economic development, particularly at the subnational, regional, and local levels. Looking at underlying debates concerning institutionalism and a `new centrism', the author draws together...

We are now in the midst of another concerted attempt by Government to make sense of and tidy up the sub-national governance of economic development and regeneration. This is a challenging task made all the more difficult by being undertaken in a UK context following a period of uneven...

Pike A. (2002) Post-devolution blues? Economic development in the Anglo-Scottish Borders, Reg. Studies 36, 1069-1084. Uneven regional development on each side of the Anglo-Scottish Border has underpinned a 'post-devolution blues' in North East England. The situation has been compounded by the...