AnIntroductiontoRegionalEconomicsEdgarM
HooverandFrankGiarratani1Introduction1
1WHATISREGIONALECONOMICS
Economicsystemsaredynamicentities,andthenatureandconsequencesofchangesthattakeplaceinthesesystemsareofconsiderableimportance
Suchchangeaffectsthewell-beingofindividualsandultimatelythesocialandpoliticalfabricofcommunityandnation
Associalbeings,wecannothelpbutreacttothechangesweobserve
Forsomepeoplethatreactionisquitepassive;theeconomychanges,andtheyfindthattheirimmediateenvironmentissomehowdifferent,forcingadjustmenttothenewreality
Forothers,changesintheeconomicsystemrepresentachallenge;theyseektounderstandthenatureoffactorsthathaveledtochangeandmay,inlightofthatknowledge,adjusttheirownpatternsofbehaviororattempttobringaboutchangeintheeconomic,political,andsocialsystemsinwhichtheyliveand