Sustainable Development and Business Improvement Organizations: Theoretical Basis for Community Actions at the Local Level
The paper builds on the assumptions that (a), institutional infrastructure matters in affecting performance, and (b), social interaction between theory and practice can help shape institutional infrastructures, providing features conducive to sustainable development. The paper suggests salient features of sustainable development implementable for local community actions such as Business Improvement Associations. Schumpeterian innovation is suggested to be the theoretical basis on which community actions can take on strategic roles. An illustrative example suggests how sustainable development capital can gradually accumulate.
||Institutional Economics, Business Improvement Districts, Schumpeterian Innovation
The International Journal of Sustainability Policy and Practice, Volume 8, Issue 4, pp.1-14.
Article: Print (Spiral Bound).
Article: Electronic (PDF File; 603.162KB).
Professor, School of Management, New York Institute of Technology-Vancouver, Vancouver, British Columbia, Canada
Dr. Lorne is an economist with neoclassical economic training. He started working on the concept of sustainable development in 1992 with an intent of linking traditional economic theories with the concept from an institutional structural perspective. He has written several papers in the direction of thinking of this paper, probing the meaning as well as methods of implementing of sustainable development.Dr. Lorne has been a Professor of Management with the New York Institute of Technology-Vancouver since 2008.
Associate, Land Use Design & Development Services, Sanderson Planning, Vancouver, British Columbia, Canada
Ms. Welsh is a Land Use and Business location consultant with over 25 years experience in Business Improvement Area management, retail market research and land use planning. She currently is a senior Associate with Sanderson Planning Ltd. in Vancouver dealing with land-use applications throughout the Metro Vancouver area. Her civic volunteer contribution includes an appointment by Vancouver City Council to the Board of Variance (Member since 2009).