The contributors discuss alternative methods of financing state and local economic development, including the role of venture capital in urban development, the role of banking institutions in encouraging the growth of small business, and the place of pension funds in economic growth.

Kenya was where the term “informal sector” was first used in 1971. During the 1980s the term “jua kali” — in Swahili “hot sun” — came to be used of the informal sector artisans, such as carworkers and metalworkers, who were working under the hot sun because of a lack of premises. Gradually it came to refer to anybody in self-employment. And in 1988 the government set up the Jua Kali Development Programme.

In this remarkable book Kenneth King brings the subject alive through the photographs and life histories of jua kali people. He has also revisited, twenty years later, many of the artisans whom he interviewed exhaustively in the period from 1972 to 1974 and about whom he wrote in The African Artisan, one of the first full-length studies to be published on the informal sector.

For donors, NGOs, and national governments, the book offers many relevant examples, and some cautions, about what has been achieved by ordinary Kenyans, mostly without government support. It will prove equally valuable for students and teachers of development policy, technology policy, and education and training policies not least because of its superb bibliography of over 700 entries related to small enterprise development.

In order for foreign direct investment to have deep and lasting positive effects on host countries, it is essential that multinational corporations have close direct and indirect interaction with local firms. A valuable addition to the emerging literature on multinational-local firm interfaces, this book provides a number of case studies from emerging economies that examine such mutually beneficial business relationships and the policy measures necessary to support them.

The Los Angeles riots shattered Korean immigrants’ naive belief in the American dream. As many as 2,300 Korean shopkeepers lost their lifetime investments in one day. Korean immigrants had struggled for years to become economically independent through small businesses of their own. However, the riots made them realize how fragile their economic base is because their businesses are dependent on the impoverished, oppressed, and rebellious classes.

In On My Own, In-Jin Yoon combines an intimate fieldwork account of Korean-black relations in Chicago and Los Angeles with extensive quantitative analysis at the national level. Yoon argues that a complete understanding of the contemporary Korean-American community requires systematic analyses of patterns of Korean immigration, entrepreneurship, and race relations with other minority groups. He explains how small business has become the major economic activity of Korean immigrants and how Korean businesses in minority neighborhoods have intensified racial tensions between Koreans and minorities like blacks and Latinos.

“A groundbreaking study of Korean-black relations. Yoon’s insights on immigration, entrepreneurship, and race relations significantly enhance our understanding of urban racial tensions.”—William Julius Wilson, Harvard University

Too many U.S. cities and towns have been focused on a model of economic development that relies on recruiting one big company (such as Amazon), a single industry (usually in technology), or pursuing other narrow or short-term fixes that are inequitable and unsustainable. Some cities and towns were changing, even before the historic retail collapse brought on by COVID-19. They started to shift to a new economic model that works with the community to invest in place in an inclusive and thoughtful way, with short-term wins that build momentum for long-term growth. A secret ingredient to this successful model is small-scale manufacturing.
 
In Recast Your City: How to Save Your Downtown with Small-Scale Manufacturing, community development expert Ilana Preuss explains how local leaders can revitalize their downtowns or neighborhood main streets by bringing in and supporting small-scale manufacturing. Small-scale manufacturing businesses help create thriving places, with local business ownership opportunities and well-paying jobs that other business types can’t fulfill.
 
Preuss draws from her experience working with local governments, large and small and illuminates her recommendations with real-world examples. She details her five-step method for recasting your city using small-scale manufacturing: (1) light the spark (assess what you can build on and establish goals); (2) find and connect (get out of your comfort zone and find connectors outside of your usual circles); (3) interview (talk to people and build trust); (4) analyze (look for patterns and gaps as well as what has not been said); and (5) act (identify short-term actions to help build long-term change). This work is difficult and sometimes uncomfortable, but necessary and critical for success. Preuss supports and inspires change by drawing from her work in cities from Knoxville, Tennessee, to Columbia, Missouri, to Fremont, California.
 
In Recast Your City, Preuss shows how communities across the country can build strong local businesses through small-scale manufacturing, reinvest in their downtowns, and create inclusive economic opportunity. Preuss provides tools that local leaders in government, business, and real estate as well as entrepreneurs and advocates in every community can use.