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RESILIENCE AND MIMETIC BEHAVIOR: ECONOMIC VISIONS IN THE GREAT RECESSION
Authors:MARGARET COWELL  JULIET F GAINSBOROUGH  KATE LOWE
Affiliation:1. Virginia Tech;2. Bentley University;3. University of New Orleans
Abstract:The Great Recession was a moment of challenge for many regions and required that leaders reflect on their economic development strategies. Given the propensity of regions to adopt ideas and strategy “fads” that then inform policy debate, we seek to understand how two very different regions with different histories framed their responses to the recession. How did they conceptualize the economic challenge in their region? What did they envision as appropriate responses to this challenge? How did these visions relate to mimetic behavior of the past, in which largely uniform visions are adopted across diverse locations? Our findings show that economic development leaders in the Buffalo and Orlando regions advocated similar high‐tech/biomedical strategies as a way to diversify their economies and make them more resilient or less vulnerable to future shocks. By conceptualizing economic diversification in such similar ways, despite substantial regional differences, this pursuit of resilience or decreased vulnerabilities through economic diversification appears highly similar to prior mimetic behaviors. We consider the implications of this finding for theories of adaptive resilience in which the focus is on economic diversification as part of resilient processes and behaviors, rather than as a fixed characteristic or end state of regions. As practiced in our case studies, diversification for the purpose of resilient outcomes differs substantially from theoretical arguments explaining adaptive resilience as both behavior and process. We caution that policy and planning visions of resilience may therefore represent yet another fad to be mimicked ad infinitum. Nevertheless, adaptive resilience as defined in the literature may still offer promise as a practical strategy—just not one that we yet observe in practice.
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