Regional development by a lead firm in Austria: An analysis of economic, social and political factors

Abstract

Driving a region out of economic misery on the backwash of an expanding corporation needs careful consideration of pre-existing and emerging differences between stake-holders to be inclusive and sustainable. In order to keep democratically legitimised structures in place and foster inclusive societal progress, the upswing accompanying-dynamics of wealth creation, its distribution and wealth destruction need to be considered by political decision makers. Is development analysis done merely in economic terms, considerable changes in the lives of people are ignored. Ultimately, if wealth destruction, uneven distribution and peoples’ deprivation of capabilities are results of such a mode of development and its one-sided analysis, so is conflict.