The United States lost 4.5 million manufacturing jobs, about 24 percent of its manufacturing base, between 1980 and 2005. This loss, its causes, and its consequences for displaced workers and the nation as a whole, have been extensively studied and debated. Yet researchers have paid little...

Although the literature on regional macroeconomics continues to emphasize the analysis of economic growth, the concept of economic resilience is of increasing interest to policymakers. The terrorist attacks of September 11, 2001, and Hurricane Katrina in 2005 focused attention on the ability of...