Economic Development: Strategies for State and Local Practice, 2nd Edition: Chapter 1: Understanding the Local Environment (PDF)

Chapter 1 from Economic Development: Strategies for State and Local Practice, 2nd Edition, describes how the local context (environment) influences choice of economic development strategy. ...

DIGITAL PUBLICATION | Mar 14, 2017
March 14, 2017

Chapter 1 from Economic Development: Strategies for State and Local Practice, 2nd Edition, describes how the local context (environment) influences choice of economic development strategy. It discusses how local leaders should identify the strengths as well as limitations of their jurisdictions and then tailor their approaches appropriately. Selection of proper or improper strategy can make the difference between success and failure.
 
This chapter notes that not all communities are able to follow the same strategies. Some communities may have larger pools of human capital, a better educated work force, a dominant corporation, a wealth of natural resources, or more up-to-date infrastructure. Leaders should make strategic choices about how to pursue development after realistically assessing their individual strengths and weaknesses. Specific tools of development can then be applied.
 
Subsections include:
Learning objectives  
Confronting economic challenges  
Defining success  
National and international factors  
The community  
Small-town and rural economies  
Politics of economic development  
Summary  Study questions  
Notes  
Additional resources
 

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