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Local Economic Development: What is Proposed, What is Done, and What Difference Does it Make?

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  • Peter B. Meyer

Abstract

This paper assesses the comparative policy insights gained from the articles in the symposium in terms of three dimensions: policies proposed, actions taken, and impacts scored. Local economic development interventions are classified in terms of a five‐way categorization in terms of geographic breadth of action and reliance on complementary private action as a prerequisite to lasting impact. The nine symposium cases are then examined for their evidence on development efforts’ accountability to the public and lessons about efficient use of public funds. The paper concludes that the cases demonstrate that most development efforts have wasted public funds, offering at best the limited success resulting from efforts to beggar neighboring local economics with which competition for development continues.

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  • Peter B. Meyer, 1991. "Local Economic Development: What is Proposed, What is Done, and What Difference Does it Make?," Review of Policy Research, Policy Studies Organization, vol. 10(2‐3), pages 172-180, March.
    • Handle: RePEc:bla:revpol:v:10:y:1991:i:2-3:p:172-180
    DOI: 10.1111/j.1541-1338.1991.tb00105.x
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