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Two Steps Forward, One Step Back: Uncertainty in Local Economic Development

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  • Ann O’M. Bowman

    (University of South Carolina)

Abstract

The Reese and Rosenfeld analysis of the conventional wisdom about economic development is important and timely. They correctly argue that research has not yielded a set of unequivocal laws, general truths, or first principles regarding local economic development. However, in their enthusiasm to arrive at their conclusion, they overstate the problem, and they overlook methodological advances in the field. Over the past 15 years, researchers have produced findings that clarify and fine-tune a dynamic and complex process. Furthermore, the Reese and Rosenfeld prescription—to focus on the unique civic culture of a community as the explanatory variable—takes inquiry in the wrong direction.

Suggested Citation

  • Ann O’M. Bowman, 2001. "Two Steps Forward, One Step Back: Uncertainty in Local Economic Development," Economic Development Quarterly, , vol. 15(4), pages 317-319, November.
    • Handle: RePEc:sae:ecdequ:v:15:y:2001:i:4:p:317-319
    DOI: 10.1177/089124240101500404
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    References listed on IDEAS

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    1. Terry F. Buss, 2001. "The Effect of State Tax Incentives on Economic Growth and Firm Location Decisions: An Overview of the Literature," Economic Development Quarterly, , vol. 15(1), pages 90-105, February.
    2. Laura A. Reese & Raymond A. Rosenfeld, 2001. "Yes, But...: Questioning the Conventional Wisdom about Economic Development," Economic Development Quarterly, , vol. 15(4), pages 299-312, November.
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    Cited by:

    1. Laura A. Reese & Raymond A. Rosenfeld, 2001. "What is the Question to Which the Answer is: Local Civic Culture?," Economic Development Quarterly, , vol. 15(4), pages 323-326, November.

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