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An Effective Overhaul of Federal Economic Development Policy

Author

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  • Mark Drabenstott

    (University of Missouri–Columbia)

Abstract

Markusen and Glasmeier propose an intriguing overhaul for federal economic development policy. Many elements of their prescription are badly needed. However, their remedy does not fully embrace a conclusion that much of the rest of the world has reached—that economic development policy is about helping “regions†compete in the global economic race. The secret to overhauling federal economic development policy, therefore, probably lies in positioning federal policy to supply the ingredients most essential to competitive regions. Four ingredients appear to be especially important going forward: strategy, governance, innovation, and entrepreneurship.

Suggested Citation

  • Mark Drabenstott, 2008. "An Effective Overhaul of Federal Economic Development Policy," Economic Development Quarterly, , vol. 22(2), pages 92-98, May.
    • Handle: RePEc:sae:ecdequ:v:22:y:2008:i:2:p:92-98
    DOI: 10.1177/0891242408315783
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    References listed on IDEAS

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    1. David L. Barkley & Mark Henry & Doohee Lee, 2006. "Innovative activity in rural areas: the importance of local and regional characteristics," Community Development Innovation Review, Federal Reserve Bank of San Francisco, issue 3, pages 1-14.
    2. Fabrizio Barca, 2001. "Rethinking partnership in development policies : lessons from a European policy experiment," Proceedings – Rural and Agricultural Conferences, Federal Reserve Bank of Kansas City, issue Sep, pages 155-176.
    3. Ann Markusen & Amy Glasmeier, 2008. "Overhauling and Revitalizing Federal Economic Development Programs," Economic Development Quarterly, , vol. 22(2), pages 83-91, May.
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    Cited by:

    1. Peter Schaeffer & Randall Jackson & Eric Bowen, 2018. "Implicit Regional Economic Goals and Objectives: A Study of U.S. Development Programs," Working Papers Working Paper 2018-06, Regional Research Institute, West Virginia University.

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