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.
Confronting economic challenges
National and international factors
Small-town and rural economies
Politics of economic development
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