Essay on Economic Development Strategies

Submitted By congtuchiuchoi1221

Words: 313

Pages: 2

Open Document

Economic Development Strategies
Economic development theories have influenced practices, especially government’s strategies to enhance development. Generally speaking, government, and in particular states and localities, use three strategies to stimulate economic development:
Industrial recruitment is primarily a locational approach by which governments subsidize businesses to lure more investment into their jurisdictions or to prevent indigenous firms from leaving. Despite the political controversies about – and the legal challenges to – the use of government incentives, industrial recruitment still plays a significant role in local economic development. Chapter 9 will elaborate upon recruitment practices and their implications in the United States.

Entrepreneurial strategies for economic development refers to the approach that governments use when adopting policies that promise to increase public revenue by focusing primarily on the creation of new firms and technology development. In recent years, entrepreneurial strategy has frequently emphasized engaging local governments, private business and development firms, and local nonprofit organizations to create new opportunities for investment in declining or stagnant communities. The discussion of entrepreneurial strategy will be included in Chapter 10. Thus, the neoclassical concept of innovation is harnessed in the context of location theory in this strategy.

Privatization is the delegation of public duties to the private sector. It is deeply rooted in the market-oriented

The Global Importance And The International Marketing Strategies Applied By Emerging Multinationals

global importance and the international marketing strategies applied by emerging multinationals -- INTERNATIONAL MARKETING -- Abstract: This paper focuses on the emerging multinationals that composed of two parts: The global importance, especially the importance of economic globalization to the development of emerging multinationals, and how emerging multinationals contribute to the development of global economics; the strategies applied by emerging multinationals, how they strengthen…

Words 1614 - Pages 7

Essay A plan review of Dartmoor National Park Core Strategy

Lin YI 201062565 Review on Dartmoor National Park Core Strategy 1. Introduction Through indicating a general trend of ongoing development approaches, an emphasis has been given to the sustainable development in the coming years. A spatial planning framework for Dartmoor National Park and its surrounding areas, the Dartmoor National Park Core Strategy Development Plan Document 2006-2026, offers a specific vision for a ‘Sustainable Dartmoor National Park’ accompanied by the homologous sustainability…

Words 2278 - Pages 10

Sustainability and Environmental Protection Essay

protection with economic development is coming, there is no economic development, what about environmental protection? Development is the constant theme of human development is the last word, and environmental protection is an issue at this stage made manifest, see and solve problems, but development cannot wait. Environmental problems arising with the economic development, and eventually die out along with economic development. What "economic development" is the meaning? Including the development of qualitative…

Words 978 - Pages 4

Korea On The Back Of The Tiger Case Study

led strategy. It was based particularly during the period of the 1970s, upon the development of large-scale industrial conglomerates and the accomplishment of economies of scale and technology to achieve international competitiveness. By the early 1980s this strategy had resulted in major structural imbalances, a weakened financial section, heavy concentration in domestic markets, and a repressed development of small and medium enterprises. By the end of the 1980s, despite attempts at economic reform…

Words 316 - Pages 2

Pt1420 Unit 5 Assignment 1

UNIT 5 LEARNING JOURNAL STRATEGY WITH THE FORMULATING PERSONAL STRATEGY DIAMOND Create an Outline 1. Arena Define areas of personal development to focus on ( e.g. skills, knowledge, relationships) Identify resources and environments that will support growth (e.g. courses, networks and mentors) 2. Differentiators Determine what will set apart personal and professional life Establish unique strengths and how to leverage them. 3. Economic logic Understand how personal growth will contribute to…

Words 871 - Pages 4

Porter's Five Forces

and strategies. Porter’s Five-Forces form of aggressive analysis is a broadly utilized move toward rising strategies in many businesses. To him, the environment of competitiveness in a given business can be analyzed as a combination of five forces: Rivalry among competing firms, possible admission of new competitors, and possible expansion of substitute products, negotiating power of suppliers and negotiating effort of consumers. (www.mba-tutorials.com.),(http/www.mba-tutorials.com/strategy/65-porter…)…

Words 767 - Pages 4

How Did Deng Xiaping Influence The Development Of China's Economy

achieve (satisfactory)an economic growth.) The world economy suffered from a serious economic stagnation due to the Nixon Crisis and the oil crises. After the Nixon Crisis was happened, the U.S. centralizational structure was ended. The U.S., the Western Europe and Japan constituted the trilateral structure.(until the late 1980s) (China's economy…

Words 1072 - Pages 5

The Pragmatic Reality Of Microfinance In The Developing World

astounding ways, incorporating practical social and economic development concepts, as well as principles that underlie global financial markets. This combination has led to the creation of a growing number of sustainable microfinance institutions around the developing world. As microfinance continues to evolve as a developmental strategy, it will be successful only if it is able to strike the right balance between two frameworks--development and finance--that underlie its core practice’s…

Words 860 - Pages 4

Essay about Business Strategy

Culture and Strategy LO3&4 Assessment A, A business strategy is the means by which it sets out to achieve its desired objectives. It can simply be described as a Long term business plan that typically covers a period of three to five years, however it can last longer. There are two main categories of strategy which are, Growth Strategy and Competitive Strategy. The Ansoff growth matrix is a marketing planning tool that helps a business determine its product and market growth strategy. This involves…

Words 1509 - Pages 7

Poverty In Haiti Essay

spread poverty in Haiti. Consequently, many economic policies were introduced and implemented to alleviate the phenomena of poverty in Haiti. For instance, Structural adjustment programs (SAP) were implemented in Haiti in the 1980’s to revamp the economic market to promote development (Weisbrot, 1997). International financial institutions such as the World Bank, IMF, and Inter-American Development were significantly known for the role in shaping economic policy. Therefore, Haitian government and international…

Words 469 - Pages 2