Brookings Institute: Times to Rethink Economic Development

The goal: To put a regional economy on a trajectory of higher growth (growth) that increases the productivity of firms and workers (prosperity) and raises standards of living for all (inclusion), thus achieving deep prosperity–growth that is robust, shared, and enduring.

Set the right goals

Grow from within

Boost trade

Invest in people and skills

Connect place

This requires understanding the purpose of economic development and getting both the markets and civics right:

Amy Liu

Full Story: http://www.brookings.edu/research/reports2/2016/02/29-remaking-economic-development