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Economic Development Quarterly, Vol. 22, No. 2, 92-98 (2008)
DOI: 10.1177/0891242408315783
© 2008 SAGE Publications

An Effective Overhaul of Federal Economic Development Policy

Response to Markusen and Glasmeier

Mark Drabenstott

University of Missouri–Columbia

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.

Key Words: economic development • regional competitiveness • economic policy


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