Twenty Years of State Economic Development Policy: North Carolina and the Nation Public Deposited

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Creator
  • Carlisle, Rick
    • Other Affiliation: Economic Policy Advisor to Governor James B. Hunt, Governor's Office, North Carolina
Abstract
  • Over the last twenty years, state funding, action, and capacity for economic development policy and practice have grown tremendously while federal involvement has waned. We enter the middle part of the last decade of the 20th century with unprecedented state involvement in funding for economic development policy and practice. At the same time, we face greater state vulnerability to changes in the global marketplace, to global shifts in capital and technology, to international trade agreements, and. consequently, to the declining ability of state policy makers to shape the direction of their economies. Fundamental shifts in the international and national structure of economic production are reshaping state economies, placing new demands on infrastructure, tax and regulatory systems, education and training systems, and research and development capacity in higher education. The rise of industrial competitors in developing countries and the rapid spread of technology are changing the structure of employment. They are pushing down some industry wages, reducing the rate of growth in blue collar jobs, and increasing the reliance on a bifurcated service sector of high wage and low wage jobs. State government will play a significant role in responding to the challenges that these changes create.
Date of publication
DOI
Resource type
  • Article
Rights statement
  • In Copyright
Journal title
  • Carolina Planning Journal
Journal volume
  • 21
Journal issue
  • 1
Page start
  • 6
Page end
  • 12
Language
  • English
Digital collection
  • Carolina Planning Journal
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