The Failures of Economic Development Incentives
Authors:
- Alan PetersAPAlan Peters
- Peter FisherPFPeter Fisher
- 31 March 2004
- journal article
- research article
- Published by Taylor & Francis in Journal of the American Planning Association
- Vol. 70 (1) , 27-37
Abstract
Amidst the continuing controversy over American economic development incentives, this article looks at three key effectiveness issues: Do economic development incentives encourage new investment and employment? Are these incentives targeted at economically depressed areas or economically depressed people? How costly are these incentives? For all these questions, our findings come out against traditional economic development incentives. We suggest that there is a need for a radical transformation of economic development policy in the U.S.Keywords
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