Social and Behavioral Sciences Commons^™

Economic Development Policy And Economic Growth In The American States, Mohammed Shariful Islam

Electronic Theses and Dissertations

The American states routinely adopt various economic development policies but those policies do not always contribute to economic growth in the state. Scholars identify several reasons to explain why the policies do not always work. First, policies that do not address market demand; rather, provide economic incentives to bring inward industrial investments do not contribute to economic growth because the cost it takes to create jobs by such industrial recruitments is too high. Second, policies that are adopted out of inertia chosen from traditionally practiced policies do not work because they are not evaluated for their effectiveness in terms of …