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Building Community Visions of Assets, Competitiveness, & Partnerships: A State’s Role in Rural Economic Development

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  • Weiler, Stephan

Abstract

The increasingly rapid changes in the world marketplace are having significant effects on all regional economies, creating both challenges and opportunities. The challenges for rural economies have been especially pronounced. Rural economies rely on low land and labor prices for their competitiveness, with commodity agriculture and manufacturing as their economic foundations. Globalization is introducing the possibility of much lower input costs for commodity production, leading to a steadily deteriorating competitive position for these traditional rural industries. Agriculture continues this transition after a particularly sharp series of contractions in the 1980’s; rural manufacturing plants are arguably going through their most difficult transition phase. Neither can be the easy, natural, longer-term economic foundation for the rural economy in the future.

Suggested Citation

  • Weiler, Stephan, 2007. "Building Community Visions of Assets, Competitiveness, & Partnerships: A State’s Role in Rural Economic Development," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(1), pages 1-4.
    • Handle: RePEc:ags:jrapmc:132976
    DOI: 10.22004/ag.econ.132976
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    References listed on IDEAS

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    1. Stephan Weiler & Dana Hoag & Chuen‐mei Fan, 2006. "Prospecting for Economic Returns to Research: Adding Informational Value at the Market Fringe," Journal of Regional Science, Wiley Blackwell, vol. 46(2), pages 289-311, May.
    2. Stephan Weiler & Eric Scorsone & Madeleine Pullman, 2000. "Information Linkages in Local Economic Development," Growth and Change, Wiley Blackwell, vol. 31(3), pages 367-384.
    3. Stephan Weiler, 2004. "Racing toward new frontiers : helping regions compete in the global marketplace," Main Street Economist, Federal Reserve Bank of Kansas City, issue Mar.
    4. Jason Henderson & Stephan Weiler, 2004. "Defining \\"rural\\" America," Main Street Economist, Federal Reserve Bank of Kansas City, issue Jul.
    5. Graves, Philip E., 1976. "A reexamination of migration, economic opportunity, and the quality of life," MPRA Paper 19918, University Library of Munich, Germany.
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    Community/Rural/Urban Development;

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