IDEAS home Printed from https://ideas.repec.org/a/sae/ecdequ/v1y1987i1p30-40.html
   My bibliography  Save this article

The Implications of Uncertainty in Economic Development: The Case of Diamond Star Motors

Author

Listed:
  • Ann H. Elder

    (Illinois State University)

  • Nancy S. Lind

    (Illinois State University)

Abstract

We examine the pursuit and subsequent capture of the Chrysler/Mitsubishi Diamond Star auto plant by Bloomington-Normal, Illinois, as a case study to illustrate a number of interesting aspects of economic development. First, we examine the degrees of uncertainty in economic development decisions faced by various levels of government. Second, we spell out the expected costs and benefits associated with the capture of Diamond Star Motors. We also show how the expected costs and benefits are tempered by each government's perceived need for economic development and how these perceived needs affect each government's willingness to discount uncertainty. Finally, we examine the numerous interactions between the public and private sectors and within the public sector that affect the negotiations process.

Suggested Citation

  • Ann H. Elder & Nancy S. Lind, 1987. "The Implications of Uncertainty in Economic Development: The Case of Diamond Star Motors," Economic Development Quarterly, , vol. 1(1), pages 30-40, February.
    • Handle: RePEc:sae:ecdequ:v:1:y:1987:i:1:p:30-40
    DOI: 10.1177/089124248700100105
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/089124248700100105
    Download Restriction: no
    File URL: https://libkey.io/10.1177/089124248700100105?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:ecdequ:v:1:y:1987:i:1:p:30-40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.