Slideshow on “Economic development” for Political Geography – © Mark M. Miller, Professor of Geography; School of Biology, Ecology, & Environmental Science; The University of Southern Mississippi

1. http://www.theadp.com/economic-development/
How do we create more jobs and better jobs in local communities?
Introduction to local economic development

3. “Jobs to people” or “People to jobs?”

4. Economic base theory
•Basic jobs
•Nonbasic jobs
•Multiplier
•Leakage

5. Economic base theory
100 basic jobs
x multiplier (say, 1.8)
= 180 total jobs (including 80 nonbasic jobs)

6. Economic base theory
Loss of 100 basic jobs
x multiplier (say, 1.8)
= loss of 180 total jobs (including 80 nonbasic
jobs)

7. Theories of economic
development:
Industrial attraction &
incentives
Mississippi Historical Society. Mississippi
History Now. Retrieved 9/27/05:
http://mshistory.k12.ms.us/features/feature52
/economic.htm

8. Mississippi’s 1936 “Balance
Agriculture with Industry” Act
Mississippi Historical Society. Mississippi History Now. Retrieved
9/27/05: http://mshistory.k12.ms.us/features/feature52/economic.htm

9. “Smokestack chasing”?
Nissan Canton. Retrieved Sep 10, 2013: http://www.nissan-canton.com

10. Another theory of
ED: nurture local
entrepreneurs

11. Les Rowntree; Martin Lewis; Marie Price; William Wyckoff.
2008.. Globalization and Diversity: Geography of a
Changing World, Third Edition.
Microenterprise

12. Social enterprise
Retrieved Nov 12, 2018: https://nisolo.com/

13. Grameen Bank America. Retrieved September 9, 2013: http://grameenamerica.org

14. Yet another theory: Porter’s industrial cluster
Michael Porter’s industrial cluster:
Porter, Michael. 2000. Location, competition, & Economic Development. Economic Development Quarterly (p. 20)

15. Silicon Valley
Retrieved 9/27/05: http://www.wwwebport.com/citygates/sv/svfullview.html

16. San Diego Biocluster
University of California San Diego CONNECT. Retrieved 9/27/05: http://www.connect.org/

17. “Mississippi gambling cluster”?
Las Vegas Review-Journal. Retrieved 9/27/05: http://www.reviewjournal.com/lvrj_home/2001/Mar-28-Wed-2001/business/15720215.html

18. Salon.com. 5/1/07:
http://dir.salon.com/story/books/int/2002/06/06/florida/index.html?x
Richard Florida’s
theory of the
Creative Class

19. “Happiness”
Bhutan’s “Gross National Happiness” index
Revkin, Andrew. 2005. A new measure of well-being from a happy little kingdom. New York Times.
Retrieved 10/5/05:
http://www.nytimes.com/2005/10/04/science/04happ.html?ex=1129089600&en=de859301f49c121d&ei
=5070&emc=eta1

20. Diener, E and Seligman M.E.P. 2004. “Beyond Money: Toward
and Economy of Well Being.” Psychological Science in the
Public Interest 5(1), 1-30.

21. Diener, E and Seligman M.E.P.
2004. “Beyond Money: Toward
and Economy of Well Being.”
Psychological Science in the
Public Interest 5(1), 1-30.

22. Diener, E and Seligman M.E.P.
2004. “Beyond Money: Toward
and Economy of Well Being.”
Psychological Science in the
Public Interest 5(1), 1-30.

23. Diener, E and Seligman M.E.P.
2004. “Beyond Money: Toward
and Economy of Well Being.”
Psychological Science in the
Public Interest 5(1), 1-30.

24. Economic development cutting edge? growing
income inequality
Wills, Matthew. 2014. The road to capital in the 21 Century. JSTOR Daily. August 1:
http://daily.jstor.org/the-road-to-capital-in-the-twenty-first-century/