Economic Growth And Local Governments - 770 Words

In pursuit of economic growth, local governments in American often encounter the institutional collective action dilemma due to fragmentation of authorities in governance systems and fierce competitions in the context of economic development. City governments have to cooperate with either their neighbor cities or other cities to encourage economic growth. This is because individual city government might be too smaller to reach economies of scale, so that companies might be reluctant to make the investment unless the size of operation could grow to a certain point. And also, some factors of production, such as water or electricity, might not be solely controlled by one city government; pollution problems caused in the process of manufacturing products might not be confronted by only one city government as well. In spite of potential benefits for collective actions, as many studies have indicated, coordination and defection cost would put intergovernmental collaboration at risk(Carr H awkins, 2013). Lack of central authority coordinate with local governments, conflicting goals is rarely to make them enter into mutual agreements. Even as they recognized accepted goals for joint actions, diverse means might be devised by each of them(Feiock, 2013). As city governments compete with each other to provide favorable development policies, their fiscal pressures build up and the probability of policy failure increases(Minkoff, 2013). Under this situation, individual actions taken byShow MoreRelatedLocal Economic Development For The City Of Johannesburg South Africa1428 Words   |  6 Pagesrecommendations for the local economic development for the city of Johannesburg South Africa. These recommendations are put forward to identify local strategies and actions that may be used to assist with the retention of workers within the South African economy, grow the work force and maximize opportunities for economic growth. . Local economic development involves identifying and utilizing local resources in creating opportunities for economic growth and employment. Successful local economic development dependsRead MoreEssay about Local Economic Development Incentives in the US1460 Words   |  6 PagesLocal Economic Development Incentives in the US 1. Description of the Issue Local economic development incentives constitute essential aspects of urban development economic policies. Such incentives are meant to enhance the development of cities that are considered underdeveloped. The enticements assume different forms. However, the common ones are the policies for providing tax incentives together with improvement of infrastructure (Anderson and Wassmer ‘Bidding for Business 82). Government providesRead MoreThe Similarities and Differences between Biff and Happy1188 Words   |  5 Pages The Human Cost from the Industrial Growth in China In recent years, many studies have examined the eï ¬â‚¬ects of economic development on the health and mortality of people. Many studies have found that growth in income has positive eï ¬â‚¬ects on improving health and reducing mortality in developing countries. However, the eï ¬â‚¬ects of growth on workplace fatalities in developing countries has been ignored. Although the government alleges that workplace safety has improved, the number of workplace deathsRead MoreThe Social Benefits Of Economic Growth And Development1342 Words   |  6 PagesSocial Benefits of Economic Growth and Development In general, individuals in developed countries strive to improve their quality of life. All developed nations, as well as developing countries, are currently experiencing the negative impact of the global economic downturn. This has prompted all nations to make economic development a top priority (Bruyn 14). Economic development is defined as a state in which a society enjoys sustained economic growth. One effect of economic growth is an increase inRead MoreThe Government ´s Role in the Success of Singapore Essay1445 Words   |  6 PagesSingapore’s economic success has been built on the government’s ability to ensure macroeconomic stability as well as build long-term growth. 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GDP (Gross DomesticRead MoreHow Can We Make Our Economy And Fund Our Tourism?1297 Words   |  6 Pages How can we make our economy and fund our tourism? To the citizens of Utah County, the local Government is one of the keys to tourism development. I think there should be a law enacted stating that the local government needs to fund tourism as well as keep it in good condition. Allow me to illustrate this point by showing the role s local government plays within the community, and the importance it has in creating a successfully developed tourism product. A successful tourism product should maximizeRead MoreChina As A Developmental State905 Words   |  4 PagesThe extraordinary economic growth of China in the past 30 years is a miracle in many aspects. China has the second highest GDP in the world after the United States, and it is expecting th at to surpass the American economy by 2025 (Zhao, 2014). Comparing the GDP of 2012 and 1978, there was a 142 times increase. The GDP per capita has increase 101 times as well. It has lifted more than 500 million people out of poverty (Zhao, 2014). This economic miracle is credited to the economic reforms that startedRead MoreEnvironmental Activism in China1130 Words   |  4 PagesEnvironmental Activism in China I. Introduction China witnesses rapid economic growth after the economic reform in 1978. This economic development brings people great wealth and also a huge cost on the environment. Water and air pollution are among most serious environmental problems, others like soil retrogression and degradation, deforestation, and human health problems coming with these issues are becoming more severe too. In addition, due to China’s biggest population on earth, the impactRead MoreEconomic Policies Influenced Or Enforced By Imf On European Countries Essay1529 Words   |  7 Pagespresent economic strategies influenced or enforced by IMF on European countries as a result of the recent bank crisis suggesting that such tactics represent economic dogma and will cause serious problems to the respective economies. It will propose that: 1) such measures are traditionally employed to combat inflation, 2) such methods will stagnate economies, 3) economies require stimulation not repression, 4) public spending has a wealth creation agenda that has been overlooked, 5) governments, influenced