The Main Street Economist
نویسنده
چکیده
New technologies, products, and services are brought to market every year by small entrepreneurs. The heart valve, safety razor, and soft contact lens are just a few examples. One common thread ties all successful entrepreneurs together—innovation. Innovation brings something new or unusual to the marketplace, and in the process sharpens competitiveness and creates wealth. New firms, new products, and new ways of doing business all add value to a community and improve the quality of life for its citizens. Recognizing that innovation and entrepreneurs are a wellspring of opportunity, many rural policymakers are rethinking their strategies for spurring economic development. Instead of trying to lure existing manufacturing plants from other places, many communities are shifting their focus to growing their own entrepreneurial firms. Many new firms fail, of course. But those that succeed can add new jobs, lift incomes, generate new wealth, and help connect the community to the larger, global economy. CENTER FOR THE STUDY OF RURAL AMERICA Federal Reserve Bank of Kansas City
منابع مشابه
Optimal Liability for Terrorism∗
This paper analyzes the appropriate normative role for civil liability in aligning terrorism precaution incentives when the perpetrators of terrorism are themselves beyond the jurisdiction of courts or regulators. We consider the strategic interaction among the targets, subsidiary victims, and terrorists within a sequential, game theoretic model. Analysis of the model reveals that, while an ‘op...
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