Economic Gardening is a concept we've mentioned in this space before. But today the Nauvoo Commuter attended a conference dealing with the issue.
The idea is that instead of futile recruiting of companies (to build factories or call centers), communities should build local talent. If the people are amazing, they will do amazing things.
Governments would often try to support certain businesses. They would pick a promising sector and support it. But can government people choose the next winner? Can anyone?
So you build the capacity of the people, and let them take risks. Some will succeed and create jobs.
Communities seeking to develop their economies should study the work of Chris Gibbons.
See http://www.littletongov.org/bia/economicgardening/default.asp for more details.
The idea is that instead of futile recruiting of companies (to build factories or call centers), communities should build local talent. If the people are amazing, they will do amazing things.
Governments would often try to support certain businesses. They would pick a promising sector and support it. But can government people choose the next winner? Can anyone?
So you build the capacity of the people, and let them take risks. Some will succeed and create jobs.
Communities seeking to develop their economies should study the work of Chris Gibbons.
See http://www.littletongov.org/bia/economicgardening/default.asp for more details.
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