Retooling For Growth Building A St Century Economy In Americas Older Industrial Areas

Traditional economic theory and standard economic development practices have tended to pose a contradiction of trade-off between inefficiency and equity: what is good for one may be bad for another. The trade-off would seem to be particularly acute for cities and regions with weak economies: surely they cannot afford to pay excessive attention to issues of fairness and inclusion lest this take the eyes off the central prize of restoring competitiveness and promoting growth.