Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Local Economic Development - Essay Example

Comments (0) Cite this document
An author of the essay "Local Economic Development" reports that the center will facilitate in the education of the local people on how to use the modern form of technology, which will contribute towards attainment of the desired success by the local people. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.9% of users find it useful
Local Economic Development
Read TextPreview

Extract of sample "Local Economic Development"

Local Economic Development
Local economic development professionals have to focus sensitizing the community members to engage in community activities, which are appreciated at a global scene. This includes organizing community groups to practice local projects, which contribute towards globalization. For example, community groups may be guided to establish an internet center within their reach, which will act as a means of communication and finding what is happening at a global scene. Further, the center will facilitate in education of the local people on how to use the modern form of technology, which will contribute towards attainment of the desired success by the local people. Local economic professionals also have a role to play to ensure that the community groups that are formed do not only focus on poverty alleviation, but also on economic development. This includes making the community members pioneers of entrepreneur skills and job creation for other members. Economic professionals also have to provide assistance to local community groups in terms of access to technical and capital support and creating a link between private and public institutions of the community.
The North Texas area will impact marketing as a place for establishing new business. This is because a new environment is going to be created in this area, which means that customers in this area will have different wants and needs compared to customers from the other areas. As such, new businesses will be formed to satisfy the needs of customers in this environment. These include food, shelter and clothing. Therefore, entrepreneurs and business people dealing with such items will focus on delivery of the items and ensuring that the local people do not suffer of lack of such items.
The response to this challenge will involve conducting a market analysis of this new area. This will entail determining the various needs of the people, conducting feasibility study of the area, and establishing whether the area will provide sufficient market for new products and services. Results of this analysis will aid in making decisions as to whether to establish new businesses in the area or not to establish such businesses.
Dallas is a city in the North Texas, which uses good urban planning policies and regulations that enhance attainment of sustainable economic development (Federal Reserve Bank of Dallas 1). In this, Dallas has embraced a regional housing plan, which has enhanced continuous economic development through attainment of good housing facilities for all the community members. The policies and regulations have also contributed towards the development of a suitable cultural practice among the community members, establishment of recreation facilities and promotion of sports activities in the city. These contribute towards economic development of the city. Further, engagement of Dallas in policies pertaining to farming, business activities, housing and effective utilization of available space in the city has also enhanced economic development and attainment of success in economic development. Moreover, the city has embraced suitable regulations in the fields of health, transportation, and education, which has contributed towards attainment of an overwhelming performance and desired success level in economic development.
Works Cited
Federal Reserve Bank of Dallas. Community Development Events. Web. 9 May, 2013. Read More
Cite this document
  • APA
  • MLA
(“Local Economic Development Essay Example | Topics and Well Written Essays - 500 words - 127”, n.d.)
Retrieved from
(Local Economic Development Essay Example | Topics and Well Written Essays - 500 Words - 127)
“Local Economic Development Essay Example | Topics and Well Written Essays - 500 Words - 127”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Local Economic Development

Economic Development

...ultimately assisted them towards performing business operations effectively and efficiently in the local as well as in global business markets (Cobham, “Taxation policy and development”). Thus, on the basis of the above discussion, it can be affirmed that the aforementioned factors and policies are considered to be the major determinants for the economic development of the Asian countries. Moreover, these factors are observed to influence the Asian countries to perform better in terms of financial aspect as compared to the preceding years in this modern day context. The Asian countries with the assistance of all the aforesaid factors as well as policies would be able to...
15 Pages(3750 words)Research Paper

Economic Development

...?Economic Development The International Monetary Fund (IMF) is an organization providing advices and financial supports to the member nations at the time of situations of economic instability. The programs initiated by the organization have led to the growth of many developing as well as the developed countries of the world. The main focus of the organization is on the macroeconomic policies of the country and also helps in correcting discrepancies in the balance of payment of the country. The support provided by IMF through the issue of Special Drawing Rights to the member nations have helped in achieving economic...
10 Pages(2500 words)Research Paper

Local Economic Development Project Case of Walsh Ranch

...?LOCAL SUSTAINABLE ECONOMIC DEVELOPMENT PROJECT CASE STUDY: WALSH RANCH Submitted By Prepared for Teacher’s Your Name Teacher Name Class name Today’s Date Local Sustainable Economic Development Project Case Study: Walsh Ranch The Earth has been engulfed by the economic sustainability revolution in the past decade. The economies which used to be dependent on high carbon emissions; were waste intensive leading to polluting the environment and had an ecologically disruptive tendency; are turning to new strategies of making them, low carbon emitting, energy and resource efficient and be supportive of the ecological system...
8 Pages(2000 words)Case Study

First 5 Ventura County and local economic development,

...?First 5 Ventura County and Local Economic Development Introduction.Early Childhood Education is providing education services for children starting age 6 through nursery schools, pre-schools, or play clubs. A lot of parents are embracing this because of the many positive effects this gives not only an individual child but at the same time society as a whole.Some of the good effects of which holistically would be an improved socialization by nurturing interpersonal skills early; develops resiliency and good adaptation skill as children are exposed to different kinds of settings that would promote logic, problem-solving, comprehension and etc.; and lastly, trains children...
4 Pages(1000 words)Book Report/Review

Planning (Local Development Framework)

...Local Development Framework Local development framework is the guideline of development in your area and forms an intrinsic part of community participation. Framework defines the government and local council’s good intentions to take the community with them while formulating development agenda in their areas and introduce and incorporate the schemes and policies that benefit the community at large. They include the core strategy, site specification and allotment of land, action plan etc. and projections that would give clear indication to how the area would development in the next 15-20 years. The local development plan will consist of several Development Plan Documents (DPDs) and Supplementary Planning Documents(SPDs), conforming... of the...
2 Pages(500 words)Essay

Assignment 2

2 Pages(500 words)Essay

Competition and Economic Development: Local Clusters in a Global Economy

...Blackwell’s article “Competition and Economic Development: Local Clusters in a Global Economy” effect of competition against economic development. Economic development is an economic transition, which is effected through successful incorporation of economic processes and policies. This framework culminates in the improvement of the economic status of a nation. Economic development is determined by measuring the variability of gross national product and the gross domestic product. Additionally, this element can be ascertained from the comparison of the economic performance of other nations with the performance of a nation. There is constant economic, political, and financial competition among many nations. This aspect improves... to be...
2 Pages(500 words)Coursework

Corporate failure prediction methods

4 Pages(1000 words)Essay

Economic development

...on the economic development in Africa through agricultural activities. This considers the use of proven agricultural techniques in order to increase the yields for food security purposes. The common challenges faced by African farmers entail soil exhaustion, water insufficiency and distorted economics caused undeveloped infrastructures. This implies that the poor soil fertility hinders the growth of some crops. This is because the local farmers engage in over farming and insufficient crop rotation. The existence of poor infrastructures contributes to high production costs because the farmer cannot access fertilizers and other inputs. Similarly, constant water scarcity...
2 Pages(500 words)Coursework

Local Economic Development

...LOCAL ECONOMIC DEVELOPMENT Contents Sr.# Topic Pg.# 1. Introduction 2 2. Issues of Worsening Economy on Local Economic Development 3 2.1. UK competitiveness: The Output Gap 4 2.2. The Local Labor Market: Worklessness, Inequality & Productivity Gap 6 2.3. Impact on Business & Employment 8 2.4. Environmental Challenges to the Local Economy 10 3. Government Policy and Key Solutions 12 3.1. Economic Policy 12 3.2. Social Policy 14 3.3. Environmental Policy 15 4. Conclusion 16 References 17 List of Figures F1 UK Productivity Growth Rates 5 F2 Rate of Worklessness for Working Age...
13 Pages(3250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Local Economic Development for FREE!

Contact Us