The Fundamentals of RegionalEconomic Development
Edward W. (Ned) HillVice President for Economic DevelopmentCleveland State University
10 Rules of EconomicDevelopmentEdward W. (Ned) Hill2
1. Don’t be a victim
Be realistic withoutbeing pessimistic
Change policies andattitudes that can bechanged
Respond to opportunitywithin a strategicframework
10 Rules of EconomicDevelopmentEdward W. (Ned) Hill3
2. Economic development is aboutproducts; Not jobs
Employment is derived fromproduct demand
End users do not purchasetechnologies, they purchaseproducts and services
A regional economy is aportfolio of products andthe technologies theyembody
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