Monday, May 16, 2011

Does Economic Development Work?

The most recent edition of This American Life, entitled "How To Create a Job," featured a segment on Economic Development - or, in this case, the myth of Economic Development. Adam Davidson of Planet Money attends a meeting of the International Economic Developers Council in San Diego and demystifies some of the claims made for the industry of Economic Development, putting in question the effectiveness of its impacts on local economies.

Apart from chanting "Jobs, jobs, jobs," like a deranged shaman, how are jobs created?