ERIC Number: ED310261
Record Type: RIE
Publication Date: 1988-Mar
Reference Count: N/A
The Future Economic Role of Counties. Employment and Training Issues.
Fosler, R. Scott
The economic role of counties is changing profoundly because of a revolutionary restructuring of the world economy and related changes in federalism. Three major forces are restructuring the economy: overcapacity in traditional industries, the emergence of new technologies that are creating new service and knowledge-based industries and transforming old industries, and globalization in production and technology. These forces are transforming the economic role of federal, state, and local governments in the following ways: (1) the United States' economic dominance in the world has lessened; (2) the federal government's traditional macroeconomic tools of fiscal and monetary policy are not as effective in guiding national economic performance in an interdependent world economy; (3) the ability of the federal government to shape the country's economic future is constrained by huge budget and trade deficits; and (4) states and localities will have greater responsibility and greater opportunity to shape their own economies in a competitive world. As geographical building blocks of the new political economy, counties should build the foundations for economic vitality in the new economy; strengthen the process of economic development; develop the regional economy; advocate sound economic policy at the state and federal levels; strengthen management to become proactive in managing events; and confront the key political choices that will affect the country's economic future. (KC)
Publication Type: Opinion Papers
Education Level: N/A
Audience: Practitioners; Community
Sponsor: Department of Labor, Washington, DC.
Authoring Institution: National Association of Counties, Washington, DC.