| Who Dunnit? |
There's a plethora of thought about the process but we are yet to find anything official so we organized a comprehensive collection of economic development definitions. Taken all together the definitions chosen contain the most important keywords. Another useful file has terms that begin with the word economic. Economic development should be a process by any definition. What is the North American Economic Development Model? We searched the Web for economic
development model and came up with the following: The history of economic development as a practice in North America begins with industrial development. We searched for western industrial development model and found that Lester Brown would define the North American economic development model as working within a ... fossil-fuel-based, automobile-centered, throwaway economy. The American Economic Development Council once published a definition indicating that its practitioners are primarily involved in marketing. The promotion of North American locations that want economic development would certainly be a component of any model used as a practitioner's guide according to AEDC. A model for guiding the process locally should include recognition of the organization that is in position to apply Best Practices for Places that Want Economic Development. A practical model should take into account that politics in involved in the process. Ted Levine, a guru of economic development marketing once observed that the great practitioners understand ... politics is part of the game and (they indulge) in it with relish. Who first came up with the phrase economic development? Joseph Schumpeter. See information about The Contribution of Joseph Schumpeter to Economics: Economic Development and Institutional Change by Richard Arena and Cécile Dangel-Hagnauer at www.questia.com (source). Schumpeter coined the term economic development when he wrote The Theory of Economic Development in 1911. More information under the definition of industrial revolution in the .network glossary. Who provides professional recognition for economic development practitioners? Nothing beats experience or the recognition of economic development prospects who have worked with them. On the academic side of the question, one most go back to so called basic industrial development courses and the Industrial Development Institute at the University of Oklahoma/Norman where the process of providing professional recognition for practitioners began in North America (1962). The American Industrial Development Council introduced an Advanced Symposium in 1965 which was integrated into the IDI Year III program in 1989 after AIDC became AEDC (American Economic Development Council) and the Institute became EDI (Economic Development Institute). In the mid-1970s a certification was tacked on to the Institute program. Certification continues today under IEDC (International Economic Development Council). Recognition of professional achievement by those who are classified as prospects was provided the the International Development Research Council during the last 20 years of that organizations existence. IDRC recognition was awarded for outstanding, as opposed to academic, achievement in the form of a Master Professional designation (example) for resource and service providers engaged in enterprise and economic development. Who knows the economic development/site selection relationship best? Who was the original site
selection consultant? Who organized the first association giving economic developers the
opportunity to network with corporate real estate executives? Whose idea was it to publishing site selection criteria on the Web
and sell access to the information to economic developers? Who created the first site selection data brokerage on the Web? Who was the site selector for Disneyland and Walt Disney World? Who managed prospecting and prospect services for Bob Leak when he was director of the South Carolina State Development Board in the 1970s? When Leak took over he found that his predecessor Milton
Folds had brought in Robert
E. (Bob) Glover from Tennessee and appointed him Associate Director
in charge of prospect
development and site selection services. Glover remained
in the position throughout Leak's tenure, working at the SDB for
10 years during which time
he organized and directed South Carolina's first computerized economic
development management system. After his tenure as Associate Director of
the SDB, Glover choose a career path of building on his computer technology
experience
in combination with site location work and enterprise development for locations
that wanted economic development. This led him to the point of
creating The
Network in the mid-1990s. The SDB is now the South
Carolina Department of Commerce. W. Milton Folds left South Carolina in 1976 to become the head of the Georgia Department of Industry and Trade (1977) which is now the Department of Economic Development (2004). Folds was an outstanding professional in the field of industrial development for many years. He developed successful working relationships with corporate leaders at the highest levels. He retired from economic development to become an senior executive with Kimberly-Clark after directing state-level programs in both South Carolina and Georgia. |
Select the search promise button if you don't see what you want or CLICK HERE. Basic economic development courses, once called basic industrial development courses, are offered in various places. To learn more about them and where they are available, copy and paste ... basic course economic development ... in the search box below and Google. For more about economic development education try the following keyword combinations: education courses economic development economic development institute |
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/ 02/12/2008 |