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The Logic Of Adaptive Sequential Experimentation In Policy Design
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Book Synopsis The Logic of Adaptive Sequential Experimentation in Policy Design by : Haipeng Xing
Download or read book The Logic of Adaptive Sequential Experimentation in Policy Design written by Haipeng Xing and published by Intl Food Policy Res Inst. This book was released on 2013-06-26 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inspired by the wide adoption of rigorous randomized controlled trials (RCTs) in medical research, economists and other social scientists have increasingly used RCTs in their research. As researchers pick up projects amenable to the RCT methodology, they likely leave out important questions to which RCTs cannot be directly applied. As a result, RCTs have been criticized for the proclivity of addressing trivial questions. As a matter of fact, in medical research RCTs are an integral part of adaptive sequential experiment designa few steps must be taken to screen out drugs that have toxins and strong side effects before running any RCTs on humans. In this paper, we argue that economists can learn a great deal from the design principles implemented in medical research. We develop a theoretical model to show the logic of adaptive sequential experiment design in the presence of uncertainty over negative effects and discuss how to choose samples in a population to minimize the experiment cost. We also point out the applications of our proposed framework in the economic domain, such as economic reforms and new product design.
Book Synopsis The Impact of Alternative Input Subsidy Exit Strategies on Malawis Maize Commodity Market by : Mariam A. T. J. Mapila
Download or read book The Impact of Alternative Input Subsidy Exit Strategies on Malawis Maize Commodity Market written by Mariam A. T. J. Mapila and published by Intl Food Policy Res Inst. This book was released on 2013-07-16 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study has been conducted in order to generate evidence of the visibility of exit from farm input subsidies in an African context. The study simulates the impact of alternative exit strategies from Malawis farm input subsidy program on maize markets. The simulation is conducted using a multiequation partial equilibrium model of the national maize market, which is sequentially linked via a price-linkage equation to local rural maize markets. The model accounts for market imperfections prevailing in the country that arise from government price interventions. Findings show that some alternative exit strategies have negative and sustained impacts on maize yields, production, and acreage allocated to maize over the simulation period. Market prices rise steadily as a result of the implementation of different exit strategies. Despite higher maize prices, domestic maize consumption remains fairly stable, with a slow but increasing trend over the simulation period. Results further suggest that exit strategies that are coupled with improvements in agricultural extension services have the potential to offset the negative impacts of the removal or scaling down of agricultural input subsidies. The study findings demonstrate the difficulty of feasibly removing farm input subsidies. Study recommendations are therefore relevant for policymakers and development partners debating removal or implementation of farm input subsidies.
Book Synopsis Welfare and Poverty Impacts of Indias National Rural Employment Guarantee Scheme by : Klaus Deininger
Download or read book Welfare and Poverty Impacts of Indias National Rural Employment Guarantee Scheme written by Klaus Deininger and published by Intl Food Policy Res Inst. This book was released on 2013-09-13 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indias National Rural Employment Guarantee Scheme (NREGS) is one of the largest public works programs globally. Understanding the impacts of NREGS and the pathway through which its impacts are realized thus has important policy implications. We use a three-round 4,000-household panel from Andhra Pradesh together with administrative data to explore short- and medium-term poverty and welfare effects of NREGS. Triple difference estimates suggest that participants significantly increase consumption (protein and energy intake) in the short run and accumulate more nonfinancial assets in the medium term. Direct benefits exceed program-related transfers and are most pronounced for scheduled castes and tribes and households supplying casual labor. Asset creation via program-induced land improvements is consistent with a medium-term increase in assets by nonparticipants and increases in wage income in excess of program cost.
Book Synopsis Womens Empowerment and Nutrition by : Mara van den Bold
Download or read book Womens Empowerment and Nutrition written by Mara van den Bold and published by Intl Food Policy Res Inst. This book was released on 2013-11-01 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many development programs that aim to alleviate poverty and improve investments in human capital consider womens empowerment a key pathway by which to achieve impact and often target women as their main beneficiaries. Despite this, womens empowerment dimensions are often not rigorously measured and are at times merely assumed. This paper starts by reflecting on the concept and measurement of womens empowerment and then reviews some of the structural interventions that aim to influence underlying gender norms in society and eradicate gender discrimination. It then proceeds to review the evidence of the impact of three types of interventionscash transfer programs, agricultural interventions, and microfinance programson womens empowerment, nutrition, or both. Qualitative evidence on conditional cash transfer (CCT) programs generally points to positive impacts on womens empowerment, although quantitative research findings are more heterogenous. CCT programs produce mixed results on long-term nutritional status, and very limited evidence exists of their impacts on micronutrient status. The little evidence available on unconditional cash transters (UCT) indicates mixed impacts on womens empowerment and positive impacts on nutrition; however, recent reviews comparing CCT and UCT programs have found little difference in terms of their effects on stunting and they have found that conditionality is less important than other factors, such as access to healthcare and child age and sex. Evidence of cash transfer program impacts depending on the gender of the transfer recipient or on the conditionality is also mixed, although CCTs with non-health conditionalities seem to have negative impacts on nutritional status. The impacts of programs based on the gender of the transfer recipient show mixed results, but almost no experimental evidence exists of testing gender-differentiated impacts of a single program. Agricultural interventionsspecifically home gardening and dairy projectsshow mixed impacts on womens empowerment measures such as time, workload, and control over income; but they demonstrate very little impact on nutrition. Implementation modalities are shown to determine differential impacts in terms of empowerment and nutrition outcomes. With regard to the impact of microfinance on womens empowerment, evidence is also mixed, although more recent reviews do not find any impact on womens empowerment. The impact of microfinance on nutritional status is mixed, with no evidence of impact on micronutrient status. Across all three types of programs (cash transfer programs, agricultural interventions, and microfinance programs), very little evidence exists on pathways of impact, and evidence is often biased toward a particular region. The paper ends with a discussion of the findings and remaining evidence gaps and an outline of recommendations for research.
Book Synopsis The Logic of Adaptive Behavior by : Martijn van Otterlo
Download or read book The Logic of Adaptive Behavior written by Martijn van Otterlo and published by IOS Press. This book was released on 2009 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Markov decision processes have become the de facto standard in modeling and solving sequential decision making problems under uncertainty. This book studies lifting Markov decision processes, reinforcement learning and dynamic programming to the first-order (or, relational) setting.
Book Synopsis The Oxford Handbook of Structural Transformation by : Célestin Monga
Download or read book The Oxford Handbook of Structural Transformation written by Célestin Monga and published by . This book was released on 2019 with total page 741 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Oxford Handbook provides a critical assessment of the history, patterns, and strategies of economic transformation. It deals with major themes including policy issues, illuminating country experiences, and important debates on the respective roles of the market and the state.
Book Synopsis Assessment of the Capacity, Incentives, and Performance of Agricultural Extension Agents in Western Democratic Republic of Congo by : Catherine Ragasa
Download or read book Assessment of the Capacity, Incentives, and Performance of Agricultural Extension Agents in Western Democratic Republic of Congo written by Catherine Ragasa and published by Intl Food Policy Res Inst. This book was released on 2013-08-19 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural extension is critical for agricultural growth and food security, but making the extension system effective, demand driven, and responsive to the needs of a diverse set of producers remains a challenge. As part of the institutional reforms in the Democratic Republic of Congo (DRC), the extension system is being reviewed to identify strategies and practical actions to transform the system to better respond to the knowledge needs in a rapidly changing agriculture and food sector. This paper provides an in-depth review of the agricultural extension system of DRC including an analysis of its policies and legal framework, organization, and management; links to critical institutions; and capacity and incentive of different actors in the system. This review involved document analyses, interviews with key informants, and surveys of 107 extension organizations and 162 extension agents in 156 randomly selected villages in western DRC. This review suggests serious funding constraints, human resource management problems, no linkage and coordination within the extension system and with research and education systems, and a majority of underserved communities and farmers. This review also highlights a good opportunity given the huge human resources (more than 11,000 agents) deployed into the sectors and territories as part of the Ministrys agricultural inspection system. However, their mandate is not clear and they currently focus on data collection (census) and checking what farmers do and limited in extension and advisory work. This review highlights the urgent need for human resource or civil service reform; public-sector commitment and funding; infrastructure rebuilding and skills upgrading in extension, education and training, and research organizations; and a unified policy or strategy with clear vision, mandate, targets, and performance-based incentive system.
Book Synopsis The Formation of Job Referral Networks by : Antonio Stefano Caria
Download or read book The Formation of Job Referral Networks written by Antonio Stefano Caria and published by Intl Food Policy Res Inst. This book was released on 2013-09-05 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Agricultural Commercialization, Land Expansion, and Homegrown Large-Scale Farmers by : Antony Chapoto
Download or read book Agricultural Commercialization, Land Expansion, and Homegrown Large-Scale Farmers written by Antony Chapoto and published by Intl Food Policy Res Inst. This book was released on 2013-09-03 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past decade has seen several African countries increasing their agricultural growth, a trend largely underpinned by increases in land area cultivated instead of productivity increases. Meanwhile, scholars debate whether Africa should pursue a strategy of large-scale or smallholder farms, paying little attention to a special group of smallholder farmers who have transitioned to become medium- and large-scale farmers. This study, therefore, begins to analyze this group of farmers, using qualitative data from in-depth interviews and focus group discussions in Ghana. We analyze their characteristics, ingredients of farm-size expansion, and commercialization. Numerous insights are gained and hypotheses formulated for future research. One important insight is that with the right attitude, exposure, and discipline, it is possible for smallholder farmers to increase their farm size and commercialize regardless of initial farm enterprise choice. However, to transition, initial farm size and farming system appear critical, with farmers in areas of low population density and flat topography more likely to acquire larger farming land. The transition, however, occurs gradually over 20 to 30 years, with mean annual land acquisition rates ranging from 0.3 to 24.3 acres per year. In the transition process, large- and medium-scale farmers are found to increase their use of modern farm inputs (such as fertilizer and high-yielding seed varieties) and agricultural technologies (such as tractors and processing machinery) and appear more productive than smallholder farmers. Additional quantitative analyses using representative survey data are, however, needed to substantiate the observed qualitative patterns and to further understand the trajectories of farm size expansion and the implications for agricultural productivity and commercialization.
Book Synopsis Targeting Technology to Reduce Poverty and Conserve Resources by : Travis J. Lybbert
Download or read book Targeting Technology to Reduce Poverty and Conserve Resources written by Travis J. Lybbert and published by Intl Food Policy Res Inst. This book was released on 2013-07-02 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demand heterogeneity often makes it profitable for firms to price and promote goods and services differently in different market segments. When private consumption brings public benefits, this same heterogeneity can be used to target public subsidies. We explore the design of publicprivate targeting and segmentation strategies in the case of a resource-conserving agricultural technology in India. To understand farmers heterogeneous demand for laser land leveling (LLL), we conducted an experimental auction for LLL services with an integrated randomized controlled trial to estimate the private benefits of the technology. We use graphical and econometric approaches to characterize farmer demand for LLL. We then add detailed cost data from LLL providers to simulate and evaluate several potential targeted delivery strategies based on measures of (1) the cost-effectiveness of expanding LLL dissemination, (2) water savings, and (3) market surplus in a welfare framework. These simulations demonstrate inherent tradeoffs between increasing the amount of land that is leveled and expanding the number of farmers who adopt the technology, and between adoption and water savings. While segmenting and targeting are popular elements of many publicprivate partnerships to develop and disseminate agricultural technologies, formulating and implementing effective delivery strategies requires a rich understanding of costs, benefits, and demand. Our experimental approach generates such an understanding and may be relevant in other contexts.
Book Synopsis An Ex Ante Analysis of the Impact and Cost-Effectiveness of Biofortified High-Provitamin A and High-Iron Banana in Uganda by : John L. Fiedler
Download or read book An Ex Ante Analysis of the Impact and Cost-Effectiveness of Biofortified High-Provitamin A and High-Iron Banana in Uganda written by John L. Fiedler and published by Intl Food Policy Res Inst. This book was released on 2013-07-16 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uganda has made notable progress in reducing micronutrient deficiencies in recent years, but the prevalence of vitamin A deficiency (VAD) and anemia among children under 5 remain unacceptably high. According to World Health Organization criteria, VAD remains a public health problem in Uganda, and anemia is a severe problem. In this paper we explore the potential contribution to reducing both of these deficiencies using a genetically modified, highprovitamin A and high-iron banana (HPVAHIB) that is currently being developed. We present an ex ante analysis of the costs and nutritional benefits of HPVAHIB. Using the Ugandan National Household Survey of 2005/06, we analyzed the production and consumption patterns of highland cooking banana (nakinyika) and sweet banana (sukalindizi). Informed by the empirical findings, we developed geographically differentiated adoption, production, consumption, and diffusion patterns for several types of HPVAHIB. Based on households reported quantities of each type of banana currently consumed, we estimated the number of people consuming each banana and the quantities they consume, and then simulated the additional intakes of vitamin A and iron and estimated the number of disability-adjusted life years (DALYs) saved attributable to each. Combining the health impacts with the estimated costs of the project, three impact measures of the HPVAHIB are developed: the cost per DALY saved, the benefitcost ratio, and the internal rate of return. Eighteen scenarios are estimated. The base scenario, which includes only the biofortification of cooking banana with provitamin A at a level equal to 400 percent its intrinsic provitamin A content, estimates that the net present cost per DALY saved of HPVAHIB is US$62, its benefitcost ratio is 16, and its internal rate of return is 31 percent. According to criteria established by the World Health Organization and the World Bank, the HPVAHIB project is a very cost-effective health intervention.
Book Synopsis Links between Tenure Security and Food Security by : Hosaena Ghebru Hagos
Download or read book Links between Tenure Security and Food Security written by Hosaena Ghebru Hagos and published by Intl Food Policy Res Inst. This book was released on 2013-09-13 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: While numerous studies exist that evaluate the impacts of land reform on household investment behavior, land productivity, and land rental market activities, the literature is thin in terms of showing the direct food securities impacts of land tenure reforms. This study, thus, uses five rounds of household panel data from Tigray, Ethiopia, collected in the period 19982010 to assess the impacts of a land registration and certification program that aimed to strengthen tenure security and how it has contributed to increased food availability and thus food security in this food-deficit region. Our first survey took place just a year before the intervention (the land certification program). Our panel data in combination with the years of certificate ownership variable allow us to assess the dynamic impacts on food (calorie) availability of strengthened tenure security. Anthropometric data also allow us to assess potential child nutrition impacts of the reform 812 years after its implementation. Results show that land certification appears to have contributed to enhanced calorie availability (calorie intake), and more so for female-headed households, either through enhanced land rental market participation or increased investment and productivity on owner-operated land. Results also show that members of households that accessed additional land through the land rental market had a significantly higher body mass index. Though results show that land rental market participation is enhancing production efficiency, high transaction costs in that market suggest there are still unrealized gains from trade. Thus, the recent restrictive regional land law that allows for only short-term rental contracts and does not allow more than 50 percent of land to be rented out may threaten future tenure security and may undermine the benefits from the existing tenure reform.
Book Synopsis Cambodian Agriculture by : Timothy S. Thomas
Download or read book Cambodian Agriculture written by Timothy S. Thomas and published by Intl Food Policy Res Inst. This book was released on 2013-08-22 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cambodia has been identified as one of the most vulnerable countries to climate change, given the predicted changes in temperature and precipitation, the share of labor in agriculture, and the countrys low adaptive capacity due to widespread poverty. In this study, we use climate data from four general circulation models (GCMs) to evaluate the impact of climate change on agriculture in Cambodia by 2050. We used the Decision Support System for Agrotechnology Transfer crop modeling software to evaluate crop yields, first for the 19502000 period (actual climate) and then for the climates given by the four GCMs for 2050. We evaluated crop yields for eight different crops at 2,162 points in Cambodia, using a grid of 10-kilometer squares, for 2000 and 2050. For each crop, we searched for the best cultivar (variety) in each square, rather than assuming the same cultivar to be used in all locations. We also searched for the best planting month in each square. We explored potential gains from changing fertilizer levels and from using irrigation to compensate for rainfall changes. This analysis indicates that when practiced together, using improved cultivars better suited for the changing climate conditions and adjusting planting dates can lessen the impact of climate change on yields, including for both wet- and dry-season rice. In addition, the analysis shows that losses in yield due to climate change can be compensated forfor many cropsby increasing the availability of nitrogen in the soil. To provide context to the modeling analysis, a survey of 45 communes was conducted using focus group discussions to solicit information on agricultural practices. Questions were asked about fertilizer, irrigation, seeds, tillage, and pest management, as well as about natural disasters and how farmers respond. Key results indicate that in response to extreme weather, only 7 to 16 percent of farmers report changing crop variety and only 20 percent of farmers report changing planting dates. Since the modeling results indicate that adaptation to climate change by changing crop variety and planting dates will be critical in order to avoid yield losses over the next 40 years, it is recommended that farmers expand their capacity to adapt in this way. In addition, every commune reported using some type of chemical fertilizer; however, in a typical commune, only 50 percent of the farmers were using any chemical fertilizer. This indicates that there is room to increase the use of chemical fertilizers. Finally, focus group participants were asked to name the top three natural disasters of concern. Drought was the most cited, reported in 44 of the 45 communes (98 percent), while flooding was cited in 67 percent of the communes surveyed. Despite this, in fully 58 percent of the communes, farmers reported taking no action in response to floods. In response to drought, farmers reported switching to other crops in 16 percent of the communes, and changed planting dates in 19 percent, while only 7 percent of the communes reported no adaptation in farming practices. These findings indicate the need for intervention to help farmers deal with floods in particular, and to determine whether strategies for adapting to drought are the best suited to mitigate crop loss.
Book Synopsis Land Constraints and Agricultural Intensification in Ethiopia by : Derek Headey
Download or read book Land Constraints and Agricultural Intensification in Ethiopia written by Derek Headey and published by Intl Food Policy Res Inst. This book was released on 2013-09-13 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Highland Ethiopia is one of the most densely populated regions of Africa and has long been associated with both Malthusian disasters and Boserupian agricultural intensification. This paper explores the race between these two countervailing forces, with the goal of informing two important policy questions. First, how do rural Ethiopians adapt to land constraints? And second, do land constraints significantly influence welfare outcomes in rural Ethiopia? To answer these questions we use a recent household survey of high-potential areas. We first show that farm sizes are generally very small in the Ethiopian highlands and declining over time, with young rural households facing particularly severe land constraints. We then ask whether smaller and declining farm sizes are inducing agricultural intensification, and if so, how. We find strong evidence in favor of the Boserupian hypothesis that land-constrained villages typically use significantly more purchased input costs per hectare and more family labor, and achieve higher maize and teff yields and high gross income per hectare. However, although these higher inputs raise gross revenue, we find no substantial impact of greater land constraints on net farm income per hectare once family labor costs are accounted for. Moreover, farm sizes are strongly positively correlated with net farm income, suggesting that land constraints are an important cause of rural poverty. We conclude with some broad policy implications of our results.
Book Synopsis Organizational and Institutional Issues in Climate Change Adaptation and Risk Management by : Catherine Ragasa
Download or read book Organizational and Institutional Issues in Climate Change Adaptation and Risk Management written by Catherine Ragasa and published by Intl Food Policy Res Inst. This book was released on 2013-07-17 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change places demand on existing governance structures to reform and work more effectively than in the past. In response, greater attention to and funding for climate change adaptationincluding the efforts of National Adaptation Programmes of Action (NAPAs), the Least Developed Country Fund, the Special Climate Change Fund, the Adaptation Fund, and the E.U. Global Climate Change Allianceprovide an opportunity for institutional, organizational, and human-capacity strengthening. This study was conducted to explore the challenges and opportunities for building human, organizational, and institutional capacity for more effective climate change adaptation in developing countries. It is part of a larger research project titled Enhancing Womens Assets to Manage Risk under Climate Change: Potential for Group-Based Approaches, which is being conducted to help organizations better understand ways in which development projects can assist rural households in adapting to and managing the effects of climate change. This report provides some reflections and insights on the level of awareness, practices, and organizational and institutional issues being faced by countries as they adapt to climate change, based on interviews with 87 practitioners working in government agencies, local organizations, international organizations, and think thanks reporting involvement in climate change adaptation. Data were collected in Bangladesh, Ethiopia, Kenya, and Mali using both an e-survey platform and face-to-face interviews. Responses reveal active work within these organizations on climate change adaptation and emphasize their important role in the countries efforts to address and adapt to climate change. Responses also reveal strong awareness among these organizations of different aspects of climate change adaptation along the different stages in a climate change adaptation project cycle, which may be a reflection of the active discussions and awareness campaigns during NAPA development in these countries. However, despite the awareness and presence of national strategies and action plans, there seem to be no explicit and clearly defined policy and strategy within these organizations outlining their role in and contribution to the national and collective efforts and, more importantly, no explicit and measurable targets and monitoring and evaluation (M&E) system to track progress and outcomes over time. Reported capacity gaps can be grouped into two categories: training needs and institutional challenges. In many organizations, there is limited awareness of and emphasis on the need for participation of target groups and beneficiaries during design and planning of climate change adaptation projects. In addition, many respondents reported a need for greater attention to issues related to profitability, financial sustainability, and market access from climate change project design to M&E. Finally, respondents emphasized that climate change projects should pay greater attention to gender, social, political, and cultural issues in their design and implementation. Reflections of respondents also highlighted the need for organizational capacity strengthening for those local organizations working in and providing services to rural communities, and for promoting a culture of impact and M&E within these organizations, in addition to the reported training needs in climate change management and in gender and social analysis. While this report provides some insights, further empirical analyses are needed to discover more details on strategies that could help trigger mind-set and organizational culture change and to capture the complexity of organizational and institutional issues hindering climate change adaptation efforts that aim at reducing vulnerability and contributing to development outcomes.
Book Synopsis Local Warming and Violent Conflict in North and South Sudan by : Margherita Calderone
Download or read book Local Warming and Violent Conflict in North and South Sudan written by Margherita Calderone and published by Intl Food Policy Res Inst. This book was released on 2013-07-15 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Weather shocks and natural disasters, it has been argued, represent a major threat to national and international security. Our paper contributes to the emerging micro-level strand of the literature on the link between local variations in weather shocks and conflict by focusing on a pixel-level analysis for North and South Sudan at different geographical and time scales between 1997 and 2009. Temperature anomalies are found to strongly affect the risk of conflict. In the future the risk is expected to magnify in a range of 21 to 30 percent under a median scenario, taking into account uncertainties in both the climate projection and the estimate of the response of violence to temperature variations. Extreme temperature shocks are found to strongly affect the likelihood of violence as well, but the predictive power is hindered by substantial uncertainty. Our paper also sheds light on the vulnerability of areas with particular biophysical characteristics or with vulnerable populations.
Book Synopsis Building effective clusters and industrial parks by : Zhang, Xiaobo
Download or read book Building effective clusters and industrial parks written by Zhang, Xiaobo and published by Intl Food Policy Res Inst. This book was released on 2016-12-22 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is a daunting task to build institution and infrastructure over a short time period in developing countries. But in the absence of sound institutions and adequate infrastructure, it is difficult for economic transformation to take place. An alternative is to facilitate existing industrial clusters or build industrial parks by creating an enabling environment in a limited place. This paper reviews the commonly used strategies to build effective clusters and industrial parks. Clusters and industrial parks are location specific. Because they have an informational advantage, local governments are in a better position than the central government to identify and solve the bottlenecks that affect clusters and industrial parks. As clusters and industrial parks evolve, new bottlenecks emerge, thereby requiring new solutions. This in turns calls for continuous tinkering by local governments. It is important to place local governments and business communities in the driver’s seat of local economic growth so that they can watch out for and adjust to the bumps in the road ahead.
