Yes, But...: Questioning the Conventional Wisdom about Economic Development

Abstract

This article explores various aspects of the conventional wisdom regarding local economic development policy and policy making. Much widely accepted knowledge about why and how local governments approach economic development is based on a fairly narrow array of methodological approaches. And the conclusions often suffer from the limitations inherent in their respective methodologies. This may mean that what we think we know about local economic development might be reasonably accurate, but it does not quite reflect actual local dynamics. Yes, the conventional wisdom is true, but.... Using data from a large survey database of Canadian and U.S. cities along with findings from nine case studies in medium-size and smaller cities in both nations, the authors challenge a number of accepted truths and present an alternative civic culture framework for better understanding economic development policy making.