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The Outlook for the Metropolitan Area

By Dick Netzer


Much of the discourse about regional and local economic development strategies in the United States over the past twenty-five years has looked like a search for general rules. Very few such rules have emerged, in part because—like all policy debates—there have been large inputs of ideology and self-interest, as well as professional inquiry, but in part because the appropriate strategies really are time- and place-specific. The strategies that are right depend on, first, the diagnosis of the economic problems and potential of that region or city at that time and, second, an assessment of just what it is that intervention can achieve in the circumstances of time and place. The authors of the other papers presented at this conference deal systematically and exhaustively with the fundamentals of the New York region’s economic conditions and prospects, but it is essential that this paper start with an exposition of the economic setting for the discussion of policy intervention that comprises the bulk of the paper

Year: 2011
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