A Simplified, Globally Competitive Economic Development Policy Framework
Author(s)
Shove, Christopher
Abstract
A regional economic policy-making framework is developed based on the two factors that affect business, namely, product cycle and firm size. The product cycle theory states that the industrial location is determined by product inputs and competition conditions, while the firm size seems to affect business performance. Proper understanding of factors affecting businesses enables economic development policymakers to develop policies that will benefit their area’s economy.
