Passage:During the 1960’s and 1970’s the primary economic - ProProfs Discuss
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Passage:During the 1960’s and 1970’s the primary economic development strategy of local governments in the United States was to attract manufacturing industries. Unfortunately, this strategy was usually implemented at another community’s expense: many manufacturing facilities were lured away from their moorings elsewhere through tax incentive and slick promotional efforts. Through the transfer to jobs and related revenues that resulted from this practice, one town’s triumph could become another town’s tragedy.In the 1980’s the strategy shifted from this zero-sum game to one called “high-technology development,” in which localgovernments competed to attract newly formed high-technology manufacturing firms. Although this approach was preferable to victimizing other geographical areas by taking their jobs, it also had its shortcomings: high-tech manufacturing firms employ only a specially trained fraction of the manufacturing workforce, and there simply are not enough high-tech firms to satisfy all geographic areas.Recently, local governments have increasingly come to recognize the advantages of yet a third strategy: the promotion of homegrown small businesses. Small indigenous businesses are created by a nearly ubiquitous resource, local entrepreneurs. With roots in their communities, these individuals are less likely to be enticed away by incentives offered by another community. Indigenous industry and talent are kept at home, creating an environment that both provides jobs and fosters further entrepreneurship.Question: The tone of the passage suggests that the author is most optimistic about the economic development potential of which of the following groups?



A. Local governments
B. High-technology promoters
C. Local entrepreneurs
D. Manufacturing industry managers

This question is part of Reading Comprehension_Passage on Economy
Asked by Jagran josh, Last updated: Jun 30, 2020

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jagran josh

Jagran josh

Answered Apr 13, 2018

Local entrepreneurs
 

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