Economic development policies and programs
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6 Terms
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Economic Development
The process of improving economic well-being and quality of life by fostering sustainable growth, job creation, and wealth generation.
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Agglomeration Effects
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Cumulative Causation
Growth concentrates in core regions due to positive feedback loops.
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Spread Effect
Economic benefits that spread from core regions to peripheral areas.
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Backwash Effect
impacts on peripheral regions due to resources being drawn to core regions.
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Place Branding
Promoting a city's image and quality of life to attract businesses and talent.
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