Transformative Economies: Emerging Practices for Aligning Growth and Inclusion

Economic development professionals are beginning to think
differently about how they create stronger neighborhoods,
cities, and regional economies. They are applying an asset- and
market-based development framework, which entails “growing
from the inside out.” By applying this framework to the
dynamics of the 21st century economy, they are concentrating
on the synergies between fostering complementary assets in
metropolitan areas: human capital, business, innovation, and
infrastructure. And they understand that a key new dynamic
is the need to align economic growth and inclusion – that is,
sustainable growth requires inclusion and vice versa. This paper
offers a summary of the new thinking underway in the field and
describes some of the emerging practices.

December 18, 2017