Thursday, August 2, 2007

Rural Economic Development

The Federal Reserve Bank of Kansas City often has some thoughts on our rural economies. The following comments come from a KC Fed newsletter, "The Main Street Economist."
"The advantages of innovation are often well within the reach of rural America. Size and distance may limit a rural entrepreneur's ability to produce radical new innovations. But adopting new technologies and retailoring them exemplify the traditional spirit of rural American, especially in agriculture. In the language of economics, rural places are adept at technological adaption. a kind of inovation that improves existing technologies. The key players in this game of innovation are rural entrepreneurs."
This issue is posted in the economics section at

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