Recent Article is Relevant to Florida’s Economic Development Strategy

I recently wrote this piece for Gunster’s Boardroom Brief. Click here to learn more about my work at Gunster.

Nobel Prize winning economist Michael Spence recently published a piece in Foreign Affairs Magazine that has potential relevance for Florida’s economic development strategy.  This piece, Globalization and Unemployment: The Downside of Integrated Markets, emphasizes that, to address the problem of unemployment, the U.S. economy needs to focus on economic growth at the high end of the tradable sector of the economy, and de-emphasize the middle and lower ends of the tradable sector and the non-tradable sector.  Spence’s reasoning suggests that Florida should continue to promote the tech sector’s growth but should also work to encourage sophisticated manufacturers to locate in Florida and grow their existing operations here.

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