Economic development: poverty solution for the rural South
- Cornell Univ., Ithaca, NY
The 1970 census showed the South to have 41.3% of the US rural population and 44% of the poor with only 31% of the population. Economic development in the rural South has been limited by a lack of financial and physical capital and by a tradition of discriminatory and conservative institutional practices that restrict development. An experimental Federal program of low-interest loans recognized these problems in the Area Redevelopment Act (ARA) of 1961, later replaced by the Public Works and Economic Development Act of 1965 and the Rural Development Act of 1972. Each of these assumed an infrastructure for job creation and failed to provide for human resource development. The search for an acceptable policy alternative to this approach may find an answer in community and development corporations (CDCs), which transcend political boundaries and allow local people to own and control the businesses they organize or attract, but which are bound by the local financial capability. The authors feel that, until policies recognize the need to have a national balance of urban and rural life, Federal intervention should be confined to a supportive role. 23 references. (DCK)
- OSTI ID:
- 6734333
- Journal Information:
- Growth and Change; (United States), Vol. 11:4
- Country of Publication:
- United States
- Language:
- English
Similar Records
Middlesex South FUSRAP Site: Collaboration Towards Beneficial Reuse - 20338
National energy policy plans