Area Development and Industrial Decentralization
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Area development has been of national concern for many years. A combination
of (a) unequal natural and. human resource endowments, (b) differential impacts of
technological change, (c) secular trends in factor and product prices, and (d)
institutional (social, economic, cultural, and political) barriers to resource
mobility have r'~sulted in wide differences in the rates and levels of economic
development among areasol It is more apparent today than ever before that many
of our country's less favored areas are responding sluggishly, if at. all, to the
forces which are causing our current rate of national economic growth.