Federal Reserve Bank of Chicago symposium.
Assessing the Midwest Economy: Looking Back to the Future
Prepared by:
William A. Testa, Thomas H. Klier, and Richard H. Mattoon
Economic Research Department
Report of Findings
Table of Contents
I. Motivation and Goals of the Midwest Assessment Project
II. Documenting the Turnaround
III. Why Did the Region Revive?
- Timing and Depth
- External Conditions
- Emerging Geography of the Auto Industry
- Federal Spending Patterns
- Energy
- Exports - Changing How We Do Business (Internal Adjustments)
- Technology and Organization
- Costs of Business Operation
- The Public Sector
- Institutional Capital - Recap
IV. Challenges and Opportunities Ahead
- Technology and Productivity
- Open Markets and Open Borders - Challenges
- Work Force Issues
- Education of the Young - Rural Areas
- Metropolitan Areas
- State Local Government Policies
- Tax and Economic Development Policy
- Infrastructure
V. Conclusions: The End of the Beginning
- Review and Outlook
- Blueprint for Action
- Education and Work Force Training
- Regional Policy Importance
-- Changing Industry Structure, Location, and Technology
-- Urban Cores and Metropolitan Areas
-- Rural Communities - A Future that Requires Better Regional Information
VI. Notes
VII. Appendix
- Acknowledgments
- Schedule and Description of Workshops
- Participants in the Process
- Working Papers
