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Case Study Project Part I

Vibert Jacob

Liberty University

The State of Minnesota will be examined to determine the current status of the economic development. This will bring the overview of the country based on the functionality aspect that are portrayed in a daily basis and the curriculum natured down, external financial reporting, state and local governments, and the public finance. On the other hand, with the help of the S.W.O.T analysis a better description will be obtained on various grounds that need to be identified so that that different measures can be put in place. This will lead to specific economic development strategies that will need to be enhanced so that the state can run on a smooth platform that will define the success in a better approach. The economic prospects for the State of Minnesota will be obtained based on the criteria by which economic development strategies may be weighed and a discussion of recommended actions that will be nurtured down.

The production and evaluation of creative work that is deployed are categorized by the quality of governs which is a central factor in the economic growth. This means that good governs based on the "political and institutional processes and outcomes that are deemed necessary to achieve the goals of development." Economic performance is defined by good governing this is as stated by Dwivedi, (2014). In this case, is defined to have an effective governs that is natured down a well-functioning public administration, this factor has been achieved by regulation some regulations. Relatively the state has partaken the key step of underlying quality of government which is impartiality in the execution of public authority. However, a different approach has been used like the state introducing effective policymaking approach, enhancing the legislation and management of the public sector, as well as making the civil services directed towards the legal participation of citizens in society. All these factors narrow down to one aspect which is optimizing local resources and local capacities to build local potential

The different methodology that has been put in place to define the state of the economy which helps in creating a better strategic approach to the development. With this regard, the economic development examines the Strengths, Weaknesses, Opportunities, and Threats that could help or harm State of Minnesota approach. Out of this, the following deviations are obtained, the strengths include Quality and abundance of natural and wildlife resources like (water, timber, lakes), available land for commercial & industrial development, good Transportation and Cold weather testing. The weakness is Lacking education & skills of the local labor force, Lack of economic diversity, Lack of incentives for development, Lack of resources, Lack of economic growth due to climate and weather. Opportunities involve: Improving educational systems and learning options in a better option, quality water, improving customer service that is the central aspect of economic growth. Threats involve Lack of better policy that will define the state, lack of diversity in the economy (Ketkar, & Ratha, 2008).

Out of this, the specific economic development strategies may be employed to address areas of concern required for enhancing economic development is by facilitating a transparent approach in dealing with any activity that defines economic growth. This means that developing a strategy that will involve all stakeholders, government, non-government and business associated which in return will balance economic development with environmental and social priorities being considered. Having done this, the strategy should be implemented reviewed so that evaluation activities can well facilitate. By clarifying the process need to build the foundation for the economic developed a general framework of action is put in place that defines how to prioritize, make choices and allocate scarce resources to achieve objectives.

References

Dwivedi, Y. (2014). Public administration reformation: market demand from public organizations. New York: Routledge, Taylor & Francis Group.

Ketkar, S. & Ratha, D. (2008). Innovative financing for development. Washington, DC: World Bank.

Lips, M., Taylor, J. & Bannister, F. (2005). Public administration in the information society: essays on risk and trust. Amsterdam Washington, D.C: IOS Press.