This model is effective because it capitalizes on local production, and because it forges a local business development strategy that effectively meets many of the anchor institutions’ own needs.21 Role for community-based organizations Clearly, the challenges facing low-wage workers are multi-faceted and complex.
The economic literature referred to and the discussions held in this conference make it clear that a number of elements may interact. Second, there is no well-defined list of factors that could ensure high productivity growth in all cases. For example, economists know that reliable institutions, fully operating markets, and competition may provide incentives for investment, human capital accumulation, and productivity growth.