During the 1960s and 1970s, the primary economic development strategy of local governments in the United States was to attract manufacturing industries. Unfortunately, this strategy was usually implemented at another community's expense: many manufacturing facilities were lured away from their moorings elsewhere through tax incentives and slick promotional efforts. Through the transfer of jobs and related revenues that resulted from this practice, one town's triumph could become another town's tragedy.
In the 1980s the strategy shifted from this zero-sum game to one called "high-technology development," in which local governments competed to attract newly formed high-technology manufacturing �rms. Although this approach was preferable to victimizing other geographical areas by taking their jobs, it also had its shortcomings: high-tech manufacturing �rms employ only a specially trained fraction of the manufacturing workforce, and there simply are not enough high-tech �rms to satisfy all geographic areas.
Recently, local governments have increasingly come to recognize the advantages of yet a third strategy: the promotion of homegrown small businesses. Small indigenous businesses are created by a nearly ubiquitous resource, local entrepreneurs. With roots in their communities, these individuals are less likely to be enticed away by incentives offered by another community. Indigenous industry and talent are kept at home, creating an environment that both provides jobs and fosters further entrepreneurship
The author of the passage mentions which of the following as an advantage of high-technology development?
(A) It encourages the modernization of existing manufacturing facilities.
(B) It promotes healthy competition between rival industries.
(C) It encourages the growth of related industries.
(D) It takes full advantage of the existing workforce.
(E) It does not advantage one local workforce at the expense of another
I refer this question to "local governments competed to attract newly formed high-technology manufacturing �rm"
IMO,
encourage = attract,
newly = modernization
form = exist
manufacturing = facilities
That's why I pick up A.
Please correct my fault
thanks a lot
have a nice day
>_~
In the 1980s the strategy shifted from this zero-sum game to one called "high-technology development," in which local governments competed to attract newly formed high-technology manufacturing �rms. Although this approach was preferable to victimizing other geographical areas by taking their jobs, it also had its shortcomings: high-tech manufacturing �rms employ only a specially trained fraction of the manufacturing workforce, and there simply are not enough high-tech �rms to satisfy all geographic areas.
Recently, local governments have increasingly come to recognize the advantages of yet a third strategy: the promotion of homegrown small businesses. Small indigenous businesses are created by a nearly ubiquitous resource, local entrepreneurs. With roots in their communities, these individuals are less likely to be enticed away by incentives offered by another community. Indigenous industry and talent are kept at home, creating an environment that both provides jobs and fosters further entrepreneurship
The author of the passage mentions which of the following as an advantage of high-technology development?
(A) It encourages the modernization of existing manufacturing facilities.
(B) It promotes healthy competition between rival industries.
(C) It encourages the growth of related industries.
(D) It takes full advantage of the existing workforce.
(E) It does not advantage one local workforce at the expense of another
I refer this question to "local governments competed to attract newly formed high-technology manufacturing �rm"
IMO,
encourage = attract,
newly = modernization
form = exist
manufacturing = facilities
That's why I pick up A.
Please correct my fault
thanks a lot
have a nice day
>_~
