Economic development as a public initiative is traditionally designed to assist designated members of a society in their efforts to adjust to structural change and economic dislocation. The goal of a typical economic development program, while a public interventionist initiative, is to stimulate private sector economic activity, thereby alleviating the stress and damage associated with structural change and economic dislocation; in other words, to help fellow citizens and perhaps neighbours through an economic transition. These are honourable and worthy goals, but even here compassion, empathy, innovative thinking, and resources — especially resources — have their limits.
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Robert J. Tosterud (1999) studied this question.