Thinking better about rural wealth creation and retention

  • David L. Kay Cornell University
Keywords: Community Capitals, Community Economic Development, Wealth Creation, Rural, Rural Economies, Community Development, WealthWorks

Abstract

First paragraphs:

For some decades now, the practices of eco­nomic and community development have increasingly intertwined. This has largely involved a rebalancing of the economic and community por­tions of the mix to give increasing prominence to the community side of the ledger. In their decade-and-a-half-old article, Rethinking Community Economic Development, Shaffer, Deller, and Marcouiller (2006) illustrated this in their classification of successive waves of dominant community economic develop­ment (CED) theory and practice: export base, business retention and expansion, collaboration and partnership driven, and cluster development.

Shanna Ratner’s 2020 book Wealth Creation: A New Framework for Rural Economic and Community Development comes from one of the leading devel­opers and practitioners of a fifth-wave approach that is beginning to lay a legitimate claim to the respect of academics, professionals, and commu­nity members alike. In 158 pages, Ratner’s slim and accessible volume does an admirable job of summarizing a synthetic approach that is both informed by theory and steeped in decades of participant-observation and learning-by-doing. The author, often addressing the reader as “you,” as if in the training workshops she has frequently pro­vided, explicitly aims at writing for those with few degrees of separation from CED practice: “policy makers, practitioners in economic and community development, teachers, students [including under­graduates, I would specify], financers and funders…” (p. viii). . . .

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Author Biography

David L. Kay, Cornell University

Senior Extension Associate, Department of Global Development, College of Agriculture and Life Sciences; Fellow, Atkinson Center for Sustainability; Affiliate, Program on Infrastructure Policy

Cover of "Wealth Creation: A New Framework for Rural Economic and Community Development"
Published
2021-03-25
How to Cite
Kay, D. (2021). Thinking better about rural wealth creation and retention. Journal of Agriculture, Food Systems, and Community Development, 10(2), 595–598. https://doi.org/10.5304/jafscd.2021.102.046