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Rethinking the California Business Climate

Rethinking the California Business Climate

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Описание
During the recession of the early 1990s, thousands of Californians lost their jobs. Seven years after the recession began, employment in the Los Angeles area still had not returned to its pre-recession levels. California's slow recovery prompted many critics to claim that the state had a bad and deteriorating business climate that would continue to cause employers and jobs to move elsewhere. The authors review the common business climate rankings and discuss several critiques of them. They then analyze some of the key factors that affect regional economic growth and examine how these factors vary across metropolitan areas and industries in California. They argue that California is too large and diverse to have a single statewide business climate andthat business climate issues should be analyzed at the industry and regional level instead, where most business decisions are made and policies can be better targeted.