Fentress County Tennessee The specifics of economic situation in Fentress County, Tennessee, cannot be considered as truly unique, or as such that requires an application of specially designed economic strategy, in order to rivatilize county’s economy. The most important problems that this county faces cannot be solved on the local level, as they are just a part of process of Globalization. Nevertheless, there are still a few things that local officials can to do to boost the local economy. Let us analyse county’s economic situation in its relation to the economical trends within U.S. This will enable us to come up with local solutions that would be based on theoretical ground, thus increasing their practical value. Manufacturing According to 2000 census, manufacturing provided 24% of employment in the county, while in 1995 this number was 35%.
There is clear tendency that indicatesunindustrialization of county’s economy. This can be explained by the fact that manufacturing companies strive to move their production lines to the Third World countries, in order to attain bigger profits. Such trend is not specific to the economy of Fentress county alone, but is part of a bigger picture. In my opinion, in order to encourage manufactures to provide employment to the people of Fentress county, they need to be allowed to pay a lower a minimum wage to an unskilled workers. This will create an influx of workforce from the neighbouring counties, consisting primarily of new immigrants. Of course, such decisions can only be made on Federal level, yet if local officials manage to come up with convincing evidence that such measure is absolutely necessary for the revitalization of county’s economy, their initiative might be allowed to proceed along. It is absolutely necessary that the manufacturing portion in county’s economy stays intact, as it guarantees a steady flow of money into county’s budget, which has nothing to do with Federal subsidising. Also, I would recommend the Major of Jamestown to liberalise a countless environmental requirements that companies must follow in Fentress county, under the threat of severe punishment.
The Essay on Reconstituting Local Manufacturing
Is it possible to reconstitute local manufacturing and local food markets, or has Globalization ultimately made this impossible? The global economy and marketplace have impacted local industry and local manufacturing harshly. With consumers having choices from international companies able to import their products, a common market pool for the whole world, it has become more difficult for the local ...
Such measure will also attract more investments in county’s industry. Agriculture The situation with agriculture in Fentress county is absolutely intolerable. According to 2000 census, there were only 337 people working in this field. The agricultural activities account for 8%. Yet, the percent of agricultural workers is only 0.5% of county’s total. We could think of such ratio as the sign of high agricultural effectiveness, if we did not know that it is the sales of spruce trees alone that make such situation possible.
Even as recent back as sixties, the Fentress county used to be known for its highly developed agriculture, especially in the field of chicken farming. Now there are only 2 big farms remaining in the vicinity of Jamestown, even though there used to be 15 of them before 1975. I would recommend that the county’s government takes a more active stance on encouraging young people to choose to become a farmers. As practice shows, it is best accomplished with providing a scholarships to the high school graduates, if they decide to contribute to the development of local agriculture. County’s economy can only be considered as healthy, if its manufacturing and agricultural sectors are properly balanced. The normal is situation when agriculture corresponds to manufacturing in proportion 1 to 3.
Social dynamics In my opinion, there is disproportionately large number of federal employees in the county. It is especially striking when we remember that Jamestown had never been considered as big administrative center. About 20% of county’s workforce is on the payroll of the government, thus not contributing to the county’s economic development. The health care workers are the exception, but even their number is too over expanded, due to Federal government’s various rules and regulations. Also, according to 2000 census, 46% of county’s college graduates specialize in computer technology and management. Yet, the county’s economy does not require so many specialists in these fields, therefore it is only a matter of time before they will move to another place, while looking for job. Even now.
The Term Paper on Commercialization of Agriculture
Introduction The British rule had pronounced and profound economic impact on India. The various economic policies followed by the British led to the rapid transformation of India’s economy into a colonial economy whose nature and structure were determined by needs of the British economy. One important aspect of British economic policy was commercialization of agriculture. Commercialization ...
there is a strong demand for specialists, whose professional skills actually matter, such as engineers and heavy machinery operators. One of the reasons that the percentage of manufacturing in the county continually decreases is the shortage of qualified workers in these fields. Therefore, I would suggest that the Major of Jamestown applies a pressure on County’s Board of Education, so that Jamestown college would offer less courses on management and more courses on operating heavy machinery and carpentry. Tourism The Fentress county is known for its numerous historic landmarks, as well as for its spectacular scenery. These are all the necessary ingredients to guarantee the steady flow of tourists to the area, which would bring an additional cash to county’s economy. In order to accomplish this, county’s government needs to invest into popularising the Fentress county as tourist destination. Some areas in the county have native status.
It is a shame that, up to this day, the county’s officials had not made a deal with native Americans to built a casinos on their territories, which would be spared from paying federal and state’s taxes. As practice shows, it is the casinos that attract people more than observing historical landmarks. Conclusion It appears doubtful that the members of Fentress county Chamber of Commerce can do much to revitalize county’s economy. This is because the majority of recommendations of how to improve such economy, have a political nature. But if they exercise a lot of pressure onto politicians, so that they support a proposed measures, it can be accomplished.
Bibliography:
Fentress County, TN (2000).
City-data.com. Dec. 7, 2005. http://www.city-data.com/county/Fentress_County-TN .html Fentress County, Tennessee (2005).
The Term Paper on Portrait Of The Death Of An Economy
My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, ...
Wikipedia. Dec. 7, 2005. http://en.wikipedia.org/wiki/Fentress_County,_Tenn essee.
