Economic Development Initiatives and Policy Proposals

Annotated Bibliography
Student’s Name
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Annotated Bibliography
Aparicio, S., Turro, A., & Noguera, M. (2020). Entrepreneurship and intrapreneurship in social, sustainable, and economic development: Opportunities and challenges for future research. Sustainability, 12(21), 8958. 
Aparicio et al. (2020) discuss how intrapreneurship and entrepreneurship contribute to economic and social outcomes. The authors asserted that it is important to take into account institutional antecedents and impacts of entrepreneurship simultaneously. Formal and informal institutions are integral in the formation and growth of entrepreneurship and its diversity, including social, gender, immigrant, intrapreneurship, and green entrepreneurship.
Armstrong, B. (2021). Industrial policy and local economic transformation: evidence from the US Rust Belt. Economic Development Quarterly, 35(3), 181-196. 
Armstrong (2021) evaluated the significance of state-level industrial policies to the economic journey of two metro areas in the US: Cleveland and Pittsburg. In Pittsburg, the empowerment of research universities as leaders of the local economy led to the local economy's transformation. On the other hand, in Cleaveland, the industrial policy led by the business community was unsuccessful. In essence, implementers of industrial policy initiatives can determine its success.
Asher, S., & Novosad, P. (2020). Rural roads and local economic development. American Economic Review, 110(3), 797-823. 
Asher and Novosad (2020) examined how the construction of roads in rural areas can contribute to local economic development. The findings of the study show that the effects of road construction on village economies were smaller compared to those expected by policymakers. While road construction enhanced transportation, the impacts on assets, employment, investment, and consumption were small.
Campbell, L. M., Fairbanks, L., Murray, G., Stoll, J. S., D’Anna, L., & Bingham, J. (2021). From Blue Economy to Blue Communities: reorienting aquaculture expansion for community wellbeing. Marine Policy, 124, 104361. 
In this article, the authors offer a pathway for reorienting aquaculture to benefit the community. Given the high enthusiasm for marine aquaculture, there is a need to shift from Blue Economy to Blue Communities. In this case, Blue Communities draw on the concept of wellbeing to prioritize cultural, environmental, and social factors together with economic development.
Cassidy, C., Heydemann, R., Price, A., Unah, N., & Darity Jr, W. (2019). Baby Bonds: A universal path to ensure the next generation has the capital to thrive.
In this article, Cassidy et al. (2019) examined the potential of the Baby Bonds program in closing the racial wealth gap in America. Market forces and private action are not enough to address the racial wealth inequality that plagues America. Baby Bonds can provide young adults with