Some thoughts on economic development

Underlying all economic development is the standards the people set for themselves in a state or country. The higher the standards the better the state or region will do. One reason why companies are moving overseas besides the low wage rate is they know the quality of work will be high. If the quality of work was not high they could not go overseas. The US ranks 28th in Science and Math and that has become the expected norm in the US but other countries have set their sights higher so do better in Science and Math. It all comes down to what a state or country expects from themselves as to how their standards and ranking will be.
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