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National Growth and Economic Change in the Upper Midwest (Paperback)
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National Growth and Economic Change in the Upper Midwest (Paperback)
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This volume constitutes the final, general report of the
comprehensive research conducted by the Upper Midwest Economic
Study, a joint undertaking of the Upper Midwest Research and
Development Council and the University of Minnesota. The authors
present a detailed analysis of the economy of the Upper Midwest,
the region coincident with the Ninth Federal Reserve District,
which includes Montana, North Dakota, South Dakota, Minnesota,
twenty-six counties in northwestern Wisconsin, and Michigan's Upper
Peninsula. The present study analyzes the region's past economic
growth, its current structure, and possible future development. The
region's initial economic growth was based upon its natural
resources-land, forest, and minerals. Today productivity growth is
increasing more rapidly than demand in most of these sectors.
Hence, total employment opportunities in resource-based industries
are declining. Future employment growth generally must be based on
the region's advantage in human resources. This is the challenge
for economic growth in the Upper Midwest. The same challenge exists
on a nation-wide basis, but the severity of transition away from
natural resources industries is greater in the Upper Midwest
because of its above-average reliance on such industries. The
authors analyze economic change in the region from 1950 to 1960 and
possible future development through 1975, with projections of
employment, income, population, and migration for 1975. The
projections, based on an assumption of no new action to facilitate
economic growth in the region, serve mainly as a departure point
for the analysis of regional policy and action.
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