What is the process to develop an economic policy that provides services and sustainability?

When I think process, I think of a series of steps or an outline to be followed.  That would create the process in developing an economic policy. Now in order to be positive that it provides services and sustainability, this process would need to be elaborated on and almost use a scientific method to test strong and weak areas.  From researching this week, it seemed that explain that process in a step by step development would be a good way of answering the critical question this week.

First, look at history.  What steps were used or thought of before that either helped or created more problems.  This would show what services and sustainability was used before and help relate to the current time. Next, with the current state as it is, what is there to work with in creating some successful strategy?  The current services could be working, but if some weren’t, what is there now that serves as a type of collateral.  Another important step, community involvement, what do the people have to say?  Authority would do well to listen to what followers had to say and actually take action to make sure their voices were heard. In the current policy, what level should be considered?  In other words, this can include matters from a state to national or even international level.  Benefits gained are important to be considered to develop an economic policy as well as taking into account a strategic vision.  What can we make of ourselves and what possibilities lay in the future? Although, it’s equally important to determine from that optimism, are these future ideals realistic? The action plan then comes into play.  From the questions asked and the answers given, leaders can move forward with a plan in providing those services and sustainability.  Once started, they can later review to check the progress of how things are going. 

I found a site that put together ten steps in an economic development progress.  It really helped to clarify meaning to this week’s critical question for me.  

Bibliography

State of Queensland . (2008, July 2). Ten step economic development process. Retrieved 4 16, 2011, from Department of Employment, Economic Development, and Innovation: http://www.regions.qld.gov.au/dsdweb/v4/apps/web/content.cfm?id=8159