1970s Deja Vu?

Good question. Business Week is asking it in a recent article that talks about some similarities to that period in our history.

It all seems too familiar. An increasingly unpopular and expensive foreign military conflict, rising energy prices, and the threat of higher inflation. These factors, in Standard & Poor's opinion, may be causing investors to question whether the future investment climate may replicate the bad old days of the '70s. The rest of the article talks about the stock market, but it's an intersting read nevertheless from an economic development standpoint.

The 70's saw an interesting set of dynamics in economic development. For one, the shift to the West and the Southwest gained momentum. Industrial restructuring in manufacturing took root in the Northast and Midwest. And the Japanese began their trek to America to create an offshore production base to garnered a bigger piece of the US market. Hey, I started my career in ED in the mid-1970s.

Read on here.