Questions "supply-push" theory of rural development, which suggests that upgrading workers' skills will guarantee rural development. Data from past two decades show tendency of decreasing growth in job skills and in requirement for quantifiable job skills (e.g., level of education). Upgrading job skills by itself seems unlikely to pay…

Bank failures are at record high levels with about two-thirds of the failed banks in rural areas, especially farm areas. Most failed banks are purchased and reopened immediately with little disruption to rural communities except that new ownership tends toward lending practices that are more conservative than the average. (JHZ)

Business incubators can help fledgling firms get off the ground by providing business services and rental space, at below-market costs, for a business's first few years. The payoff for the community is more jobs. Concentrated until recently in urban areas, incubators are now succeeding in rural areas too. (JHZ)

Problem farm debts may translate into slow growth for rural communities, with local banks unable to offer credit even to credit worthy borrowers. Communities served by branches of large banking organizations are probably better off than communities served only by small independent banks. (Author)

In spite of government transfer programs, 10 percent of the United States population remained in poverty after all transfers were made in 1983. In nonmetro areas the poverty rate was 12.8 percent. Many were working poor (taxes reduced their earnings) who will benefit from recent tax reform that lessens their tax burden. (JHZ)

Farm policy alone is no longer a sufficient development policy for today's rural America. Rural economies have changed over the last 30-40 years from reliance on farming to greater reliance on manufacturing and service industries. Rural economic development policies need to reflect today's changed rural economy. (Author)

Europe and America share a host of similar rural problems but not a common approach to solving them. Social and political differences make it unlikely that we can easily adopt European programs, but observing the similarities can help us understand the global nature of rural development issues. (JHZ)