Nassau County Executive Edward Mangano played down the importance of incentives, focusing on a different aspect of the county's economic development strategy.

WSJ: Long Island Is an Unlikely Jobs Engine

This week the mayor released The Five-Year Economic Development Strategy for the District of Columbia to praise from the business community.

FORBES: MBA Students Help Find Economic Solutions for the Nation's Capital

Russell Mittermeier (RM): We need to continue to demonstrate that biodiversity conservation must be a basic element in any long-term economic development strategy.

FORBES: Conservation International: Stemming the Tide of Environmental Crises, Part Five

Encouraging and supporting new business creation has enjoyed renewed popularity in recent years as an economic development strategy at the local and regional levels.

FORBES: Guest post written by Marc Nager and Claire Topalian

"The aerospace business park will go a long way to helping us achieve the goal set out in our economic development strategy, " said Economic Development and Transport Minister Andrew Davies.

BBC: Land bought for jet repair centre

Contrast this strategy for economic development to approaches employed by many countries in the West.

FORBES: Thoughts on China

On the other side of the debate are China's commerce ministry and some members of its National Development and Reform Commission (NDRC), which formulates long-term economic strategy.

ECONOMIST: The Chinese case for a stronger, more flexible currency