American Institute of Certified Planners (AICP) Practice Exam

Which dimension is NOT typically included in economic development considerations?

1. Knowledge resources

2. Political stability

3. Development base

4. Location assets

The correct answer is: Political stability

In the context of economic development considerations, the focus is primarily on factors that directly influence the economic growth and prosperity of a region. While political stability can significantly impact economic development, it is typically considered a contextual or external factor rather than a direct dimension of economic development itself. The core dimensions often involve measurable and actionable components that can directly be influenced or developed, such as knowledge resources, development base, and location assets. Knowledge resources pertain to the skills, education, and expertise available within a region, fundamentally contributing to innovation and productivity. The development base usually includes the existing infrastructure, institutions, and industries that form the foundation for future growth. Location assets refer to geographic advantages that can influence economic activities, such as proximity to markets or natural resources. Understanding the distinctions among these dimensions helps clarify how various factors can be leveraged or addressed to promote economic growth, highlighting why political stability, while essential, functions more as a backdrop to economic strategies rather than a direct element of the growth framework.