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Theory of Coordination Failure
Define: The theory of coordination failure is an economic development theory which describes when the market fails to coordinate complementary activities.
Source: file:///C:/Users/aalbers/Downloads/9789812872470-c2.pdf
Apply: In the case of development activities, activities must be coordinated and timed to occur in a sequence which makes the actions the most productive. This same principle is important outside of economic development activities; for example, planning availability of human capital, weather, communications, and so on when planning an important community event.
Adapt: This theory could also be applied to larger corporate business, in which investments are coordinated based on market movement for the purposes of generating the largest return.
Apply: In the case of development activities, activities must be coordinated and timed to occur in a sequence which makes the actions the most productive. This same principle is important outside of economic development activities; for example, planning availability of human capital, weather, communications, and so on when planning an important community event.
Adapt: This theory could also be applied to larger corporate business, in which investments are coordinated based on market movement for the purposes of generating the largest return.
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