AQUA BOOK 2016 - Page 24

QUALITY OF LIFE NEW ECONOMIC PARADIGM The New Economic Paradigm will come with higher living standards as a result of higher incomes for the skilled workforce involved in the new manufacturing industries. The ultimate goals of regional economic development are high quality of life and the well-being of its residents. To this end, we will take a close look at different indicators of the quality of life in South Texas today relative to the rest of the nation. The findings, as detailed in the next section, will hopefully help us identify the region’s long-run advantages as well as challenges ahead of the arrival of the New Economic Paradigm. 22 Partnerships with foreign stakeholders will expand the Port’s growth potential. . . Annual Review of South Texas Economy