Diversification of rural economies and changes in financial markets and world trade have broken down many barriers that insulated rural areas in the past. United States rural areas--the rural South and Northeast in particular--now appear to be affected slightly more than urban areas by national monetary and fiscal policies. (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)