How did Federal Express decide to locate at the Memphis Airport? Why is China also losing manufacturing jobs? Do artists really help turn around a struggling neighborhood? What should you do with a declining auto mall - save it or let it die and start over again? What's better - subsidizing an business or subsidizing the infrastructure such a business requires? Romancing the Smokestack is a collection of economic development columns from Governing magazine that covers deals with these questions - and reveals the good, the bad, and the ugly about how economic development is practiced in the United States.