The transformation from old economies to new stable systems requires different financial tools to create development. What we know is that the entrepreneurial spirit exists all over the globe.The deal is alive - the players are changing.Economic development finance is concerned with the development of real wealth in towns and communities of large and small countries. It is concerned about all residents who need sustaining jobs and economic prosperity. The Second Edition specifically focuses on the private sector approach to traditionally public sector development. If privatizing economic development becomes the new tool, the private sector will surely work closely with community leaders and public officials to implement economic development.