They currently contain some 25% of the total population of the eu, or around 92 million people. Local economic development strategies led strategies coursera. The following table summarizes the strategies outlined in this report that can play a key role in creating profitable real estate development, productive economic development, and economically resilient communities. Local economic development strategy draft december 2018. A local government may, for instance, want its economic development advisory board to focus on rebuilding jobs in a particular sector while the economic development advisory board members themselves are interested in expanding alternative strategies. Pdf local level economic development has eluded ghana since independence. Francois yatta this document was prepared as a background document for the seminar for dialogue and capacity building of local and regional authorities in africa in the development and local governance fields. The central debate was about whether led initiatives should take a competitive or social welfare approach. Making local economic development strategies a trainer s manual.
Local economic development led resources for practitioners introduction to led 1. Local economic development refers to the processes by which local governments, businesses, and civil society groups get together to raise income sustainably and improve their lives in a welldefined area. The purpose of this article was to examine the implementation of cooperatives as strategies of local economic development in selected communities of the city of tshwane in gauteng province of south africa. Local economic development training module 5 purpose and context the purpose of local economic development led is to build up the economic capacity of a local area to improve its economic future and the quality of life for all. It overviews the evolution of led and highlights the strategic. This brief focuses on local development strategies integrated, participatory. Led quick reference guide from the world bank is an easy to read 16 page concise introduction for those new to the concept and implementation of led. National government makes policy and provides funds, research and other support for local economic development. Seven strategies for creating successful economic development.
While most economic development strategies involve some effort to recruit major employers, such as manufacturers or large retailers, many successful small towns and cities complement recruitment by emphasizing their existing assets and distinctive resources. The quick guide contains summarised information and resources prepared for busy executives or those not intimately involved with planning for local economic development. The nigerian local content development policy local content policy in nigeria started in 1971 through the establishment of the national oil company noc to promote the indigenisation policy in the oil and gas sector. The led is a component of the municipalitys overall strategic plan as outlined in the integrated development planning process. The same can be said about strategies for neighborhood development. The study gleaned that the metropolitan, municipal and district assemblies implemented similar local economic development strategies which could be categorized into contemporary local economic.
Development led series which focuses on promoting local economic development through strategic planning. The local economic development and planning is guided by various legislations in relations to their implications on the functioning of local municipality. Strategic planning for economic and local development. Group on improving the quality of local development strategies from the previous programming period.
This series on local economic development, developed by unhabitat, in partnership with ecoplan international, is built around these principles. This in turn demands a strategic approach to led that implies. Noc became nigerian national petroleum corporation nnpc in 1977. Within local development strategies are specific methodologies for local economic development led. The economic development strategy includes a comprehensive analysis of the existing demographic and economic conditions within the community and strategies to encourage private investment. Municipalities decide on led strategies and the process of arriving at a led strategy must be part of the integrated development planning idp process. The industrial development strategies of the 1960s and 1970s are giving way to local initiatives. Typically, the leadership structure for a sustainable economic development. Local economic development in subsaharan africa request pdf. A municipality must structure and manage its administration, and budgeting and. An led strategy need to include at least the creation of jobs by attracting new business, achieve local economic stability and result in a diverse economy. It has been updated to reflect specific provisions of the 20142020 regulation. Sustainable economic development strategies are guided by a local regional leadership structure and a consultation team collaborating in partnership through a series of five distinct phases of work.
Typically, the leadership structure for a sustainable economic development strategy includes three elements. Integrated approaches to sustainable development planning and. Local economic development led is an approach to economic development, of note in the developing world that, as its name implies, places importance on activities in and by cities, districts and regions. This involves added microeconomic measures at the local level to complement macroeconomic measures at the national level. The local municipality has identified the led strategy as a key component in implementing its economic objectives within the integrated development plan, therefore carrying one of its mandates of coordination and facilitating sustainable development and attracting economic investment. Local economic development is one of the key performance areas of municipalities. The mooc started by defining local economic development as local actors using local resources to enhance wellbeing in a territory. Chapter ii strategies for development and transformation process tracks of implementation of agenda 21 and its consequences as the period for the millennium development goals expires in 2015, the. Led is globally, but especially in developing countries, seen as. The implementation of local economic development policy.
Coherent, logical, realistic and time bound local objectives and strategic actions are clearly set out in the action plan section of the lds with a clearly defined. Local economic development, challenges, solutions, strategies, northern free state. A trainers manual is not intended to be prescriptive, but rather, aims to offer an example of how to facilitate strategic planning for local economic development as an integral part of municipal government. The focus is on local development problems and methods and objective 1 regions of the eu. Led is a strategy to fight the plight of the poor and unemployment directly, but also has other indirect benefits for human development at a local level. Best practice for local content development strategy. Welcome to this mooc on local economic development led. Local economic development led, challenges and solutions. Local economic development led should be everybodys business, including local residents, local business people and government. Although many local development initiatives were only introduced for the first time during the course of the 1990s, a large stock of experience has already been built up at the local level. A key part of this effort was a pilot program, called the cities of change program, an initiative that sought to foster policy and administration reform in the areas of local economic development and environmental management. Making local economic development strategies a trainer s. Pdf defining the objectives of local development strategies.
Introduction the year 1994 marked the end of political apartheid in south africa when the first black president. Whilst there are many tools and best practices in the field of local economic development, mainstreaming these into the local government institutional structureand development agenda remains a key. Chapter ii strategies for development and transformation. A trainers manual has been prepared as an output of the cities of change initiative that supports policy and administration reform in local governments in central and eastern europe. Alleviating poverty through local economic development lessons from nusa tenggara i foreword to stimulate an increase in peoples incomes, synergy between government and the private sector is essential, so that implementation of programmes matches local characteristics, conditions and potentials and responds to local problems. Local economic development strategies may emphasize innovation in processes. Gender mainstreaming in local economic development strategies. Pdf local economic development led, challenges and. One of the major goals of community development is to strengthen the capacity of individuals to learn all the time, and to remain flexible and adaptable. Pdf local economic development strategies and challenges. As a state or local government official, you are faced with numerous policy optionsand the economic development strategies that you choose to pursue will have profound implications on the future of your community. While economic development strategies are aimed at increasing jobs, income, and community wealth, the issue of who gains and who loses from economic change is often overlooked. Unctad, regional workshop and project launching on ameliorating the structural effects of mineral resources in the economic community of central african countries ndjamena, chad, 2530 november, 2015, best practice for local content development strategy.
Community development strategies in order to increase the local capacity for independent community action, and to discourage dependence on government, people need some basic skills and knowledge. Sustainable livelihood, small and medium enterprises, local economic development, unemployment. Local economic development led resources for practitioners. The historical background of local economic development, the importance of local economic development, role players, strategies and their implementation in south. Action strategies for community development in politics one hears where you stand, depends on where you sit. Alleviating poverty through local economic development. This requires firmly placing led within the broader framework of local sustainable development. The implementation of local economic development initiatives. Implementation, constraints and prospects platforma 2015 clgf 2015 author. Tourism has received much attention recently as a viable avenue to boost local economies and stimulate growth and development in subsaharan africa with tourism strategies being adopted by many. Promoting local economic development through strategic planning. Mar 14, 2017 economic development programs can invigorate and sustain local economies. These are less developed regions, where gross domestic product gdp per head is generally less than 75% of the european average. The role of local economic development in developing small.
South and southeast asia conference on local economic development. How small towns and cities can use local assets to rebuild. Gomez, poses the dilemma between development from below and development from above and covers some alternatives of led strategies. The main objective of this research paper is to understand the approaches and strategies that are necessary to bring about development of rural communities. Promoting local economic development through strategic. Local development strategies within leaderclld as a community led local development clld initiative, leader is an integrated development. The goals and values of economic development strategies vary according to the individual communities that employ them.
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