Local economic development led resources for practitioners introduction to led 1. The local economic development and planning is guided by various legislations in relations to their implications on the functioning of local municipality. This in turn demands a strategic approach to led that implies. 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. 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. Municipalities decide on led strategies and the process of arriving at a led strategy must be part of the integrated development planning idp process. Local economic development is one of the key performance areas of municipalities. 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. The implementation of local economic development policy. 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. 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 led, challenges and. Within local development strategies are specific methodologies for local economic development led.
Sustainable livelihood, small and medium enterprises, local economic development, unemployment. Local economic development, challenges, solutions, strategies, northern free state. 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. Pdf local economic development strategies and challenges. This involves added microeconomic measures at the local level to complement macroeconomic measures at the national level. Best practice for local content development strategy.
Typically, the leadership structure for a sustainable economic development strategy includes three elements. 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. Local economic development strategies led strategies coursera. A municipality must structure and manage its administration, and budgeting and. 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. The study gleaned that the metropolitan, municipal and district assemblies implemented similar local economic development strategies which could be categorized into contemporary local economic.
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. This series on local economic development, developed by unhabitat, in partnership with ecoplan international, is built around these principles. The quick guide contains summarised information and resources prepared for busy executives or those not intimately involved with planning for local economic development. The led is a component of the municipalitys overall strategic plan as outlined in the integrated development planning process. Noc became nigerian national petroleum corporation nnpc in 1977. Local economic development strategies may emphasize innovation in processes. Alleviating poverty through local economic development.
Pdf defining the objectives of a local development strategy is the initial step of a prior assessment process. Introduction the year 1994 marked the end of political apartheid in south africa when the first black president. Development led series which focuses on promoting local economic development through strategic planning. 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. The same can be said about strategies for neighborhood development. This brief focuses on local development strategies integrated, participatory.
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. Introduction suitable economic policies could cure economic problems by stimulating local all economic development to create better human and financial capital flows reich, 1991. 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. 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.
The historical background of local economic development, the importance of local economic development, role players, strategies and their implementation in south. Led is an important mechanism for employment promotion through micro and small enterprise development, support of social dialogue and development planning. They currently contain some 25% of the total population of the eu, or around 92 million people. 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 main objective of this research paper is to understand the approaches and strategies that are necessary to bring about development of rural communities. It has been updated to reflect specific provisions of the 20142020 regulation. The goals and values of local economic development strategies. Local economic development led should be everybodys business, including local residents, local business people and government. The economic development strategy includes a comprehensive analysis of the existing demographic and economic conditions within the community and strategies to encourage private investment. Making local economic development strategies a trainer s manual. The goals and values of economic development strategies vary according to the individual communities that employ them.
Local economic development strategy draft december 2018. The focus is on local development problems and methods and objective 1 regions of the eu. South and southeast asia conference on local economic development. 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. Promoting local economic development through strategic. 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.
Strategic planning for economic and local development. Group on improving the quality of local development strategies from the previous programming period. Gomez, poses the dilemma between development from below and development from above and covers some alternatives of led strategies. Action strategies for community development in politics one hears where you stand, depends on where you sit. 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. Pdf local level economic development has eluded ghana since independence. 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. The central debate was about whether led initiatives should take a competitive or social welfare approach. Seven strategies for creating successful economic development. Local economic development in subsaharan africa request pdf. Local economic development led, challenges and solutions.
Chapter ii strategies for development and transformation. It overviews the evolution of led and highlights the strategic. 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. 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.
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. Local economic development led resources for practitioners. 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. As a municipality, molemole has a constitutional responsibility to promote local economic development. The industrial development strategies of the 1960s and 1970s are giving way to local initiatives. Making local economic development strategies a trainer s. How small towns and cities can use local assets to rebuild. Typically, the leadership structure for a sustainable economic development.
These are less developed regions, where gross domestic product gdp per head is generally less than 75% of the european average. Pdf defining the objectives of local development strategies. 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. Welcome to this mooc on local economic development led. Implementation, constraints and prospects platforma 2015 clgf 2015 author.
Led is globally, but especially in developing countries, seen as. 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. Integrated approaches to sustainable development planning and. This requires firmly placing led within the broader framework of local sustainable development. Volume 1 quick guide, volume 2 manual, volume 3 toolkit and, volume 4 action guide. Mar 14, 2017 economic development programs can invigorate and sustain local economies. The mooc started by defining local economic development as local actors using local resources to enhance wellbeing in a territory. Promoting local economic development through strategic planning. 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. Nmcog provides technical assistance to individual communities to develop an economic development strategy specific to that community. 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. 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. The implementation of local economic development initiatives.
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