Local development: Difference between revisions

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Correction of grammar and vocabulary in English, addition of citations and the link of the OECD Centre for Local Development.
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L'''ocal development''' is a relatively young theory in social sciences based inon the identification and use of the resources and endogenous potentialities of a [[community]], neighbourhood, city, municipality or equivalent.<ref>Montoya A. (1998). ¿Desarrollo local o desarrollo Comunitario? ''Realidad'' No. 61, enero-febrero de 1998. ISSN-e: 1991-3516</ref><ref>Alburquerque, F. Metodología para el Desarrollo Económico Local, Dirección de Desarrollo y Gestión Local.</ref>
 
The local development approach considers the endogenous potentialities of territories. Economic and non economic factors influence local development processes. Among the non economic factors, social, cultural, historical, institutional, and geographical aspects can be decisive in the process of local [[economic development]].<ref>ALBUQUERQUE, Francisco, Llorens Juan y Del Castillo Jaime (2002). “Estudio de casos de desarrollo económico local en América Latina”. Banco Interamericano de Desarrollo, Departamento de Desarrollo Sostenible, Washington D.C.</ref>