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Line 5: == Definition == In this perspective, local economic development can be defined as a process of transformation of the local economy and society, oriented to surpass the difficulties and existent challenges. It seeks to improve the conditions of life of local population by means of actions concerted between the different local agents, social, public and private, towards an efficient and ~~sustentable~~sustainable use of the existent endogenous resources.<ref>HELMSING B. (2001). "Partnerships, Meso-institutions and Learning. New local and regional economic development initiatives in Latin America". Institute of Social Studies, The Hague, Netherlands.</ref> In this approach, the importance of social capital and the links of cooperation with external agents to capture human, monetary and technical resources contribute to the local development strategy.<ref>Pike A. (2007). "What Kind of Local and Regional Development and for Whom?" ''Regional Studies'', Vol. 41.9, pp. 1253–1269, December 2007. DOI: 10.1080/00343400701543355</ref> == Examples ==

Local development: Difference between revisions