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Line 23: ====Public participation==== A participatory approach to LED involves the inclusion of different stakeholders so that their views, concerns and issues can be included in the planning process. This is important because it is here that networks, partnerships and information sharing occur that make better, more practical, strategies possible.<ref>UN.ND ~~Habitat, Eco-Plan~~Ngubane, 2005: "Promoting Local Economic Development through Strategic Planning". Volume 1.</ref> Variables to be considered when conducting this inventory should reflect the components of a functioning economy, such as human and social capital, financial capital, physical capital and natural capital (UN Habitat,10).<ref>UN Habitat, Eco-Plan, 2005: "Promoting Local Economic Development through Strategic Planning". Volume 1.</ref>

Local economic development: Difference between revisions