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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
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>
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