Local economic development: Difference between revisions

Revision as of 20:23, 6 April 2019

Revision as of 00:27, 2 October 2019

Line 4:

==Approach==

According to the [[International Labour Organization]] (ILO), national and local governments, as well as enterprises and other organisations have to rethink development strategies to cope with ongoing events such as [[globalization]]. In contrast to traditional development policies, Local Economic Development strategies promote local dialogue and enable people to be more proactive; help to make local institutions better contribute to development; make economic activity dependent on the comparative advantages of a specific territory, generating development by firms more capable to withstand changes in the global economic environment rather than top-down development imposed by national planners.<ref>{{cite web |url=http://learning.itcilo.org/entdev/led/pub/home.aspx?l=Eng&IdSezione=0 |title=Archived copy |accessdate=2009-06-06 |deadurlurl-status=yes dead|archiveurl=https://web.archive.org/web/20070501123347/http://learning.itcilo.org/entdev/LED/pub/home.aspx?l=Eng&IdSezione=0 |archivedate=2007-05-01 |df= }} ILO Website on LED</ref> Economic development activities in developing countries tend to be unidisciplinary, initiated and implemented by just one ministry or agency. An advantage of LED approaches is that they facilitate a multidisciplinary approach. [[South Africa]] has been particularly active in promoting the concept.<ref>http://led.public-hub.com/{{dead link|date=January 2018 |bot=InternetArchiveBot |fix-attempted=yes }} The South African LED Network</ref>

===LED in South Africa: pro-poor vs. pro-growth===