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Local Economic Development in the Changing World

Local Economic Development in the Changing World
Author: Christian Rogerson
Publisher: Routledge
Total Pages: 590
Release: 2018-01-16
Genre: Business & Economics
ISBN: 1351322583

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Over the last two decades the concept and practice of Local Economic Development (LED) has gained widespread acceptance around the world as a locally-based response to the challenges posed by globalization, devolution, local-level opportunities, and economic crises. Support for local economic development is now firmly on the agenda of many national governments and key international agencies. This volume examines the debates about Local Economic Development and examines some of the unfolding experiences of LED in the developing world. The focus is upon the region of southern Africa, and more especially upon post-apartheid South Africa. LED emerged in South Africa as one of the more significant post-apartheid development options being pursued by empowered localities with the overt encouragement of national government. Elsewhere in the developing world, much interest surrounds the experience of LED in post-apartheid South Africa, which is seen as a laboratory for experimentation, innovation, and learning. The seventeen chapters in this book examine the range of LED interventions that have been the basis for experimentation in the last decade, including both pro-market as well as pro-poor interventions. Key themes include debates about the most appropriate policy directions for LED, its contribution towards sustainable development, the role of social capital, cluster support, public procurement, eco-development, good governance and tourism-led LED. The book also contains a series of detailed case studies on the implementation of LED in South Africa and the wider region of southern Africa, including analyses of LED undertaken at a variety of scales from the provincial, metropolitan, and small-town level. Until now, most research on local economic development has focused on the developed world. This volume breaks new ground in applying LED policy and practices to problems specific to the developing world. It will be of interest to scholars of development studies, urban and regional planning, human geography, and urban studies.


Contextualizing Local Economic Development for Developing Countries

Contextualizing Local Economic Development for Developing Countries
Author: Lubna Hasan
Publisher:
Total Pages: 0
Release: 2009
Genre:
ISBN:

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This paper explores the prospects of success of 'Local Economic Development' (LED) for the less developed countries. The concept had much success in the context of the developed world. The less developed countries, however, present a scenario where power and social structures present a challenging task for LED to be effective.


Beating the Odds

Beating the Odds
Author: Justin Yifu Lin
Publisher: Princeton University Press
Total Pages: 404
Release: 2017-05-15
Genre: Business & Economics
ISBN: 1400884683

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How poor countries can ignite economic growth without waiting for global action or the creation of ideal local conditions Contrary to conventional wisdom, countries that ignite a process of rapid economic growth almost always do so while lacking what experts say are the essential preconditions for development, such as good infrastructure and institutions. In Beating the Odds, two of the world's leading development economists begin with this paradox to explain what is wrong with mainstream development thinking—and to offer a practical blueprint for moving poor countries out of the low-income trap regardless of their circumstances. Justin Yifu Lin, the former chief economist of the World Bank, and Célestin Monga, the chief economist of the African Development Bank, propose a development strategy that encourages poor countries to leap directly into the global economy by building industrial parks and export-processing zones linked to global markets. Countries can leverage these zones to attract light manufacturing from more advanced economies, as East Asian countries did in the 1960s and China did in the 1980s. By attracting foreign investment and firms, poor countries can improve their trade logistics, increase the knowledge and skills of local entrepreneurs, gain the confidence of international buyers, and gradually make local firms competitive. This strategy is already being used with great success in Vietnam, Cambodia, Bangladesh, Mauritius, Ethiopia, Rwanda, and other countries. And the strategy need not be limited to traditional manufacturing but can also include agriculture, the service sector, and other activities. Beating the Odds shows how poor countries can ignite growth without waiting for global action or the creation of ideal local conditions.


Local and Regional Development

Local and Regional Development
Author: Andy Pike
Publisher: Routledge
Total Pages: 472
Release: 2006-11-22
Genre: Science
ISBN: 1134248539

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Local and regional development is an increasingly global issue. For localities and regions, the challenge of enhancing prosperity, improving wellbeing and increasing living standards has become acute for localities and regions formerly considered discrete parts of the ‘developed’ and ‘developing’ worlds. Amid concern over the definitions and sustainability of ‘development’, a spectre has emerged of deepened unevenness and sharpened inequalities in the development prospects for particular social groups and territories. Local and Regional Development engages and addresses the key questions: what are the principles and values that shape definitions and strategies of local and regional development? What are the conceptual and theoretical frameworks capable of understanding and interpreting local and regional development? What are the main policy interventions and instruments? How do localities and regions attempt to effect development in practice? What kinds of local and regional development should we be pursuing? This book addresses the fundamental issues of ‘what kind of local and regional development and for whom?’, frameworks of understanding, and instruments and policies. It outlines what a holistic, progressive and sustainable local and regional development might constitute before reflecting on its limits and political renewal. With the growing international importance of local and regional development, this book is an essential student purchase, illustrated throughout with maps, figures and case studies from Asia, Europe, and Central and North America.


Developing locally

Developing locally
Author: Beer, Andrew
Publisher: Policy Press
Total Pages: 208
Release: 2003-11-26
Genre: Political Science
ISBN: 184742581X

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Throughout the developed world governments have invested substantial sums in local and regional economic development. Many have spent heavily on local development agencies and strategies to bolster competitiveness within world markets. What has been the impact of these actions? How effective are the strategies and processes employed by development agencies? How well funded are development efforts in one nation compared to another, and how are their objectives defined? This book addresses these questions. It: · explores the impact and functioning of economic development agencies; · makes a unique contribution to the emerging literature on economic development agencies by reporting on the results of a cross-national survey of economic development practitioners; · compares the 'institutional architectures' of economic development in Australia, England, the United States and Northern Ireland; · analyses how these institutional arrangements affect individual agencies and their regions. This book is intended for a wide audience including economic development practitioners, local government officers, officials within national or state governments and academics. It provides the reader with a greater appreciation of how local and regional economic development systems operate in different economies and aids understanding of what makes the economic development system in each nation unique. It challenges ideas about the uniformity of economic development efforts and encourages practitioners and policy makers to experiment with and explore strategies used elsewhere.


Economic Development at the Community Level

Economic Development at the Community Level
Author: Mark M. Miller
Publisher: Routledge
Total Pages: 298
Release: 2020-11-22
Genre: Business & Economics
ISBN: 0429523807

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How do we create more economic opportunities in the low-income communities of the developing world? How can these communities build greater resilience against economic uncertainties, natural disasters, wars, and the growing threats of climate change? This book reviews the research literature of economic development in low-income communities of the developing world—from rural villages to neighborhoods in the largest cities on earth. This book is unique in gathering, organizing, and synthesizing research on economic development at the community level, across the developing world, drawing from multiple disciplines, publications, methodologies, regions, and countries. Part I provides an overview and context of the many challenges facing the developing world today, as well as the often-heated debates over what "development" is and how to make it happen. Part II reviews the extensive research literature in major fields of community economic development including education and human capital, overcoming the "curse of natural resources," entrepreneurship and micro-finance, tourism, and sustainability. The audience includes undergraduate students interested in development and sustainability, graduate students and other young researchers in a wide range of disciplines who are finding their own focuses, and established researchers who wish to expand their agendas. An expanded bibliography accompanies the book as a downloadable supplement.


Economic Planning and Social Justice in Developing Countries

Economic Planning and Social Justice in Developing Countries
Author: Ozay Mehmet
Publisher: Routledge
Total Pages: 237
Release: 2014-05-12
Genre: Business & Economics
ISBN: 1315817268

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First published in 1978, this book was written at a time when belief was high in Western-guided economic development of the emerging countries. The success of Marshall Plan in war-torn Europe generated a US-led optimism that, with generous inflows of aid and technical assistance, the Third World could be won over in the Cold War. The author’s direct experience as a young academic economist in Cyprus, Malaysia, Uganda and Liberia led him to question this general optimism: the reality on the ground in the developing world did not seem to match Western optimism. Theories and blueprints, made in the West, did not fit the requirements of developing countries. Higher production and better income distribution were inseparable twin objectives of developing nations. That meant, production of a higher national output must at the same time promote social justice. Investment must create adequate jobs so that new entrants into rapidly expanding labor force could be gainfully employed. Yet, the dominant (Western) theories of development at the time, in particular the Trickle Down Theory of Growth, prescribed "Growth First, Distribution Later" strategy. Similarly, Import Substitution Industrialization theories were emphasized at the expense of export-led growth. Dualistic Growth theories preached urban-biased, anti-rural development. This book was written as a rebuttal of such faulty theorizing and misguided professional technical assistance and the book’s message is no less valid today than in the 1970’s.


Local Economic Development in the Developing World

Local Economic Development in the Developing World
Author: E. L. Nel
Publisher: Transaction Pub
Total Pages: 358
Release: 2005
Genre: Business & Economics
ISBN: 9780765802491

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Over the last two decades the concept and practice of Local Economic Development (LED) has gained widespread acceptance around the world as a locally-based response to the challenges posed by globalization, devolution, local-level opportunities, and economic crises. Support for local economic development is now firmly on the agenda of many national governments and key international agencies. This volume examines the debates about Local Economic Development and examines some of the unfolding experiences of LED in the developing world. The focus is upon the region of southern Africa, and more especially upon post-apartheid South Africa. LED emerged in South Africa as one of the more significant post-apartheid development options being pursued by empowered localities with the overt encouragement of national government. Elsewhere in the developing world, much interest surrounds the experience of LED in post-apartheid South Africa, which is seen as a laboratory for experimentation, innovation, and learning. The seventeen chapters in this book examine the range of LED interventions that have been the basis for experimentation in the last decade, including both pro-market as well as pro-poor interventions. Key themes include debates about the most appropriate policy directions for LED, its contribution towards sustainable development, the role of social capital, cluster support, public procurement, eco-development, good governance and tourism-led LED. The book also contains a series of detailed case studies on the implementation of LED in South Africa and the wider region of southern Africa, including analyses of LED undertaken at a variety of scales from the provincial, metropolitan, and small-town level. Until now, most research on local economic development has focused on the developed world. This volume breaks new ground in applying LED policy and practices to problems specific to the developing world. It will be of interest to scholars of development studies, urban and regional planning, human geography, and urban studies. "This compelling and comprehensive book provides a look at the innovative (including pro-poor) local economic development strategies being used in South Africa. The contributors [to Local Economic Development in the Changing World: The Experience of Southern Africa] are among the very best scholars in the field." -Gary Gaile, University of Colorado "Etienne Nel and Christian Rogerson have produced an excellent book on local economic development in South Africa. The chapters in this timely volume contain many valuable lessons for both the developing and the developed world. Of particular importance is the policy focus of Nel and Rogerson on investing in and empowering low-income workers, entrepreneurs, families, and neighborhoods. Because of the special emphasis on inclusive economic development strategies, this book is a very useful guide to what the Prague Institute calls "Treating People and Communities as Assets." -Dr. Marc A. Weiss, Chairman and CEO, Prague Institute for Global Urban Development Etienne Nel is associate professor in the Department of Geography of Rhodes University, Grahamstown, South Africa. Christian M. Rogerson is professor of human geography, School of Geography, Archaeology, and Environmental Studies, University of Witwatersrand, Johannesburg.


Beyond Experiments in Development Economics

Beyond Experiments in Development Economics
Author: J. Edward Taylor
Publisher: Oxford University Press, USA
Total Pages: 337
Release: 2014
Genre: Business & Economics
ISBN: 0198707886

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Provides readers with a methodology to evaluate the impacts of a wide diversity of development projects and policies on local economies, together with a diversity of applications of these tools-from poverty programs to global price shocks, irrigation projects, eco-tourism, migration, production subsidies, and government corruption.