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A People-centred Approach to Economic Development (PCED): Brokering Economic Inclusion as a Route Way to Improving Competitiveness

Author

Listed:
  • Mandy Crawford-Lee

    (Learning and Skills Council, Bradford, UK)

  • Phillip Hunter

    (Learning and Skills Council, Bradford, UK)

Abstract

This paper outlines support for adopting a people-centred approach to economic development that has been taken forward in West Yorkshire — an approach that recognises that prosperity in a global economy is driven by ideas, information and knowledge. This is very different to the industrial economy of the past. It presents both a model for an integrated workforce development system and a framework for improving linkages between human capital and economic development. Indeed, it is understood that it is those local areas with a strong, adequately skilled, human capital base that are best placed to utilise knowledge and to transfer this know-how into cutting-edge techniques for the production of goods and services. As such, investment in people's knowledge and skills is a crucial aspect of achieving sustained economic growth in a networked, knowledge-driven, global economy.

Suggested Citation

  • Mandy Crawford-Lee & Phillip Hunter, 2009. "A People-centred Approach to Economic Development (PCED): Brokering Economic Inclusion as a Route Way to Improving Competitiveness," Local Economy, London South Bank University, vol. 24(6-7), pages 473-486, September.
    • Handle: RePEc:sae:loceco:v:24:y:2009:i:6-7:p:473-486
    DOI: 10.1080/02690940903314951
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    References listed on IDEAS

    as
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    2. Lorraine Dearden & Howard Reed & John Van Reenen, 2006. "The Impact of Training on Productivity and Wages: Evidence from British Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(4), pages 397-421, August.
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