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On the emergence and significance of local economic development strategies

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  • Rodríguez-Pose, Andrés
  • Tijmstra, Sylvia

Abstract

This paper examines to what extent local and regional economic development strategies (LED) are becoming a necessary and viable complement to traditional development strategies in a world that has been radically changed by the parallel processes of economic globalization and by the emergence of subnational political actors and changes in territorial governance. Drawing on five Latin American examples from Mexico, Colombia, and Argentina, the paper identifies the key concepts, core values, and principles that inspire this approach to development. It also looks at the key constraining and facilitating factors that contribute to the success or failure of this type of strategies and at the characteristics that contribute to generate an enabling environment for this type of approach. The main conclusion is that local economic development strategies, while no panacea, may be a valid complement to traditional top-down strategies in order to deliver sustainable development and it many cases may deliver greater economic efficiency by mobilizing resources that otherwise may have remained untapped and a large number of social benefits, by promoting voice, participation, and sustainability across territories where institutional conditions have been far from ideal.

Suggested Citation

  • Rodríguez-Pose, Andrés & Tijmstra, Sylvia, 2009. "On the emergence and significance of local economic development strategies," Research Department working papers 200, CAF Development Bank Of Latinamerica.
    • Handle: RePEc:dbl:dblwop:200
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    File URL: https://scioteca.caf.com/handle/123456789/200
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    Citations

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    Cited by:

    1. Lawrence Faith & Rogerson Christian M., 2018. "Local economic development agencies and place-based development: Evidence from South Africa," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 41(41), pages 29-43, September.
    2. Richardson Azunu & James Kwame Mensah, 2019. "Local economic development and poverty reduction in developing societies: The experience of the ILO decent work project in Ghana," Local Economy, London South Bank University, vol. 34(5), pages 405-420, August.
    3. Valentina Morretta, 2021. "Territorial capital in local economic endogenous development," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(1), pages 103-119, February.
    4. Harald Badinger & David Bailey & Lisa de Propris & Peter Huber & Jürgen Janger & Kurt Kratena & Hans Pitlik & Thomas Sauer & Renaud Thillaye & Jeroen C.J.M. van den Bergh, 2016. "New Dynamics for Europe: Reaping the Benefits of Socio-ecological Transition – Part II: Model and Area Chapters. WWWforEurope Deliverable No. 12," WIFO Studies, WIFO, number 58792, January.
    5. Jonas A. Akudugu, 2018. "Institutionalising local economic development practice in Ghana," Local Economy, London South Bank University, vol. 33(4), pages 405-420, June.
    6. Nemo Remesar & Manuel Borja, 2014. "Promoting a place-based approach in the configuration of local development policies in Spain: The Catalan experience," Local Economy, London South Bank University, vol. 29(4-5), pages 469-485, June.
    7. Mari Jose Aranguren & Edurne Magro & James R Wilson, 2017. "Regional competitiveness policy evaluation as a transformative process: From theory to practice," Environment and Planning C, , vol. 35(4), pages 703-720, June.
    8. Faith Lawrence, 2016. "Local economic development agencies – Pushing boundaries and addressing change: The case of South Africa’s Aspire (Amathole District Economic Development Agency) during its maturation phase," Local Economy, London South Bank University, vol. 31(1-2), pages 83-94, February.
    9. Alessia Arcidiacono & Gianpiero Torrisi, 2022. "Decentralisation and Resilience: A Multidimensional Approach," Sustainability, MDPI, vol. 14(16), pages 1-25, August.

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