Sustainable Local Economic Development Course

Overview

Introduction

The focus of this course is on creating and managing multi-stakeholder processes that take place in the local and regional urban economy. Regions and localities are faced with two major trends in opposite directions: internationalization and decentralization. Internationalization exacerbates the interactions between the global and the local levels but operates selectively.

It includes only those actors that participate in networks in which competitiveness drives constant transformations and restructuring. Decentralization is a means to cope with complexity and a reaction to growing demands for greater responsiveness and sustainability by citizens, clients, and consumers. The two trends have changed the ways in which the multiple stakeholders relate to each other in the local and regional economy.

Competition and cooperation are blended in the links between firms, between firms and state and non-state actors. The central concern for the governance of sustainable local economic development is to create synergies between the policies and interventions of business, state, and non-state or civic actors. These come together around specific opportunities for local economic development for small and medium-sized enterprises.

Who Should Attend

The course is meant for government officials (municipal, provincial or national), representatives of private sector organizations and employees of NGOs that are dealing or will deal with SME development and/or Local Economic Development Policies

No of Days

5 days

Course Objectives

• Challenge of creating synergies between policies and their stakeholders
• Learn how can we get our local economy to grow in an inclusive way
• Role of Entrepreneurs and small businesses as the backbone of local economy
• How do entrepreneurship and innovation affect local economy?
• Locality Development

Content Outline

Introduction

In this module, the concept of Local Economic Development (LED) is introduced and its main theories are discussed. Focus on theories of systemic and territorial competitiveness; the role of institutions in economic development; Multi-stakeholder economic development: business system and embedding of geographical production networks.

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What you will learn

Learning Objectives

• Challenge of creating synergies between policies and their stakeholders
• Learn how can we get our local economy to grow in an inclusive way
• Role of Entrepreneurs and small businesses as the backbone of local economy
• How do entrepreneurship and innovation affect local economy?
• Locality Development