Commonwealth Local Government Forum

Pacific \ Local economic development

Local economic development is a central part of developmental local government. It is a process which brings together different partners in the local area to work together to harness resources for sustainable economic growth and poverty reduction. Local economic development is increasingly being seen as a key function of local government and a means of ensuring that local and regional authorities can address the priority needs of local citizens in a sustainable way. There is no single model for LED; approaches reflect local needs and circumstances. Themes include local economic development guides, tourism, support to small, medium and micro enterprises, microfinance and credit and public-private partnership.



Institutional Collective Action During COVID-19: Lessons in Local Economic Development

At this point, little is known about local government responses to the economic crisis caused by COVID-19. This crisis is happening on Main Streets around the nation. This article examines how some local governments are taking collective action in partnership with other governments as well as with organizations at the local and regional levels. What is unique is that collective action is rare as it relates to traditional economic development practices, yet it is occurring and leading to offerings of multi-institutional grants and low-interest loans. However, some newer supply- and demand-side actions are the result of a lack of resources and need for expediency. Practitioners can learn about the collaborative economic development actions that governments are taking and how these partnerships can stabilize their local economies.

Author: Darrin H. E. Wilson Brad A. M. Johnson Eric Stokan Michael Overton Publisher: Wiley Online Library Publication year: 2020

Effect of the Moderation of Economic Institution on Local Economic Development

Local economic development is a process in which local governments and community organizations are involved to encourage, stimulate, maintain, business activities to create jobs through increasing human resource capacity to create better products and fostering industry and business activities on a local scale. This study aims to find the appropriate concept approach in overcoming the problem. The Local Economic Independence approach was used in building this model by using 167 coconut farmer respondents, and path analysis was used as a data analysis tool. Research finding showed that 1) together and partially the local economic development variables ; human resource development, capital development, market development, development of economic institutions, simultaneously and partially have a significant effect on Local Economic Development; 2) Direct development of economic institutions has effect on Local Economic Development; 3) development of economic institutions have interactive effect on Local Economic Development of coconut farmer in the Sri Tiga village of Banyuasin district. The results of the study show that partially the variables of human resource development, capital development, market and social development have a significant effect on the development of community economic institutions. It is necessary to pay attention to 5 (five) factors, including: human resource factors, factors of capital, marketing factors, social (cultural) factors, as well as factors of community economic institution development. As for some factors that still have problems developing the business of coconut farmers in managing coconut waste in the village of Sri Tiga, among others, marketing factors, capital factors, and human resource factors.

Author: Yoyok Hendarso, Zulfikri Suleman, Supriyanto Supriyanto, Maulana Ali Publisher: Atlantis Press Publication year: 2019

Economic Growth and Sustainable Development in the Pacific Island Countries

The Pacific island countries (PICs) have benefited from the growth in Asia and the Pacific in the last 2 decades by integrating their economies within Asia and loosening ties with the Americas in some instances. Several bottlenecks however, still hamper sustainable economic growth in the region. For instance, Papua New Guinea (PNG) (with 7.6 million people), Fiji (with 850,000 people), and Solomon Islands (with 611,500 people) together account for about 90% of the population of all 15 PICs while 6 other PICs have populations of less than 20,000), discounting the economies of scale in the PICs as industrialization remains minimal. High transportation and raw material costs also make entrepreneurship difficult to sustain, leaving the islanders to survive at subsistence levels with family, clan, and community ties providing the social safety net. To foster sustainable economic growth therefore, the PICs need to invest in niche markets, upgrade their transport infrastructure, improve access to trade and invest in environmentally sustainable industries.

Author: Juswanto Wawan, Ali Zulfiqar Publisher: ADB Publication year: 2016

LOCAL ECONOMIC DEVELOPMENT IN ASIA Proceeding of the Introduction to Local Economic Development

Author: United Cities and Local Government Asia Pacific Publisher: United Cities and Local Government Asia Pacific Publication year: 2016

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