Paper adapted from that prepared for the world bank netherlands partnership program evaluating and disseminating experiences in local economic development led local economic development as an alternative approach to economic development in sub saharan africa 2005 1. Keywords local economic development challenges solutions strategies northern free state 1 introduction suitable economic policies could cure economic problems by stimulating local all economic development to create better human and financial capital flows reich 1991. 1 introduction begin to make order and names arise names lead to more names and to knowing when to stop lao tzu the idea of sustainable development reflects one of the leading aspirations of humankind in the 21st century not unlike the idea of socialism in the early 20th century and the declaration of human rights after world war ii. Introduction to economic development content 1 introduction 1 2 what is economic development 2 21 defining the concept of economic development 2 22 sustainable economic development 2 23 economic growth trends in the western cape 3 24 future prospects for economic growth in the western cape 3 3 why economic development 4 4 key concepts in economic development 6 41 gross domestic product . Contemporary literature on local and regional economic development lred in the united states is predominantly empirical and pragmatic focusing on the conduct and efficacy of economic
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