Title: Private Sector Led Facilitation Services for Local Economic Development
Abstract: The overall objective of LED, in particular in countries with such widespread incidence of poverty, is that LED processes eventually lead to vibrant local economies that will lead to pro-poor growth and ultimately sustainable livelihoods. It is the strong belief of GTZ that local economies can only be stimulated by mobilizing local stakeholders from the public and private sectors and civil society to work together, creatively identify opportunities and constantly strive to improve their competitive advantages. It is, however, also apparent that local communities frequently need some external catalytic input and support to identify and exploit available opportunities and overcome limitations with regard to capacity and competence to engage in LED processes. Instead of setting up costly state-run support systems that are often plagued with the same limitations of bureaucracy as local government itself, sub-contracting this support to experienced LED specialists from the private sector may provide a low-cost, flexible, efficient and effective alternative.
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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