Conceptual issues of sustainable local economic development: International experience
2024
Abuselidze, George | Zoidze, Gia
Good examples of the world’s experience show that strategic planning of local economic development is more likely to achieve sustainable development and inclusive growth on the ground, which implies that development processes should be guided by a local economic development strategy based on participation and cooperation. It creates a framework policy for local development and relies on assessments and forecasts developed in accordance with the research and analysis of the situation of the place, which further reduces the risks of failure. The purpose of the research is to determine effective ways of local economic development. Achieving the set goal requires solving the following tasks: study and analysis of existing concepts of sustainable economic development. Based on this, the research has studied the experience of different countries on the support of local sustainable economic development. The subject of the research is local economic development as a priority strategy for sustainable development. The research is based on methodologies, papers and reports developed by international organizations and international scientists and experts in the field of development. Based on the conducted research, effective ways of forming and implementing economic policies promoting local sustainable economic development in developed countries have been identified, and basic recommendations have been developed.
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Издатель Latvia University of Life Sciences and Technologies