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Local Economic Development Strategies

The MOOC started by defining local economic development as local actors using local resources to enhance wellbeing in a territory. This week, with videos by ISS professor G. Gómez, poses the dilemma between development from below and development from above and covers some alternatives of LED strategies. The first video gives you an overview of strategies to support LED and of the governance challenges involved in the interrelationships between actors in markets (businesses), state (governmental agencies) and communities (households and various civil society organisations). The second video presents a case of negotiated inclusion in which a farmers’ association in Nicaragua reorganized an agricultural cluster to integrate in the coffee global value chain. The third video discusses the informal economy and how the concept has lately evolved into our understanding of collective action and the social and solidarity economy. The fourth video presents a special case of the social economy in which governance systems and natural resources form social ecological systems. These have been known lately as the organization of the commons.

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