LOCAL ECONOMIC DEVELOPMENT SUMMARY
“Established partnership, maximum development of human resources and optimal utilisation of local resources to maximize the benefit to the community”
The Local Economic Development (LED) is derived from a number of developmental-oriented policy directives and mandates of the government of Republic of South Africa (RSA) aimed at ensuring integrated sustainable economic growth and development. The government’s Green Paper on Local Economic Development (LED) defines the LED as a process empowering the people themselves and facilitating their individual and collective development at the local level.
Ngqushwa Local Municipality LED is aimed at ensuring integrated sustainable economic growth and development; a process designed to stimulate the economy of a community, town, city or municipality with the view to improving the quality of life for all. Making use of maps for the strategic and tactical approaches of the Ngqushwa Local Municipality will stimulate sustainable economic growth and pushing back the frontiers of poverty. The municipality will be guided by its Integrated Development Plan (IDP) to achieve its goal.
Ngqushwa Local Municipality will explore the crucial dynamics of the following Six Factors that have are identified as important for a successful LED, namely: Economic Clustering, Cultural Turn, Institution Building, Non-local relationships to local development, Appropriate scale of ‘local’ intervention and Social Inclusiveness
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