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Short framing presentation by Jean Pierre Elong Mbassi
 

Short framing presentation by Jean Pierre Elong Mbassi

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Advanced EC seminar on decentralisation and local governance ...

Advanced EC seminar on decentralisation and local governance
European Commission EuropeAid
2-5 July 2012, Brussels
The seminar reviewed the country context and the evolving international development framework and considered how to manage the political dimensions of decentralisation. It also looked at using decentralisation as a trigger to foster better development outcomes and governance and what all this means for future EU engagement in decentralisation and local governance. Jean Bossuyt, ECDPM, was the lead facilitator of this meeting. Alisa Herrero, ECDPM, was also one of the experts facilitating this seminar.

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    Short framing presentation by Jean Pierre Elong Mbassi Short framing presentation by Jean Pierre Elong Mbassi Presentation Transcript

    • Session 3.3. Decentralisation andinclusive/growth local economic development Jean-Pierre Elong Mbassi
    • Why local economic developmentmatters?•  National economy is the result of hundreds and hundredsof local economic decisions by local entrepreneurs - “Allbusiness is local”•  Arab Spring – where did it start?•  Link with sustainable development•  One of the ways to reconcile decentralisation andinclusive growth (Agenda for Change)
    • What is local economic development?•  Local economic development strives to unleash the economic potential of a given territory therefore: •  It focuses on a specific geographical area •  It promotes economic activities that aim at developing the value chain of existing endowment of the territory resulting in job and wealth creation •  Help define comprehensive investments which tackle obstacles facing priority productive sectors and/or value chain
    • So what can be done to support it?•  Four main actions are usually identified: 1.  Build infrastructure to support economic activities locally (roads, water, power) 2.  Support local businesses: ease market failures, facilitate access to credit, promote capital investment, provide information on markets, develop network of businesses to create synergies 3.  Scale the workforce through vocational training, openness to new products and technologies and support services to businesses 4.  Attract investment in the locality through territorial marketing  Local public investment is an asset to private sector development
    • Warning!  Local public investment is an asset to private sector development  Local economic development is sustained by local demand and development of local, national and regional markets which have growth prospects at least 10x higher than the international market  Intervening in support to local economic development requires to shift the focus towards promoting the partnership approach to development (including all stakeholders public and private)
    • Warning!  Local public investment is an asset to private sector development  Local economic development is sustained by local demand and development of local, national and regional markets which have growth prospects at least 10x higher than the international market  Intervening in support to local economic development requires to shift the focus towards promoting the partnership approach to development (including all stakeholders public and private)  To know more: www.ledna.org and www.ledknowledge.org