Local economic development

Employment promotion

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Local economic development (LED) is a participatory process which encourages social dialogue and public-private partnerships in a defined geographical area. LED enables local stakeholders to jointly design and implement a development strategy which fully exploits local resources and capacities, and makes best use of the area’s comparative advantages. The LED Programme in the Cooperative Branch implements technical assistance projects in several regions of the world. This includes the establishment of local economic development agencies, which provide local communities with a variety of support services, including finance. The LED approach has been particularly successful in post-crisis situations.

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  • Start at home: promoting local economic development to stem the global economic crisis
    29 April 2009 - Much policy advice has been given to facilitate global finance, trade and investments to connect with the global economy. But much less to reinforce local communities and local markets where people live and want to stay if given the opportunity. Strengthening local communities in developing countries is also a means to help those who will suffer most from the global economic and jobs crisis. ...
  • In the heart of the sierra: local talent at the service of the global economy
    07 April 2006 - In Peru, a group of female embroiderers has allied itself with the Converse shoe brand to put their ancestral knowledge at the service of a global company. It is a prime example of what the ILO considers the bright face of globalization: creating jobs locally that contribute to international commerce. ILO Online reports from the Ayacucho region in Peru.

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