Local-Development Policy: the Challenges for Late-Development Territories
Keywords:
Endogenous development, institutions, innovation, local participationAbstract
Local-development policy is an adequate instrument for fostering the self-sustainable
development of territories, although its results depend on mechanisms to facilitate capitalaccumulation
processes. In order for policies to be effective, it is necessary for the actors involved
to share the same strategy and goals and for local communities to participate in their management
and control. But, in order to achieve this, local-development policies must overcome such significant
challenges as the compatibility of different objectives, interaction between development forces and
institutional change. Thus, development is a process that calls for innovations and initiatives that
are appropriate for each territory.
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Copyright (c) 2015 Antonio Vázquez Barquero, Juan Carlos Rodríguez Cohard
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