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ISBN Number: 9789264060814
Publication Date: May 2010
Number of tables: 30
Number of graphs: 60
The role of development agencies and companies to the Economic Development Company Network
Local economic development can offer significant far-reaching benefits. Unlike conventional local public services which provide a specific service to a well-known population base within a defined geography and a given timeframe, local development functions within wider governmental spheres and markets. Aspects of local development have greater impact beyond the reach of local and regional/provincial governments.
Development processes occur within a wider geographical area than local government, and in some cases encompass a broader scope than provincial or national governments. Thus substantial inter-governmental co-operation and public-private partnership are needed. Consequently, the effects of local development are usually achieved within the same timeframe as business cycles (12-15 years) rather than government electoral cycles (3-4 years).
Given these factors, economic development could best be co-ordinated as a partnership activity between public, private and institutional sectors, with substantial vertical and horizontal collaboration within the public sector. It requires a long-term strategy that includes realistic and measurable short-term goals and outputs addressing both the customer and the investor. It should also be supported by the appropriate organisational vehicles such as development agencies and corporations.
This book identifies how such development agencies and companies work, what they do and what constitutes success and value added. It explores international practices in a variety of locations and contexts, and defines both the success factors and the challenges associated with economic development agencies and companies.
Table of contents
Chapter 1. An introduction to development agencies
Chapter 2. The history and diversity of development agencies
Chapter 3. The value-added of development agencies
Chapter 4. Development agency creation, evolution, performance and review
Chapter 5. The role of the local development system
Chapter 6. The roles, tools and relationships of development agencies
Chapter 7. The operational features of development agencies: governance, operations, resources and accountability
Chapter 8. Learning from international development agency experience
Annex A. Sixteen development agency case studies
How to obtain this publication
Readers can access the full version of Organising Local Economic Development choosing from the following options:
For further information, please contact the OECD LEED Programme.
Local Development Benefits from Staging Global Events
Making Local Strategies Work: Building the Evidence Base
Investment Strategies and Financial Tools for Local Development