CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

From national to local economic development: theoretical issues

Based upon a brief and selective survey of the literature on local economic development (led), this paper analyses four theoretical aspects that distinguish “local” economic development theories from their “national” counterparts. These are: location factors, local public goods, active participation by a variety of private agents, and the multidisciplinary approach of led theories. This analysis could be used to design an academic discipline of led, which seldom exists in developing countries, and shed light on the objectives and roles of agents involved in ongoing decentralization and led processes in those countries.

English Spanish

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