Theoretical Aspects of Local Economic Development

Economic Development at the community level is where the rubber hits the road for many workers in Economic Development. Wiewel, Teitz and Giloth ( ), writing in that context claim there really is no theory at the community level to give activity coherence. They suggest that to do so, such a theory would have to address 5 issues:

  1. Levels of local economic activity and any links to the outside economy.
  2. Details of sociopolitical reality unique to that community.
  3. Prescriptions for practical action needed.
  4. Detailed statement of end point or objective of the process.
  5. Acurate description of the context of action.

They add that practice needs:

Perhaps such a theory should also:

Theoretical Topics in Local Economic Development