LOCAL DEVELOPMENT: INNOVATION AND NEW STRATEGIES
Keywords:
Local Development, Innovation, New StrategiesAbstract
This academic article examined “Local Development: Innovation and New Strategies.” The study found that local development was crucial to achieving progress and well-being at the micro level, focusing on strengthening local capacity to enhance the economic future and quality of life for residents. Modern approaches emphasize not only job creation and economic competitiveness, but also the creation of strong communities through social participation, connectivity, and community pride. Currently, local development faces complex challenges, such as demographic change, globalization, and technological advancements, requiring ongoing adaptive strategies. New strategies for local development include building partnerships and networks between government, business, and communities; promoting community participation through diverse channels; applying digital technologies to decision-making, resource management, and communication; integrating sustainability and climate change adaptation concepts; and building local capacity and human capital. These approaches focused on developing local areas capable of addressing complexity and creating a sustainable and inclusive future for all. Policy recommendations to promote sustainable and inclusive local development include building local capacity to improve the economic future and quality of life for residents; and developing innovative local approaches within specific local contexts, including technological, social, policy, and organizational innovations.
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