Partnerships in Local Economic Development. 5 th National Annual Local Government Conference 11-12 August 2008 Presented by Gerry Delany [email protected] How important is LED?. What do South Africans worry about most? Poverty, crime, unemployment 13,2 million have work
Partnerships in Local Economic Development
5th National AnnualLocal Government Conference
11-12 August 2008
What does that look like?
Need to advance on many fronts
No legal frameworks
Manufacturing & sector interventions
Little economic info
Public sector only
No inst mechanisms
Third Wave LED
Biz environ, target potential
Enabling legal frameworks
Agric, manufacturing & service -> clusters
Evidenced based stratplans
Supportive inst mechanisms
Which gets the most attention?
Sources of new jobs
Retain and expand
Which should get most attention?
Needs three legs…
and a firm foundation
A firmfoundation by investing in:
Pinetown BR&E Task Team
South Durban Basin action teams
Multilateral Investment Guarantee Agency (MIGA)
Development ultimately is not a matter of GNP or money or physical capital or foreign exchange,
but of the capacity of a society to tap the root of popular creativity,
to free up and empower people to exercise their intelligence and their individual and collective efforts to achieve a better life.
Professor Emeritus, McGill University