Global Perspectives on Local Economic Development and Innovation

Globally, socioeconomic challenges are escalating and creating profound consequences for both developed and developing nations. Key among these challenges are poverty, unemployment, and inequality, all of which limit people's access to the resources and opportunities necessary to improve their lives. Rising income inequality further deepens these problems, widening gaps within and between societies. Unemployment also remains a persistent global issue with far-reaching effects on individuals, communities, and national economies. In response to these intersecting challenges, many governments increasingly prioritize Local Economic Development (LED) as a strategic framework for fostering economic growth and reducing poverty, unemployment, and inequality. Global Perspectives on Local Economic Development and Innovation conceptualizes LED in both local and global contexts as a potential strategy to address socioeconomic challenges. It interrogates LED strategies, approaches, and models to determine the policy frameworks underpinning LED globally. Covering topics such as civil society, neoliberalism, and youth unemployment, this book is an excellent resource for researchers, academicians, graduate and postgraduate students, LED practitioners, policymakers, economists, and more.