Local economic development (LED) is a participatory process which encourages social dialogue and public-private partnerships in a defined geographical area. LED enables local stakeholders to jointly design and implement a development strategy which fully exploits local resources and capacities, and makes best use of the area’s comparative advantages. The LED Programme in the Cooperative Branch implements technical assistance projects in several regions of the world. This includes the establishment of local economic development agencies, which provide local communities with a variety of support services, including finance. The LED approach has been particularly successful in post-crisis situations.
