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Coming up – Local Economic Development Training in Hanoi

Coming up – Local Economic Development Training in Hanoi

The role of local governance in local economic development (LED) will be explored in a training workshop taking place in Hanoi from 9 to 11 December 2014, organised jointly by UCLG ASPAC, OXFAM, FCM and Rockefeller Foundation within the DELGOSEA framework

The training “Enhancing Inclusive LED and Good Local Governance in ASEAN Economic Community (AEC) 2015: Towards Inclusive Growth, SMEs Development, and Women’s Economic Leadership” will bring together a variety of stakeholders from governments, the private sector, civil society and academia. The aim is to develop the capacity of local governments to pursue inclusive local economic growth by promoting and enhancing SME competitiveness, with a focus on enterprise development and women’s economic leadership.

In the context of the gradual economic integration as part of the new ASEAN Economic Community (ACE), local governments play a critical role for local economic development. Decentralization and market-oriented reforms offer local government, the private sector and local communities the opportunity to work together in new ways to improve the local economy. However, if communities are to benefit from the changing dynamics, local government leadership and good local governance are essential.

LED focuses on small and medium-sized enterprises (SMEs) – enhancing their productivity and competitiveness and promoting inclusive economic growth in communities. Since SMEs account for more than 96 percent of all enterprises and provide employment for between 50 and 95 per cent in the member countries, they are the engine of growth and development for communities. They are also vital points of entry to stimulate young entrepreneurs and to create opportunities for women to participate in economic development.

This capacity building workshop aims to prepare local governments to cope with upcoming opportunities and challenges in the region. An important dimension of this effort is to develop effective and reliable approaches and tools for local governments to measure the quality of economic governance. The need for engagement and partnership between diverse sectors and players to achieve sustainable LED will be underlined at the forum through the establishment of a regional LED network. Participants attending this workshop will be supported to develop an action plan that they can carry out after they return home.