Introduction to Community Economic Development by HZPSpuY5


									Introduction to Community
  Economic Development
   What it is and the case for it
Community Economic Development
a.k.a. Community-based development

An approach emphasizing local self-sufficiency, local
decision-making, and local ownership.

A strategic response that might assist communities
to take up development opportunities and
challenges. (Loxley, 2000)
        A holistic approach

It links economic development with a wider
social and economic process.
small scale economic activities

provision of local needs and demand

a microeconomic approach
No universally accepted definition of CED
            United Nations 1955

• A process designed to create conditions of
  economic and social progress for the whole
  community with its active participation and
  the fullest reliance upon the community’s
   Conference Board of Canada 1994

• A strategy by which local development
  organizations mobilize local resources for a
  multi-faceted development campaign.
    CED in the economic context

• polar opposite of capitalist forms of
• capitalist development typically brings the
  “development” to a community from the
• CED promotes development from the “inside”
    CED in the economic context

• people in a community are to be the authors,
  architects and builders of their development
    CED in the economic context

• The people of a community may need
  assistance and supports in building their
  community’s future.
What is a community?
What is the case for CED?
 The concept of the “Social
Economy” is relevant to CED
  What is the social economy?

The social economy is a grass-roots
entrepreneurial, not-for-profit sector, based on
democratic values that seeks to enhance the social,
economic, and environmental conditions of
communities, often with a focus on their
disadvantaged members.
(Human Resources and Social Development
  Why is the federal government
    interested in social economy

Governments are increasingly turning to
community-based processes and initiatives to
address local problems with local solutions.
What are social economy enterprises?

• Social economy enterprises are run like businesses
• Produce goods and services for the market economy
• Manage their operations and redirect their surpluses
  in the pursuit of social and community goals
• Often grow out of broad-based community
  development strategies
What benefits do the social economy
        bring to communities?

 It contributes to a range of community goals
 and has the potential to create collective
 wealth through the production of goods and
 Social economy enterprises provide a
 flexible and sustainable tool that can
help communities to achieve their own
                such as:
  – stimulating job creation and skills development;
  – enhancing community capacity for social supports;
  – supporting economic growth and neighbourhood
  – protecting the environment;
  – mobilizing disadvantaged groups.
Is the social economy important in
        other parts of the world?

 Several of OECD countries have developed
 strategies to promote social enterprises.

– The European Union includes the social economy
  in its entrepreneurship pillar.
– The UK launched a strategy with the Department
  of Trade and Industry to support the growth of the
  social economy (2002).

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