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Understanding
Your Local Economy: A Resource Guide for Cities |
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The Cities Alliance has released a new publication,
Understanding Your Local
Economy: A Resource Guide for Cities, that
addresses the challenges of analysing local economic
conditions and a city’s comparative and competitive
advantages. Funded by the Netherlands Ministry of
Foreign Affairs, the Guide presents practical
approaches to conducting citywide and regionwide
economic and competitive assessments. It includes
advice on how to choose local economic development
(LED) indicators and tools that can assess a local
economy’s competitiveness.
The role of local authorities in developing and
delivering sound LED strategies, often as part of
city development and slum upgrading strategies, is
crucial. Cities can better perform, and provide an
environment conducive to employment and
productivity, through strategies that are attuned to
local economic circumstances. To design efficient
city strategies, it is essential to understand a
city's economic base and its constraints, as well as
its competitive advantage. |
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Drawing on 15 case studies, and the methods and
experiences of Cities Alliance members and partners,
this publication offers practical guidance to the
basic components of local economic assessments and
how to undertake them. It should promote the
development of better informed city strategies, and
help improve the economic performance of cities.
This Guide was made possible through the
insights of 15 cities that shared the experiences of
analysing their economies to design effective
development strategies. Cities Alliance members the
World Bank, UN-HABITAT, and the United States Agency
for International Development also contributed to
this publication.
Read/download the Guide:
Full LED Guide
(148 pages, PDF)
LED Guide by Section:
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