Local economic development led has emerged globally as a vital planning approach for local economies the emergence and growing significance of led planning approaches are inseparable from the changing world economy and especially the advance of globalization the question of catalyzing led planning initially emerged in europe and spread to other advanced economies the geographical diffusion of led has occurred to late developing economies in sub saharan africa and latin america the . Local economic development is concerned with the well being of a place local entails relations among processes at different scales although it is not specific to a particular scale economic development is concerned with qualitative changes in conditions and opportunities for work although these changes can be interpreted differently many approaches to local economic . The promotion of local economic development led signals the drive for rooting employment creation by building on the comparative advantages and the unique characteristics of localities decentralization reforms advancing in many countries provide ample opportunities to tap into the potential of local economies led strategies contribute to stronger policy coherence between national and sub . The topic this analysis deals with is complex and refers to local economic development in the theories of regional economies and rural studies local economic development is composite and complex area that in addition to economic development policy including agriculture also incorporates other divisional structural and social policies local. Local economies are the building blocks for national ones an updated and expansive core text the second edition of local economic dev