Financial University under The Government Development in Canada

Financial University under The Government Development in Canada Local economic development Project made by Students of group SOC 1 -1 Ksenia Anisimova Anastasia Gandera Ulyana Revkova Tutor N. V. Savchenko Moscow 2016

Plan History Concept Phases Success of of Canada LED LED

Canada is the world's eleventhlargest economy as of 2015, with a nominal GDP of approximately US$1. 79 trillion. Canada's manufacturing, mining, and service sectors has transformed the nation from a largely rural economy to an urbanized, industrial one.

Concept of LED Local economic development of interest and commitment to Worldwide, there is a resurgence LED helps all citizens realize (LED)economic developmentin and equitably benefit from local refers to the process (le. D) premised on the desire to not only local governments whichmore significantly foster broad-scale development, but most economic development. importantly to do so in a manner that engages local citizens and engage to enhance economic Canada has a long track communities, fairly of life. citizen in LED. prosperity and quality considers all record interests, prioritizes equitable and sustainable sharing of responsibilities and results in a greater realization and more equitable distribution of the benefits of economic development.

Phase one: industrial development focus (1930 s to 1960 s) Often described as “smokestack chasing” the first wave of LED in North America had its basis in the desire to firmly and visibly solidify the economic foundation of a municipality by attracting one major enterprise to relocate or start anew in the community.

Phase two: small business development focus (1970 s to 1990 s) With the publication of Dr. David Birch’s controversial but highly acclaimed research on the role of small business in economic development, a new wave of LED practice was borne.

Phase three: broadened foundation for effective LED (early 1990 s) The third phase of le. D took place in the early ’ 90 s. it was characterized by a declining emphasis on traditional industrial attraction and retention efforts to one with broader and more innovative foundations: public-private partnerships, regional networks and associations of communities, enhanced local human capital capacities, industrial clusters.

Phase four: sustainable LED (late 1990 s) LED planning and implementation became more inclusive, built from broad stakeholder engagement and multidisciplinary partnerships. LED efforts during this period encompassed comprehensive, multi-faceted strategic approaches with innovative solutions.

Phase five: LED (2000 to present) “ LED is an approach that recognizes economic, environmental and social well -being are interdependent aspirations and thus each le. D program is necessarily multidimensional. ”

Successful LED efforts are characterized by the following traits: premised on the economic realities of the 21 st century inclusive, representing broader stakeholder interests well-planned and strategic, with established goals and well-defined objectives and activities that yield measurable outputs, outcomes and impacts proactive, not simply waiting for something to happen and not simply reacting when something does independent, yet community responsive as well as apolitical, yet transparent and accountable long-term focused

Conclusion

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