City2City

Challenges and Opportunities for Local Economic Development

Cities actively promote local economic development by creating employment opportunities that build on the comparative advantages and unique qualities of their localities. Some cities are hubs of innovation and entrepreneurship, such as Bengaluru, while others are centers of manufacturing, such as Dhaka. In all instances, the choices cities make to create an enabling environment for development and growth should depend on dialogue and partnership among local-level stakeholders (e.g., employers, workers’ organizations, entrepreneur organization and informal workers), based on an understanding of business opportunities and the labour environment to target skills training, support local enterprises to thrive, and extend social security coverage to informal workers.

UNDP has worked with local authorities to provide governance and economic development support. The Integrated Framework for Local Governance and Local Development developed by UNDP, UN Capital Development Fund and UN Volunteer, focuses on the key role of subnational authorities and actors in development and promotes dialogue and consensus-building platforms where the public and private sectors, civil society, academic and research institutions are actively engaged in planning and using local resources in a sustainable manner. The interlinked elements of the approach are:

  • Effective multi-level governance for territorial development
  • Equitable, effective and sustainable delivery of goods and services
  • Inclusive decision-making processes involving women and men
  • Secure, stable and peaceful environment for development where rule of law prevails
  • The sustainable use and management of natural resources
  • Increased economic opportunities and jobs for women and men
  • Design of resilient, low-carbon economic activities to reduce emissions and adverse effects of climate change

Latest

1/15/20

Evercomm's AI-driven Asset Performance Management (APM) solutions dramatically reduce integration costs and time, enable real-time analytics correlating sensor data and equipment profiles, and extract critical operation insights along with indexing equipment performance at scale.

Approved

The V World Forum of Local Economic Development will constitute a platform for dialogue on key issues such as poverty eradication, employment, and decent work, sustainable entrepreneurship, multi-stakeholder partnerships, including the involvement of civil society, workers’ and employers’ organizations. 

Event Date:
06/05/2020 - 08:00 to 08/05/2020 - 18:00
Approved
Affordable Housing: Profiles of Five Metropolitan Cities highlights the...
Approved
1/14/20
Age-Friendly Cities: Lessons from Seoul and Singapore explores the current and...
Approved
1/14/20
1/14/20

14 Jan 2020 - The expandable house project is part of ongoing research by the Urban-Rural Systems (URS) team at the Future Cities Laboratory (FCL) (a research unit of the ETH Zürich in Singapore). It identifies and builds upon the successes of forms of informal housing, and tries to improve upon their weaknesses.

Approved

In this webinar, revisiting STEP 4 | COMMIT & PLAN of the integrated management approach of the UrbanByNature programme, we will be hearing from representatives of Research and SMEs from Europe and Brazil on the topic of Nature-based Entrepreneurship (NBEs). 

Event Date:
29/01/2020 - 08:00 to 09:00
Approved
12/30/19

30 Dec 2019 - In this thematic session, participants engaged in investment case examples presented by public and private sector investors that are partnering together in order to mobilize more capital towards financing the SDGs, especially Goal 11.

Approved
12/13/19

13 Dec 2019 - Urban renewal initiatives can help stimulate the local economy, support current businesses and attract new ones, increase property values, instil a sense of civic pride, foster citizen engagement and social inclusion and reduce crime.

Approved
12/10/19

10 Dec 2019 - Airbnb wants to deepen trust with cities and guests following controversy and ahead of a planned IPO next year. It has announced that it will launch a dedicated hotline for mayors and city officials in 2020.

Approved
12/10/19

10 Dec 2019 - Cristiano Radaelli of Planet Smart City looks at the role of sustainable, tech-enabled housing in future cities.

Approved
12/10/19

10 Dec 2019 - The E-Home crowdsourcing project is a communication service provided to residents of apartment buildings in the Russian capital and seeks to enable them to better participate in the management of the property they live in.

Approved
12/10/19

10 Dec 2019 - The rooftop farm at Thammasat University in Rangsit, about 40 km (25 miles) from Bangkok's city centre, is open to anyone who wishes to grow rice, vegetables and herbs.

Approved