LOCAL ECONOMIC DYNAMICS: OPPORTUNITIES AND CHALLENGES

Penulis

  • Loso Judijanto IPOSS Jakarta, Indonesia
  • Lukman Hakim Perbanas Institute
  • Al-Amin Universitas Airlangga, Surabaya, Indonesia

Kata Kunci:

Dynamics, Local Economy, Opportunities, Challenges.

Abstrak

In the context of regional economic development, challenges and opportunities play a vital role in determining the direction of regional progress and growth. Obstacles include limited access to funding, inadequate infrastructure, competition with foreign products, and limited skilled human resources. These obstacles require serious attention from various parties such as the government, the private sector, and the community to find sustainable and effective solutions to overcome these problems. Key strategies include improving the quality of infrastructure, providing better access to funding, and improving education and training to support the development of skilled human resources. A focus on empowering Small and Medium Enterprises (SMEs), strengthening the competitiveness of local products, and innovation are crucial steps in creating a resilient regional economy. Cooperation between the government and the private sector in creating a conducive business environment is key to supporting sustainable economic growth. Amidst these obstacles, there are many opportunities that can be seized, especially by capitalizing on regional potentials such as unique natural and cultural resources. Development in sectors such as tourism and creative industries can be a key driver for regional economic growth. With the right strategy and strong cooperation between various stakeholders, the regional economy can grow rapidly and make a significant contribution to the welfare of the community, as well as becoming an important pillar for national economic development.

Referensi

Agbevade, A. (2020). Implementation dynamics of local economic development: Comparative empirical experiences from Ghana's local governance system. Local Economy: The Journal of the Local Economy Policy Unit, 35(6), 609-624. https://doi.org/10.1177/0269094220972628

Alaslan, A. (2022). QUALITATIVE RESEARCH METHODS. Query date: 2024-05-25 20:59:55. https://doi.org/10.31237/osf.io/2pr4s

Alia, H., & Spiegelman, E. (2020). Convertible local currency and trust: 'It's Not You, It's Me' - A field experiment in the French Basque Country. Local Economy: The Journal of the Local Economy Policy Unit, 35(2), 105-120. https://doi.org/10.1177/0269094220905505

Bafagih, L., & Wise, N. (2023). Disneyland in Hong Kong: American image, glocally renowned. Local Economy: The Journal of the Local Economy Policy Unit, 38(2), 95-99. https://doi.org/10.1177/02690942231201620

Barratt, P., & Swetnam, R. (2022). A civic and sustainable 15-minute campus? Universities should embrace the 15-minute city concept to help create vibrant sustainable communities. Local Economy: The Journal of the Local Economy Policy Unit, 37(8), 734-744. https://doi.org/10.1177/02690942231175096

Basri, Moh. H., & Saputra, R. (2024). Book review: Managing the transition to a circular economy action plans in the tourism sector. Local Economy: The Journal of the Local Economy Policy Unit, Query date: 2024-08-17 20:40:33. https://doi.org/10.1177/02690942241270573

Burnett, E. (2023). Coopetition outside the market economy: Oxfordshire's community food initiatives as a case study. Local Economy: The Journal of the Local Economy Policy Unit, 38(1), 61-79. https://doi.org/10.1177/02690942231189821

Corona, E. I. P. (2021). Globalization and local economic development: Place-based and bottom-up public policies in Switzerland and Mexico. Local Economy: The Journal of the Local Economy Policy Unit, 36(2), 98-114. https://doi.org/10.1177/02690942211034378

Dalborg, C., Skoglund, W., Ryan, A. W., Högberg, L., Junker, E., Rennemo, Ø., & Friedrichs, Y. von. (2023). Craft breweries and local place development - Perspectives from a Scandinavian context. Local Economy: The Journal of the Local Economy Policy Unit, 38(2), 155-176. https://doi.org/10.1177/02690942231199702

Doussard, M., & Clark, J. (2021). Inclusive innovation closing essay: Problems beyond economic development. Local Economy: The Journal of the Local Economy Policy Unit, 36(3), 265-270. https://doi.org/10.1177/02690942211046473

Etherington, D., Jones, M., & Telford, L. (2022). COVID crisis, austerity and the 'Left Behind' city: Exploring poverty and destitution in Stoke-on-Trent. Local Economy: The Journal of the Local Economy Policy Unit, 37(8), 692-707. https://doi.org/10.1177/02690942231169700

Fajriani, A. (2024). Book Review: Transformations of Global Food Systems for Climate Change Resilience: Addressing Food Security, Nutrition, and Health. Local Economy: The Journal of the Local Economy Policy Unit, Query date: 2024-08-17 20:40:33. https://doi.org/10.1177/02690942241269490

Fridriksson, J., Wise, N., & Scott, P. (2020). Iceland's bourgeoning cruise industry: An economic opportunity or a local threat? Local Economy: The Journal of the Local Economy Policy Unit, 35(2), 143-154. https://doi.org/10.1177/0269094220911369

Froud, J., Haslam, C., Johal, S., & Williams, K. (2020). (How) does productivity matter in the foundational economy? Local Economy: The Journal of the Local Economy Policy Unit, 35(4), 316-336. https://doi.org/10.1177/0269094220956952

Gateri, C. W., & K'Akumu, O. (2023). Highway engineering and land use change in peri-urban Nairobi: Assessing inclusive development outcomes for host communities in the Northern Bypass corridor. Local Economy: The Journal of the Local Economy Policy Unit, 38(2), 139-154. https://doi.org/10.1177/02690942231191981

Gilfillan, C., & Jones, A. (2023). Gender and enterprise: The use of entrepreneurship support organizations by men and women. Local Economy: The Journal of the Local Economy Policy Unit, 38(2), 187-196. https://doi.org/10.1177/02690942231202222

Goldstraw, K. (2022). Co-producing ideas, leaders and learning - teaching participatory activism in Stoke-on-Trent. Local Economy: The Journal of the Local Economy Policy Unit, 37(8), 676-691. https://doi.org/10.1177/02690942231177901

Harahap, R. D., Noor, S. M., Syahputri, I. R. A., & Pambudi, T. A. (2024). Book Review: Smart tourism-the impact of artificial intelligence and blockchain. Local Economy: The Journal of the Local Economy Policy Unit, Query date: 2024-08-17 20:40:33. https://doi.org/10.1177/02690942241270610

Huggins, R., Munday, M., Thompson, P., & Xu, C. (2023). Entrepreneurial ecosystems, agency and regional development: Emergence and new path creation in the Cardiff city region. Local Economy: The Journal of the Local Economy Policy Unit, 38(6), 538-561. https://doi.org/10.1177/02690942241237779

Kalafsky, R. V., & Graves, W. (2023). Global connections from the second-tier: The trade performance of smaller southern US cities. Local Economy: The Journal of the Local Economy Policy Unit, 38(5), 443-459. https://doi.org/10.1177/02690942231210229

Khambule, I. (2021). Decentralization or deconcentration: The case of regional and local economic development in South Africa. Local Economy: The Journal of the Local Economy Policy Unit, 36(1), 22-41. https://doi.org/10.1177/02690942211018427

Lepore, D., & Spigarelli, F. (2020). Integrating Industry 4.0 plans into regional innovation strategies. Local Economy: The Journal of the Local Economy Policy Unit, 35(5), 496-510. https://doi.org/10.1177/0269094220937452

Liddle, J. (2022). Book Review: Local economy book review: Value(s) building a better world for all. Local Economy: The Journal of the Local Economy Policy Unit, 37(1), 118-119. https://doi.org/10.1177/02690942221099837

McNiven, A., & Harris, J. (2023). Community and the voluntary sector in a pandemic: The significant role of a local football club. Local Economy: The Journal of the Local Economy Policy Unit, 38(4), 312-326. https://doi.org/10.1177/02690942231213579

Morphet, J. (2022). Deals and devolution: The role of local authority deals in undermining devolved decision making. Local Economy: The Journal of the Local Economy Policy Unit, 37(7), 622-638. https://doi.org/10.1177/02690942231172170

Motoyama, Y. (2020). Beyond formal policies: Informal functions of mayor's offices to promote entrepreneurship. Local Economy: The Journal of the Local Economy Policy Unit, 35(2), 155-164. https://doi.org/10.1177/0269094220913864

Oh, J., Clayton, P., & Feldman, M. (2022). Accelerator niches in an emerging entrepreneurial ecosystem: New York city. Local Economy: The Journal of the Local Economy Policy Unit, 37(4), 233-258. https://doi.org/10.1177/02690942221126048

Page, S. (2022). Asylum seeker poverty and bail reporting change activism. Local Economy: The Journal of the Local Economy Policy Unit, 37(8), 708-726. https://doi.org/10.1177/02690942231175092

Paterson, F., Gallotta, B., & Baranova, P. (2023). Building an empirically grounded conceptual frame for business networking as a mechanism for pro-environmental business growth. Local Economy: The Journal of the Local Economy Policy Unit, 38(5), 484-505. https://doi.org/10.1177/02690942241231504

Redwood, M. E., Smith, A. M., Steiner, A., & Whittam, G. (2022). Community wealth building or local authority rhetoric? Local Economy: The Journal of the Local Economy Policy Unit, 37(7), 602-621. https://doi.org/10.1177/02690942231171657

Ricordel, P. (2023). The circular heritage model of Paris 2024 and its possible local legacy perspective. Local Economy: The Journal of the Local Economy Policy Unit, 38(4), 405-417. https://doi.org/10.1177/02690942231213828

Romano, F. S., Vico, R. P., & Uvinha, R. R. (2023). Legacies and impacts of sports mega-events in Brazil: São Paulo as a host city for football matches. Local Economy: The Journal of the Local Economy Policy Unit, 38(4), 327-346. https://doi.org/10.1177/02690942231213589

Scholvin, S. (2023). Green hydrogen and linkage-based development in Antofagasta, Chile. Local Economy: The Journal of the Local Economy Policy Unit, 38(5), 506-517. https://doi.org/10.1177/02690942241230450

Schrock, G., & Lowe, N. (2021). Inclusive innovation editorial: The promise of inclusive innovation. Local Economy: The Journal of the Local Economy Policy Unit, 36(3), 181-186. https://doi.org/10.1177/02690942211042254

Shutt, J., & Liddle, J. (2020). Comparing the development of Local Industrial Strategies across the Northern Powerhouse: Key emerging issues. Local Economy: The Journal of the Local Economy Policy Unit, 35(4), 297-315. https://doi.org/10.1177/0269094220959299

Simmie, J. (2020). Agency, new technological path creation and long waves of local economic growth in Oxfordshire. Local Economy: The Journal of the Local Economy Policy Unit, 35(8), 723-746. https://doi.org/10.1177/02690942211003054

Soroui, S. T. (2023). Encountering weak signals: Economic development practitioners' perceptions of remote work arrangements. Local Economy: The Journal of the Local Economy Policy Unit, 38(1), 3-21. https://doi.org/10.1177/02690942231180283

Strachan, S., Greig, A., & Jones, A. (2022). Going Green Post COVID-19: Employer Perspectives on Skills Needs. Local Economy: The Journal of the Local Economy Policy Unit, 37(6), 481-506. https://doi.org/10.1177/02690942231151638

Swords, J., & Prescott, R. (2023). Creative industries spatial policy in the United Kingdom, 1995-present. Local Economy: The Journal of the Local Economy Policy Unit, 38(2), 177-186. https://doi.org/10.1177/02690942231202213

Syafril, S., & Erlina, N. (2018). Preparing Interview Protocols, Selecting Informants and Probing in Qualitative Research. Query date: 2024-05-25 20:59:55. https://doi.org/10.31219/osf.io/pvsh3

Theodore, N. (2020). Deportations and development: Responding to El Salvador's new migration crisis. Local Economy: The Journal of the Local Economy Policy Unit, 35(7), 635-654. https://doi.org/10.1177/0269094220981052

Wear, A. (2024). Emergent concepts in local economic development. Local Economy: The Journal of the Local Economy Policy Unit, Query date: 2024-08-17 20:40:33. https://doi.org/10.1177/02690942241272573

Wise, N. (2023). Book Review: Handbook on Tourism Planning. Local Economy: The Journal of the Local Economy Policy Unit, 38(7), 717-718. https://doi.org/10.1177/02690942241260720

Woodside, J., Vinodrai, T., & Moos, M. (2021). Bottom-up strategies, platform worker power and local action: Learning from ridehailing drivers. Local Economy: The Journal of the Local Economy Policy Unit, 36(4), 325-343. https://doi.org/10.1177/02690942211040170

Unduhan

Diterbitkan

2024-08-19

Terbitan

Bagian

##section.default.title##