NDLI: The Role of the Social Economy in Local Development

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Job-rich Growth in Asia. Strategies for Local Employment, Skills Development and Social Protection.

Breaking Out of Policy Silos. Doing More with Less.

Organising Local Economic Development. The Role of Development Agencies and Companies.

Community Capacity Building. Creating a Better Future Together.

Designing Local Skills Strategies

Clusters, Innovation and Entrepreneurship

Flexible Policy for More and Better Jobs

The Changing Boundaries of Social Enterprises

Entrepreneurship and Higher Education

Making Local Strategies Work. Building the Evidence Base.

Local Development Benefits from Staging Global Events

More Than Just Jobs. Workforce Development in a Skills-Based Economy.

Local Innovations for Growth in Central and Eastern Europe

The Social Economy. Building Inclusive Economies.

Executive Summary

Social Economy Organisations in the Theory of the Firm

The Social Economy in the New Political Economic Context

The Role of the Social Economy in Local Development

Social Enterprises, Institutional Capacity and Social Inclusion

Diverse Approaches and Practices in Europe and Canada

The Social Economy in Central East and South East Europe

A Supportive Financing Framework for Social Economy Organisations

Investment Strategies and Financial Tools for Local Development

Baltic Partnerships. Integration, Growth and Local Governance in the Baltic Sea Region.

From Immigration to Integration. Local Solutions to a Global Challenge.

Skills Upgrading. New Policy Perspectives.

Local Governance and the Drivers of Growth

Business Clusters. Promoting Enterprise in Central and Eastern Europe.

Culture and Local Development

Entrepreneurship. A Catalyst for Urban Regeneration.

Evaluating Local Economic and Employment Development. How to Assess What Works among Programmes and Policies.

New Forms of Governance for Economic Development

Global Knowledge Flows and Economic Development

Managing Decentralisation. A New Role for Labour Market Policy.

Private Finance and Economic Development. City and Regional Investment.

The Non-profit Sector in a Changing Economy

Entrepreneurship and Local Economic Development. Programme and Policy Recommendations.

Best Practices in Local Development

The Role of the Social Economy in Local Development

Content Provider	OECD iLibrary
Author	Greffe, Xavier
Abstract	By traditionally presenting itself as an alternative to the market and to public production, the social economy has always claimed to play a pioneering role in the allocation of resources. However, a more recent issue has been to understand the contribution of the social economy to local development. From an empirical perspective, various links appear between local development and the social economy. Due to their very nature, social economy organisations can flexibly adapt to local development needs. Not committed to maximising financial profit, social economy organisations can take into consideration the values and expectations of actors in the field of local development, and the long-term effects of decisions, as well as define actual development strategies. This chapter explores the three main processes through which social economy organisations contribute to local development, namely that: firstly, they are able to consider the external costs resulting from a split between the economic and social dimensions and act as a lever for integration; secondly, they offset information asymmetries and stimulate new productive behaviour; and, thirdly, that social economy organisations reduce moral hazards and create trust and social capital, which may in turn encourage the implementation of interdependent projects.
Page Count	42
Starting Page	91
Ending Page	117
Language	English
Publisher	OECD Publishing
Publisher Date	2007-10-30
Access Restriction	Open
Subject Keyword	Governance Social Issues/Migration/Health Urban, Rural and Regional Development
Content Type	Text
Resource Type	Chapter

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