Vincent Wolfard, Local Economic Research Development: A synopsis of the projects in Indonesia.

There have been set up numerous LERD projects over the past years, but not every project is very successful.

Projects need more socialization in the form of collaboration between universities, the government, local leaders and entrepreneurs. Universities can also provide education and stimulate innovation. Furthermore, the quality of the coordination of entrepreneurial activities can be improved by providing a central where local producers/entrepreneurs etcetera can meet. Lastly, empowerment can be enhanced by giving training, providing starting capital (in the form of micro credit) and creating networks.

Leave a Reply

Your email address will not be published.