Community Economic Development (CED) is action taken locally by a community to provide economic opportunities and improve social conditions in a sustainable way. Often CED initiatives aim to improve the lot of those who are disadvantaged. An aspect of "localizing economics," CED is a community-centred process that blends social and economic development to foster the economic, social, ecological and cultural well-being of communities. This article needs a complete rewrite for the reasons listed on the talk page. ... Economics (deriving from the Greek words οίκω [okos], house, and νÎμω [nemo], rules hence household management) is the social science that studies the allocation of scarce resources to satisfy unlimited wants. ... // Latin root meaning The term social is derived from the Latin word socius, which as a noun means an associate, ally, companion, business partner or comrade and in the adjectival form socialis refers to a bond between people (such as marriage) or to their collective or connected existence. ... Sustainability is a systemic concept, relating to the continuity of economic, social, institutional and environmental aspects of human society. ... To meet Wikipedias quality standards, this article or section may require cleanup. ...
Community ecomomic development is an alternative to conventional economic development. Its central tenet is that: "... problems facing communities — unemployment, poverty, job loss, environmental degradation and loss of community control — need to be addressed in a holistic and participatory way."[1] To meet Wikipedias quality standards, this article or section may require cleanup. ...
The overarching objective of communityeconomicdevelopment and empowerment is to help underserved populations accumulate assets and improve their economic well-being.
For communitydevelopment researchers, the challenge is to develop parameters that can be used to objectively assess the value of their programs.
The relative paucity of data and research on communitydevelopment programs has limited the ability to fully demonstrate their impact and credibly differentiate those that are successful from those that are ineffective.
The strategies and methodology described go beyond traditional communitydevelopment techniques, with their rural bias and emphasis on mobilizing self help groups; it includes modified action-oriented management training aimed at community members and their leaders, and adaptations of community organizing methods that are appropriate to the currently rapid urbanization of the world.
The Territorial Development Service of the OECD is concerned with giving practical assistance to governments in relation to territorial context, encouraging the creation and development of locally driven initiatives for economicdevelopment, and integrating the two approaches into a coherent strategic approach.
The objective is to contribute to the development of a "solidarity economy" through the enlighten and critical support of the social economy, and the promotion of the collective interest with regards to economic matters.
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