From Family Based to Industrial Based Production: Local Economic Development Initiatives and the HELIX Model
Abstract
To build a strong local economy, good practice tells us that each community should undertake a collaborative, strategically planned process to understand and then act upon its own strengths, weaknesses, opportunities and threats. From this perspective we start with the local communities but how is this related to the perspective from the Helix model in which three actors are explicitly introduced: the Government, the Industry and the Universities? The purpose of local economic development (LED) is to build up the economic capacity of a local area to improve its economic future and the quality of life for all. To support the Local Economic Development in remote areas,  a program has been developed based on the LED frame work of the world bank. This approach and the experiences over the past years with this program are described in the first part. In the second part of the paper, We analyse work done with that program with the help of the social capital concept and the triple helix model. In all cases it is important to pay attention to who is taken the initiative after the first move (and it is not always the governance as actor) and for the triple helix we suggest that the concepts of (national) Government, Industry and University need a translation to Local Governance Agency, Cooperation or other ways of cooperation of local communities and Local Universities. Although a push from outside might help a local region in development the endogenous factors are also needed.
Keywords: Triple Helix model, Local Economic Development, Local Actors, Double Triangle within the Helix Model
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Submitted
2013-01-30
Accepted
2013-01-30
How to Cite
Pennink, B. W. (2013). From Family Based to Industrial Based Production: Local Economic Development Initiatives and the HELIX Model. The Asian Journal of Technology Management (AJTM), 5(2). Retrieved from https://journal.sbm.itb.ac.id/index.php/ajtm/article/view/494
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