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Bottom-up self-help initiatives as a catalyst to sustained local economic development

   

Added on  2020-06-06

10 Pages3266 Words285 Views
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In relation to Canada’s singleindustry resource towns, discussthe proposition that ‘bottom-up’self-help initiatives can provide thecatalyst to sustained localeconomic development
Bottom-up self-help initiatives as a catalyst to sustained local economic development_1

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
Bottom-up self-help initiatives as a catalyst to sustained local economic development_2

INTRODUCTIONCanada's economy has been fundamentally shaped by a is highly depended upon the fur,fish and forest industry. In the year 1977 Canadian government has paid focus on extending itsfishing business from 12 to 200 miles (Reaidy, Gunasekaran and Spalanzani, 2015). This hashelped the authorities in raising their employment and investment opportunities in the nation.Present study will discuss effectiveness of bottom up and self help initiatives in order to developeconomic of the country. MAIN BODYOne of the main aim of the government is to develop the nation and improve economicposition of the country. For that authorities make new rules and encourage the local business togrow well. Canada has high dependency on the fish, forest industries. These sectors contributewell in enhancing economic position of the country (Navarro, Woods and Cejudo, 2016). Inorder to achieve the objective authorities take support of two main approaches: top down andbottom up approach. These approaches help the authorities in improving the condition of thenation. In the top down approach entities concentrate more on reducing issues so that overallcondition of the destination can be improved. On other hand bottom up approach is another typeof approach in which authorities provide micro finance facilities and concentrate more on NGO-based development initiatives (Community self-help projects and rural development in Ohafialocal government area, 2012). This approach supports in improving condition of the country andreducing poverty as well.Bottom-up approach is the technique that emphasis more on increasing participation withthe local communities in order to enhance development opportunities. In this respect, thesepeople ensure that accountability remain maintained in each project. In the recent times bottom-up institutions have become the essential part and contributing well in the economy developmentof the region (The impact of the bottom-up approach towards economic development onpopulation mobility across Mexican municipalities, 2017). One of the great example isBangladesh which has gained huge success by implementing this approach. In this method localcommunities make strategies so that poverty can be reduced and more employment opportunitiescan be generates in the region. This is the way that can help Canada in it sustainable economicdevelopment. Canadian government is paying attention on increasing micro finance facilities for1
Bottom-up self-help initiatives as a catalyst to sustained local economic development_3

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