Document: Report on Local Competitive Advantage (LOCA) in Sri Lanka

Competitive advantage has been a concern for localities for the past couple of decades. Several strategies on how to boost the creation of competitive advantage of local economies have emerged; they vary from enterprise development to community economic development, but the idea about how localities can best identify, formulate and implement those strategies remains contested. Many localities have developed strategic planning as the master plan for local economic development, but setting it up is a complex and resource‐consuming process, which many localities could not afford since LED strategies need a continuous response to new alternatives and opportunities.