Document: Case Study - The Compass of Local Competitiveness as a strategic entry point into a Participatory Appraisal of the Competitive Advantage (PACA), Mohale’s Hoek, Lesotho
The purpose of Local Economic Development is to build up the capacity of a local area to improve its economic future and the quality of life for all. It is a process by which public, business and non-governmental sector partners work collectively to create better conditions for economic growth and employment generation. In order to achieve Local Economic Development it is important that those different stakeholders develop a clarified perception of the common vision and objectives for their locality. The Compass of Local Competitiveness aims at helping LED stakeholders to keep a diverse LED process within a commonly agreed impact corridor in a way that allows for strategic management and monitoring of LED, without limiting its flexibility and effectiveness unnecessarily through the installation of time-consuming and rigid procedures. This document is a case study of the compass tool which was implemented in Lesotho.