Question

Which of the following is a key indicator of successful Local Economic Development?

• A. Increased foreign direct investment (FDI) in metropolitan areas
• B. Increased local job creation and improvement in local livelihoods
• C. Decreased government support for local industries
• D. Focus on short-term profit-making by large corporations

Answer 1

Answer:

B. Increased local job creation and improvement in local livelihoods

A successful LED strategy leads to tangible outcomes such as local job creation, higher household incomes, and an overall improvement in living standards. These indicators reflect sustainable economic growth that benefits the local population.