What it’s all about
Local social economy is based on the concept of local economy introduced in urban areas of England in the 1980s, in response to neo-liberal economic policy. The local social economy deliberately emphasizes the importance of the local anchoring of economy and its social role, and illustrates the interactions between society, economy, ecology, law and politics. Local social economy deals with the social consequences and the preconditions of economic activity as well as the societal influences on economic activities.
What local social economy is for
Local social economy wants to build economy: local economy with local people and local resources, as part of a larger whole. As such, local social economy serves the creation of local values with the aim of a local (and regional) identity and, as far as possible, local work for locals; recognising that the globalised economy should only be a (small) part of the total global economy.
When building a local social economy is useful
Building a local social economy can help to revitalize economically deprived regions, especially when it comes to
• making a region economically, ecologically and socially sustainable
• strengthening economic resilience
• building local resp. regional value-based clusters
To whom is the establishment of a local social economy aimed
The establishment of a local social economy is aimed at all the inhabitants of a community and a region especially to
• local and regional economic associations and local / regional economic development
• experts from community, city and regional development
• Representatives of a region and
• People with initiative
Methods and scope
The establishment of a local social economy is based on the model of the cooperation partner TechNet Berlin. Local values are recorded as well as the loss of local / regional values. The possibility of a local / regional currency is also elaborated, as is the need for circular economic models.
The scope depends on the request.