South Africa’s sluggish economic growth and limited structural transformation are at the core of the country’s high levels of unemployment and poverty. Why some countries are able to grow and others not has been the subject of much academic debate, with recent literature throwing fresh light on the phenomenon by exploring the relationship between growth and a country’s productive structure. It is argued that countries’ heterogeneous productive structures stem from differences in entrenched capabilities and know-how in producing and marketing a very specific set of products. Investigating and comparing what countries actually produce and how this supports economic development yield valuable insights into why countries differ and what their transformation priorities should be. In this study a new analytical approach is adopted to determine the potential growth paths of South Africa’s broader agricultural sector, the so-called agro-complex. Comprising 1 456 primary and processed products as well as production inputs within the food, feed and fibre segments, this broad sector makes an important contribution to economic development through its direct and indirect linkages with other economic sectors as well as its relatively high labour absorption rate. The wide-ranging economic challenges that South Africa faces have clearly gripped the country’s agro-complex. A growing dependency on imports of higher value, processed food has led to deteriorating terms of trade, while limited innovation and diversification in agricultural exports (coupled with a high proportion of re-exports) is seriously constraining the positive impact that the agro-complex could have on the country’s growth rate. In this study, the productive structure of the agro-complex is analysed through the application of the ‘product space’ framework. This methodology investigates the relatedness between products as reflected in the conditional probability of a product being exported in tandem with another product, considering all global trade flows. The proximity value, the measurement of relatedness, between all 1 456 products is used to arrive at the structure and visible evidence of an agricultural product space network. This structure allows potential diversification pathways to be analysed. Research has shown that a country’s diversification process involves moves along pathways to nearby - and thus related – ‘new’ products, which simplifies the redeployment of existing productive capabilities and knowledge. These pathways are identified according to three strategic values, namely structural transformation, market potential and employment creation. The potential for structural transformation is determined by using a product-level measure of complexity, with higher level complexity (i.e. upgrading) going to the core of structural transformation. The potential market demand is determined by examining the prospects for import substitution; producing re-exported products locally; producing new, high-potential export products; and diversifying into new markets with existing export products (with the latter two categories evident in the results of a Decision Support Model (DSM)). Finally, the potential for employment creation is analysed in the light of labour and human capital intensities at product level. The study found that South Africa’s position in the agricultural product space is relatively dispersed. This position is characterised by a proportionally high level of core competencies within the primary agricultural cluster and a limited amount of vertical linkages. Furthermore the analyses showed that, especially the products for which South Africa has developed a significant high level of specialisation such as plums and wines are located in the sparser, less promising, parts of the agricultural product space. Notwithstanding, a total of 60 realistic diversification opportunities are within “reach” from the countries core competencies in the agro-complex. The analysis on structural transformation established that the level of product complexity within the agro-complex is more important for economic development than product diversity per se. It was revealed that South Africa only ranked 69th globally with regards to the complexity of its agro-complex. It was determined that upgrading within the forestry and agro-processing of food clusters hold the most potential for improving this position. The investigation into the potential for diversification driven by market potential revealed fore mostly that the potential for substituting imports as well as re-exports with local production is limited. The market prospects for exporting “new” products and expanding the export destinations of existing products within the agro-complex is much more favourable. It was estimated that most employment creation could be derived from diversification within the primary agricultural cluster although its number of opportunities are limited. Diversification within both the primary agricultural and agro-processing of food clusters was found the have to most favourable prospects for developing the level of human capital within the agro-complex. Based on all three strategic values, the most promising diversification opportunities are located within the forestry cluster. The range of realistic opportunities within the five clusters of the agro-complex form the core for developing product-level diversification strategies. This will ultimately strengthen the position of the agro-complex and boost South Africa’s growth path for the next decade. Hence, the main contribution of this study includes the determination of the structure of South Africa’s agro-complex from a product perspective and its implications for potential growth and development. / PhD (International Trade), North-West University, Potchefstroom Campus, 2014

For the past few decades researchers, development agencies and government have focussed on the use of Information and Communication Technologies to improve the socio-economic status of people in underdeveloped rural communities. In recent years there has been remarkable recognition of the importance of developing systems that address the specific needs of rural communities. Education, health, commerce, government and agriculture are amongst the needs of rural communities that could well be addressed by these systems. System development is a complex process and studies have shown that if poorly conducted, the process could lead to the failure of the system being developed. Due to differences in context and application, the processes followed in the development of the rural community systems need to differ from those of commercial applications. One such difference is the choice of the Information System Development Methodology (SDM) used. Following a methodical approach to Information Systems development is important as it improves discipline, standardization and monitoring of a quality system. There are hundreds of SDM available for use during development and choosing the wrong SDM has been linked to problems such as systems being delivered late, being over budget or not meeting the needs of the users. Developing systems for disadvantaged communities is different from developing system for organisations or even affluent communities. Some of the challenges that developers encounter include lack of structure, poor computer literacy, and poor infrastructure. Lack of user involvement during system development has been linked to system failures. A Living Labs approach to socio-economic development is aimed at involving multiple stakeholders towards improving the living standards. Developing Community Information Systems aimed at solving varying community problems is one of the objectives of the Living Labs. There are only few CISs that are fully operational from South African Living Labs, and a number of systems developed are not in use. Poor user involvement and lack of use of system development are some of the reasons for system failures. The purpose of this study is to evaluate the use and effectiveness of System Development Methodologies when developing community information systems aimed at socio-economic development of disadvantaged communities. To achieve the objectives of this study, an interpretive, multiple case study research was conducted in three Living Labs around South Africa. To improve the chances for success during the development of Community Information Systems for use by disadvantage communities, this study proposes a framework for evaluating use and effectiveness of SDMs. The second output of the Study is an SDM framework that could be adopted specifically for Living Labs which adopts an agile approach and prototyping. These frameworks takes into account the social attributes of people in disadvantaged communities, the nature of the living lab, the nature of the systems being developed and the role of the users in the systems being developed. / PhD (Computer Science), North-West University, Potchefstroom Campus, 2014

Changes in economic, environmental and social conditions have exposed our society to many challenges such as hunger and poverty, epidemic diseases and dramatic climate changes. As business entities operating within the community, companies have the immense task of assisting the community to address these challenges. To carry out this task, companies use socially responsible investment (SRI) initiatives in the effort to give back to local communities. These initiatives focus on environmental, social and economic activities that seek to improve the wellbeing of the community at large. The theoretical explanations behind SRI strategies tend to stimulate discussions and contestations about the motive behind SRI initiatives and their relevance to the companies and the community concerned. Some theories purport that a company should have a sole social responsibility goal of creating wealth for its shareholders, while others consider SRI initiatives as a means of interaction between a company and its immediate community. Despite these different views, SRI theories concur that companies’ SRI initiatives can contribute to economic development. The study reported in this document used a combination of qualitative and quantitative research methods to analyse the effects of the SRI sector on micro- and macroeconomic development in South Africa. The key empirical objectives of the study were to: assess the effect of SRI initiatives on the financial performance of South African companies; determine the volatility of the SRI Index relative to the overall stock market; establish the interactions between various macroeconomic variables and the South African SRI sector; identify the involvement of the local community in designing SRI initiatives; determine local communities’ perceptions towards implementation of SRI initiatives; and assess how various socioeconomic and demographic characteristics of community members affect their perceptions towards SRI initiatives. Primary data were collected through interviews and quetiapine; while secondary data running from May 2004 to June 2014 was obtained from the JSE, McGregor BFA and SARB. The data include variables such as the share returns of companies in the SRI Index and various macroeconomic variables. The econometric models used to analyse the data included the Johansen co-integration test, vector error correction model (VECM), generalised autoregressive conditional heteroscedasticity (GARCH), autoregressive distributed lag (ARDL) model, Granger causality test, the event study methodology and binary logistic regression. Results of the event study methodology showed that an improvement in companies’ involvement in SRI initiatives is linked with positive returns; however, such positive returns were not statistically significant. On the contrary, a decline in a company’s involvement in SRI initiatives is associated with significant negative abnormal returns. Further analysis showed that the South African SRI index is not exposed to any unique volatility. The analysis on the relationship between the SRI Index (a proxy for the sector) and macroeconomic variables suggests that development of the South African SRI sector is linked with macroeconomic growth and stability. To analyse the effect of SRI initiatives at a microeconomic level, an SRI initiative of implemented by a specific company in Bophelong Township formed the basis of the analysis. Findings revealed that this initiative benefited less privileged community members through the creation of temporary employment and provision of skills that created opportunities for future employment. Households with low economic status, those headed by a female or unemployed head were the most satisfied with the SRI initiative compared to others beneficiaries of the SRI initiative. Thus, the SRI initiative positively impacted the relationship between the company and community members, while at the same time creating expectations for future initiatives within the community. This study concluded that SRI initiatives must be aligned with the needs of the community in order to contribute to both micro- and macroeconomic development. As much as companies are expected to implement socially responsible initiatives, community members should also be encouraged to meet these companies halfway through programmes such as volunteering. Findings of this study can assist policy makers and companies in aligning SRI initiatives with the needs of the community, improving the involvement of community members in SRI initiatives, developing strategies to reduce the costs associated with SRI initiatives and, hence, increasing the impact of SRI initiatives. / PhD (Economics)--North-West University, Vaal Triangle Campus, 2015.

This study was initiated to evaluate the level of integration between infrastructure- and spatial planning at local government level in South Africa. Municipalities have been given a constitutional obligation to provide their communities with effective and efficient municipal services. Most if not all of these municipal services require adequate infrastructure to be delivered in a sustainable manner. In addition, infrastructure has been identified as being an enabler of economic growth and development by providing a foundation on which economic and social interaction can occur. The planning of infrastructure is therefore of absolute importance. Additionally, ‗Green Infrastructure‘1 has increasingly been viewed as a means to create sustainable human settlements with numerous benefits. Unfortunately, it seems that the important task of infrastructure planning has not been receiving the necessary attention at municipal level especially in rural municipalities. This has resulted in both over and under provision of infrastructure in certain areas. As physical infrastructure lays down influential structural elements that can last for centuries, it is proposed that infrastructure be planned in conjunction with strategic spatial planning in a structured manner. This research will determine the feasibility of such integration at municipal level by scrutinising the existing spatial planning system on local government level while considering the infrastructure planning system. The spatial planning system in South Africa has undergone several paradigm shifts over the past number of decades; altering from a master planning approach that was too rigid to adapt to any sudden form of change, to a more conceptual approach drawing on abstract elements such as nodes and corridors. The South African Presidency has commissioned at least two departments with the task of integrated infrastructure planning on a national level. The first is the National Planning Commission (NPC), and the second is the Department of Performance Monitoring and Evaluation (DPME). The former develops long term integrated development plans for all sectors including infrastructure and produced the National Development Plan (NDP) as a long-term vision for South Africa up to 2030, while the latter is dedicated to the advancement of economic infrastructure. Although the focus of this study is on local government level, cognisance must be taken of national and provincial government policy and guidelines. The practice of spatial planning in South Africa is done on three levels of government as set out in the Constitution (Act 108 of 1996); national, provincial and local. Spatial planning on a local level is additionally subject to various other forms of policy and legislation including the Municipal Systems Act (No 32 of 2000) which instructs local government to undertake integrated development planning for their area of jurisdiction. This function involves the creation of an Integrated Development Plan (IDP), which must link, integrate and co-ordinate plans from all sectors within the municipality. Such IDP must additionally include a Spatial Development Framework (SDF) which must give form to the long term spatial vision of the IDP. Infrastructure planning on a local level is subject to various institutional arrangements that are aimed to facilitate the large number of role players involved such as service authorities and service providers amongst others. Municipal infrastructure is therefore divided into different categories relating to the scale and function thereof. Firstly, municipal infrastructure is divided into civil and electrical infrastructure where the former consists of roads, water and sanitation infrastructure amongst others and the latter consists of infrastructure concerned with facilitating electricity generation, transmission and distribution. Civil infrastructure can additionally be divided into bulk, connector and internal infrastructure where bulk is larger in scale and normally situated outside formal urbanised areas, leading down to internal infrastructure which is designed to serve individual properties. The division in electrical infrastructure is normally only made between bulk and reticulation, where the latter includes both internal and connector infrastructure. As in the case with conventional infrastructure, green infrastructure is made up of a large variety of different elements and is practiced on various scales. These scales distinguish between the ownership and responsibility of such green infrastructure. The appropriate level of involvement of local government in green infrastructure practices is fairly uncertain as many municipalities do not make provision for green infrastructure in their development plans. This study makes several proposals on how to incorporate both conventional and green infrastructure into strategic plans. Such proposals include but are not limited to the introduction of an administrative framework aimed at intergovernmental co-operation, the introduction of lower-order spatial plans as well as the introduction of a multi-disciplinary planning team. / MArt et Scien (Urban and Regional Planning), North-West University, Potchefstroom Campus, 2014

South Africa’s sluggish economic growth and limited structural transformation are at the core of the country’s high levels of unemployment and poverty. Why some countries are able to grow and others not has been the subject of much academic debate, with recent literature throwing fresh light on the phenomenon by exploring the relationship between growth and a country’s productive structure. It is argued that countries’ heterogeneous productive structures stem from differences in entrenched capabilities and know-how in producing and marketing a very specific set of products. Investigating and comparing what countries actually produce and how this supports economic development yield valuable insights into why countries differ and what their transformation priorities should be. In this study a new analytical approach is adopted to determine the potential growth paths of South Africa’s broader agricultural sector, the so-called agro-complex. Comprising 1 456 primary and processed products as well as production inputs within the food, feed and fibre segments, this broad sector makes an important contribution to economic development through its direct and indirect linkages with other economic sectors as well as its relatively high labour absorption rate. The wide-ranging economic challenges that South Africa faces have clearly gripped the country’s agro-complex. A growing dependency on imports of higher value, processed food has led to deteriorating terms of trade, while limited innovation and diversification in agricultural exports (coupled with a high proportion of re-exports) is seriously constraining the positive impact that the agro-complex could have on the country’s growth rate. In this study, the productive structure of the agro-complex is analysed through the application of the ‘product space’ framework. This methodology investigates the relatedness between products as reflected in the conditional probability of a product being exported in tandem with another product, considering all global trade flows. The proximity value, the measurement of relatedness, between all 1 456 products is used to arrive at the structure and visible evidence of an agricultural product space network. This structure allows potential diversification pathways to be analysed. Research has shown that a country’s diversification process involves moves along pathways to nearby - and thus related – ‘new’ products, which simplifies the redeployment of existing productive capabilities and knowledge. These pathways are identified according to three strategic values, namely structural transformation, market potential and employment creation. The potential for structural transformation is determined by using a product-level measure of complexity, with higher level complexity (i.e. upgrading) going to the core of structural transformation. The potential market demand is determined by examining the prospects for import substitution; producing re-exported products locally; producing new, high-potential export products; and diversifying into new markets with existing export products (with the latter two categories evident in the results of a Decision Support Model (DSM)). Finally, the potential for employment creation is analysed in the light of labour and human capital intensities at product level. The study found that South Africa’s position in the agricultural product space is relatively dispersed. This position is characterised by a proportionally high level of core competencies within the primary agricultural cluster and a limited amount of vertical linkages. Furthermore the analyses showed that, especially the products for which South Africa has developed a significant high level of specialisation such as plums and wines are located in the sparser, less promising, parts of the agricultural product space. Notwithstanding, a total of 60 realistic diversification opportunities are within “reach” from the countries core competencies in the agro-complex. The analysis on structural transformation established that the level of product complexity within the agro-complex is more important for economic development than product diversity per se. It was revealed that South Africa only ranked 69th globally with regards to the complexity of its agro-complex. It was determined that upgrading within the forestry and agro-processing of food clusters hold the most potential for improving this position. The investigation into the potential for diversification driven by market potential revealed fore mostly that the potential for substituting imports as well as re-exports with local production is limited. The market prospects for exporting “new” products and expanding the export destinations of existing products within the agro-complex is much more favourable. It was estimated that most employment creation could be derived from diversification within the primary agricultural cluster although its number of opportunities are limited. Diversification within both the primary agricultural and agro-processing of food clusters was found the have to most favourable prospects for developing the level of human capital within the agro-complex. Based on all three strategic values, the most promising diversification opportunities are located within the forestry cluster. The range of realistic opportunities within the five clusters of the agro-complex form the core for developing product-level diversification strategies. This will ultimately strengthen the position of the agro-complex and boost South Africa’s growth path for the next decade. Hence, the main contribution of this study includes the determination of the structure of South Africa’s agro-complex from a product perspective and its implications for potential growth and development. / PhD (International Trade), North-West University, Potchefstroom Campus, 2014

For the past few decades researchers, development agencies and government have focussed on the use of Information and Communication Technologies to improve the socio-economic status of people in underdeveloped rural communities. In recent years there has been remarkable recognition of the importance of developing systems that address the specific needs of rural communities. Education, health, commerce, government and agriculture are amongst the needs of rural communities that could well be addressed by these systems. System development is a complex process and studies have shown that if poorly conducted, the process could lead to the failure of the system being developed. Due to differences in context and application, the processes followed in the development of the rural community systems need to differ from those of commercial applications. One such difference is the choice of the Information System Development Methodology (SDM) used. Following a methodical approach to Information Systems development is important as it improves discipline, standardization and monitoring of a quality system. There are hundreds of SDM available for use during development and choosing the wrong SDM has been linked to problems such as systems being delivered late, being over budget or not meeting the needs of the users. Developing systems for disadvantaged communities is different from developing system for organisations or even affluent communities. Some of the challenges that developers encounter include lack of structure, poor computer literacy, and poor infrastructure. Lack of user involvement during system development has been linked to system failures. A Living Labs approach to socio-economic development is aimed at involving multiple stakeholders towards improving the living standards. Developing Community Information Systems aimed at solving varying community problems is one of the objectives of the Living Labs. There are only few CISs that are fully operational from South African Living Labs, and a number of systems developed are not in use. Poor user involvement and lack of use of system development are some of the reasons for system failures. The purpose of this study is to evaluate the use and effectiveness of System Development Methodologies when developing community information systems aimed at socio-economic development of disadvantaged communities. To achieve the objectives of this study, an interpretive, multiple case study research was conducted in three Living Labs around South Africa. To improve the chances for success during the development of Community Information Systems for use by disadvantage communities, this study proposes a framework for evaluating use and effectiveness of SDMs. The second output of the Study is an SDM framework that could be adopted specifically for Living Labs which adopts an agile approach and prototyping. These frameworks takes into account the social attributes of people in disadvantaged communities, the nature of the living lab, the nature of the systems being developed and the role of the users in the systems being developed. / PhD (Computer Science), North-West University, Potchefstroom Campus, 2014

Changes in economic, environmental and social conditions have exposed our society to many challenges such as hunger and poverty, epidemic diseases and dramatic climate changes. As business entities operating within the community, companies have the immense task of assisting the community to address these challenges. To carry out this task, companies use socially responsible investment (SRI) initiatives in the effort to give back to local communities. These initiatives focus on environmental, social and economic activities that seek to improve the wellbeing of the community at large. The theoretical explanations behind SRI strategies tend to stimulate discussions and contestations about the motive behind SRI initiatives and their relevance to the companies and the community concerned. Some theories purport that a company should have a sole social responsibility goal of creating wealth for its shareholders, while others consider SRI initiatives as a means of interaction between a company and its immediate community. Despite these different views, SRI theories concur that companies’ SRI initiatives can contribute to economic development. The study reported in this document used a combination of qualitative and quantitative research methods to analyse the effects of the SRI sector on micro- and macroeconomic development in South Africa. The key empirical objectives of the study were to: assess the effect of SRI initiatives on the financial performance of South African companies; determine the volatility of the SRI Index relative to the overall stock market; establish the interactions between various macroeconomic variables and the South African SRI sector; identify the involvement of the local community in designing SRI initiatives; determine local communities’ perceptions towards implementation of SRI initiatives; and assess how various socioeconomic and demographic characteristics of community members affect their perceptions towards SRI initiatives. Primary data were collected through interviews and quetiapine; while secondary data running from May 2004 to June 2014 was obtained from the JSE, McGregor BFA and SARB. The data include variables such as the share returns of companies in the SRI Index and various macroeconomic variables. The econometric models used to analyse the data included the Johansen co-integration test, vector error correction model (VECM), generalised autoregressive conditional heteroscedasticity (GARCH), autoregressive distributed lag (ARDL) model, Granger causality test, the event study methodology and binary logistic regression. Results of the event study methodology showed that an improvement in companies’ involvement in SRI initiatives is linked with positive returns; however, such positive returns were not statistically significant. On the contrary, a decline in a company’s involvement in SRI initiatives is associated with significant negative abnormal returns. Further analysis showed that the South African SRI index is not exposed to any unique volatility. The analysis on the relationship between the SRI Index (a proxy for the sector) and macroeconomic variables suggests that development of the South African SRI sector is linked with macroeconomic growth and stability. To analyse the effect of SRI initiatives at a microeconomic level, an SRI initiative of implemented by a specific company in Bophelong Township formed the basis of the analysis. Findings revealed that this initiative benefited less privileged community members through the creation of temporary employment and provision of skills that created opportunities for future employment. Households with low economic status, those headed by a female or unemployed head were the most satisfied with the SRI initiative compared to others beneficiaries of the SRI initiative. Thus, the SRI initiative positively impacted the relationship between the company and community members, while at the same time creating expectations for future initiatives within the community. This study concluded that SRI initiatives must be aligned with the needs of the community in order to contribute to both micro- and macroeconomic development. As much as companies are expected to implement socially responsible initiatives, community members should also be encouraged to meet these companies halfway through programmes such as volunteering. Findings of this study can assist policy makers and companies in aligning SRI initiatives with the needs of the community, improving the involvement of community members in SRI initiatives, developing strategies to reduce the costs associated with SRI initiatives and, hence, increasing the impact of SRI initiatives. / PhD (Economics)--North-West University, Vaal Triangle Campus, 2015.

Master of Science / Department of Agricultural Economics / Jeffrey M. Peterson / State and local economic development policies are often created with the goal of stimulating local economic activity through employment growth. The success of these policies is commonly measured by the number of jobs they create. Because labor markets are not bound by county lines, commuting and migration are important factors to consider when measuring employment growth in a region. This study used county-level data from the 2000 Census to predict labor force participation, unemployment, in-commuting, and out-commuting. The model was estimated using Ordinary Least Squares regression and was simulated to predict changes in labor force, unemployment and commuting as a result of a change in employment for all 105 Kansas counties. An increase in employment was found to increase the labor force participation, in-commuting, and unemployment, while decreasing the number of out-commuters. The increase in in-commuting causes many of the economic benefits expected to accrue to the county where the job growth occurred to be essentially exported to the county where the in-commuters live. Failure to account for the proportion of new jobs filled by in-commuters would lead to significant over estimations of local impacts of employment growth. These results suggest that regional coordination of economic development policies, through the use of tools such as tax-base sharing, would provide substantial gains to otherwise competing local governments.

Master of Regional and Community Planning / Department of Landscape Architecture/Regional and Community Planning / John W. Keller / The purpose of this report is to identify the role of transportation linkages in facilitating economic development in Portland, Maine, and the surrounding region, beginning with the city’s 19th century maritime economy. In the process, this study demonstrates how the evolution of Portland’s economy, from early mercantile capitalism, through the industrial and post-industrial eras, was greatly shaped by a succession of transportation developments, engineered by city leaders. Research reveals that these achievements were coordinated through both public sector planning and private sector entrepreneurship, to cultivate comparative advantages for the city. Evidence of this implicit collaboration is apparent in the growth of new economic sectors to support local shipping, rail, freight, and eventually commercial airline service. As a result of these efforts, Portland maintains a status as a regional economic gateway that is disproportionate to its modest population of fewer than 70,000 residents. In support of this argument, this report will also present relevant historical anecdotes to provide context for the growth of the city and broader region as a whole, from colonization through globalization. As part of the city’s economic history, this discussion demands an examination of the macroeconomic forces that contributed to the rise and fall of the local maritime industries, manufacturing, and the 21st century service sector economy. Additionally, this report will discuss the impact of major global events, including war, recession, and the telecommunication revolution, all of which have precipitated major socio-economic changes across the United States. The report concludes by offering insight into Portland’s future, with specific respect to the 2008 economic crisis and the resulting impact on the local real estate and financial markets. Despite an economic climate that threatens the viability of small cities across the United States, Portland’s history of resilience provides hope for a prosperous future. In light of the city’s modern economic trajectory, the ability to a chart a new course will rely upon progressive leadership that can capitalize on the region’s natural geographic resources. These future developments will, no doubt, parallel a new wave of investment in local infrastructure and transportation linkages.

Published Article / This article presents the results of a business survey conducted in the Great Karoo town of Graaff-Reinet. The survey solicited the views of business owners on a range of economic issues. The findings also draw on a number of in-depth Midlands-Karoo studies, carried out in the early 1970s, in order to add nuance to the prevailing understanding of the factors that influence local economic development (LED) in small towns. It is argued that LED is a multi-facetted phenomenon. It requires a holistic approach that recognises its inherent complexity, involving factors such as local leadership, diversification, the local skills base, in-migration, corporate investment, and entrepreneurship.