%0 Journal Article
%T ¡°Cultivating¡± Local Resources or ¡°Hunting¡± Mobile Resources? Analysis of Endogenous and Exogenous Approaches for Local Economic Development
%A Lingjia Zhong
%J Current Urban Studies
%P 156-162
%@ 2328-4919
%D 2022
%I Scientific Research Publishing
%R 10.4236/cus.2022.101009
%X In a rapidly changing global economy, approaches
that rely solely on </span><span style=\"font-family:Verdana;\">¡°</span><span style=\"font-family:Verdana;\">nurtur</span><span style=\"font-family:Verdana;\">ing</span><span style=\"font-family:Verdana;\">¡±</span><span style=\"font-family:Verdana;\"> local resources or </span><span style=\"font-family:Verdana;\">¡°</span><span style=\"font-family:Verdana;\">hunting</span><span style=\"font-family:Verdana;\">¡±</span><span style=\"font-family:Verdana;\"> mobile resources to promote
local </span><span style=\"font-family:&quot;\"><span style=\"font-family:Verdana;\">devel</span><span style=\"font-family:Verdana;\">opment are
limited and narrowly focused. This article first analyzed the a</span><span style=\"font-family:Verdana;\">dvantages
and disadvantages of indigenous and exogenous approaches for local economic
development. This article also used an example of Hangzhou¡¯s </span><span style=\"font-family:Verdana;\">¡°Future Sci-Tech City¡± to demonstrate a balance of
both integrated indigenous and exogenous approaches. These findings suggested
that a balance o</span><span style=\"font-family:Verdana;\">f both, an integrated approach would be beneficial to
the local economic growth. However, as economic development varies from region
to region, local governments have to consider their development context to
determine the best way to achieve local economic growth.
%K Indigenous Approach
%K Exogenous Approach
%K Local Development
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=116245