Rural & regional economic development (RRED)
RRED generally refers to the process of improving the quality of life and economic well-being of people living in relatively isolated and less densely populated areas (rural development) and operating economically in a larger environment (regional development) with high interdependence. This approach does not only take agriculture and forestry (the previous development targets) into account but focuses on a wider approach considering e.g. niche manufacturers, education, vocational training, entrepreneurship, physical and social infrastructure, tourism or recreation as additional economic drivers. This underlines the need for rural communities to approach development from a wider perspective and a broad range of development goals. In contrast to urban regions with many similarities rural areas are highly distinctive from one another.
The promotion of rural development requires coordination across different sectors and levels of government as well as between public and private actors, hence posing many policy and governance challenges.
SEEDwork experts have acquired huge experience in analysing economic situations in a participatory manner with the context of national development strategies. A panoply of appropriate instruments is applied when leading over from analysis via rural/regional development planning to project execution. In this sense, RRED is the bracket for many of the other fields of competence explained in this website (VCD, MSME development, enabling business environment, youth employment and qualification, financial systems, etc.). Our internal guiding principle is: development can only be as fast as the key actors are in the position to steer the process.