local currency

Local development initiatives in the spatial economy

This chapter is about the concept of local economic development with focus on some Hungarian examples. We know that local economic development should be realized bottom-up, but sometimes the local population and local businesses face various difficulties while they intend to encourage local developments even if they know the strengths and weaknesses of the settlement/region the best. However, this paper attempts to introduce some concrete examples for local economic development from the Hungarian rural micro-regions, especially from the field of local currencies/complementary money.