Translation of intervention elements into local development strategy

• Main Authors: Đuranović Dragan, Nuševa Daniela
• Format: Article
• Language: English
• Published: University of Novi Sad - Faculty of Economics, Subotica 2015-01-01
• Series: Strategic Management
• Subjects: interventionism; selective interventionism; local communities; performance indicators; local development strategy
• Online Access: https://scindeks-clanci.ceon.rs/data/pdf/1821-3448/2015/1821-34481504009D.pdf
• ISSN: 1821-3448; 2334-6191

Micro interventionism implies a set of activities of local public management and raising the economy of the local market. Today’s economic theory and state decentralization allow selective intervention to protect new and small markets, such as the local market. Without state intervention and a selective intervention of the local public management, the economic activity would have ceased completely. For a well-designed management or conduct, the state development plan must be designed at three levels: national, regional and local. That way, a country produces strategic documents that give a guidance of the direction in which to build the future, what the major industries are, the large infrastructure and areas of a national interest. Strategies brought by the public management contain measures that can be treated as stabilizing or development. Data shown by local communities are the basis for the application of multi-criteria methods in determining the rank of strategic objectives and local communities, and the application of a factor analysis and group development. Factors or strategic goals decisive for the application of interventionist measures are: the income of the local community per capita, the employment rate and the economy, the unemployment rate, the gross domestic product per capita, the share of employees in the total population and other indicators (factors) of economic growth, income from tourism etc. Based on observations of success factors, it is possible to rank the development of local communities. Outputs, as a valuing factor of interventionism, are a good basis for their translation into local development strategies.