Abstract
This chapter explains the objective of this book, which is to compare local and regional economic development (LRED). This book aims to provide a better understanding of how local economic development is currently practised in Australia, England, Northern Ireland, and the United States. It describes the institutional landscape of LRED, examines the different governance structures for LRED's delivery, and outlines the main funding systems for local development in each country. The book analyses some of the main differences within each country in terms of how local-development activities are conducted and provides a critical analysis of the views of practitioners of the most and least effective approaches to economic development in each country.
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