%0 Generic %A Hasan, Lubna %D 1998 %F mpra:7959 %K Local Development, Decentralization %T CONTEXTUALIZING LOCAL ECONOMIC DEVELOPMENT FOR DEVELOPING COUNTRIES %U https://mpra.ub.uni-muenchen.de/7959/ %X This paper explores the prospects of success of ‘Local Economic Development’ (LED) for the less developed countries. The concept had much success in the context of the developed world. The less developed countries, however, present a scenario where power and social structures present a challenging task for LED to be effective.