The purpose of the study reviewed the dynamics of new and open regionalism in Asia and the Pacific regions. It was highlighted that both in the Asia Pacific and Latin America, there is considerable confusion and ambiguity surrounding the notion of what “New Open Regionalism” is all about, which questions the relevance for practical purposes. The research approach primarily reviews various relevant literature in the field of study. Studies indicated that with few institutional or government-led initiatives, Asia's rapid economic expansion offered a strong basis for intra-regional trading and investment flows as well as inter-firm linkages. In terms of originality, No study has looked at the dynamics and the many uses and conceptions of the idea and investigated the contexts in which the concepts of "openness" and "regionalism" clash. For the implications, the article clarifies the possible relationship with both open regionalism and regional integration before asking under what...
Category - Andrew ENAIFOGHE
University of Zululand, South Africa, ORCID: 0000-0003-4890-9179
The objective of this paper was to explore the sustainability of local economic development through entrepreneurship in South Africa. Local economic development (LED) should be the responsibility of everyone, including local people, business owners, and the government. LED is widely seen as the panacea to increased quality of life, unemployment, poverty, and inequalities, mainly in developing nations. LED research is a relatively new topic, and policy development, planning processes, and implementation plans are continually changing with numerous alternative ideas and techniques. The study acknowledged South Africa to be a resource-rich country with incredible development potential. South Africa, on the other hand, can do a lot better to encourage entrepreneurs and small and medium-scale businesses at the grassroots level, by preparing citizens with the needed skills to contribute to economic development because effective leadership, institutions, and entrepreneurship all play...
