Abstract (EN):
In this article it is proposed the establishment of a local funding system. This
initiative, besides its strictly economic objective, is aimed to involve residents
in local development investments through the participation in these funds,
stimulate creative urban ideas, and develop a feeling of legitimated
individual participation in the city development.
However, much has to be done in what concerns law and urban
regulations, as well as administrative coordination in order to assure this
financial system to be a success not only for the local-area residents, but
also to the city as a whole.
Language:
English
Type (Professor's evaluation):
Scientific
No. of pages:
11