Local/Regional Economic Development in South ... - Value Chains
Local/Regional Economic Development in South ... - Value Chains
Local/Regional Economic Development in South ... - Value Chains
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creas<strong>in</strong>gly <strong>in</strong>terest<strong>in</strong>g for foreign direct <strong>in</strong>vestment <strong>in</strong> the<br />
tourism sector. International <strong>in</strong>vestors have already signaled<br />
great <strong>in</strong>terest <strong>in</strong> participat<strong>in</strong>g <strong>in</strong> the development of<br />
tourism, and <strong>in</strong>itial agreements with coastal municipalities<br />
have been signed.<br />
Lesson learned and key recommendations for similar<br />
projects<br />
The extremely complex <strong>in</strong>ter-<strong>in</strong>stitutional and <strong>in</strong>terdiscipl<strong>in</strong>ary<br />
nature of coastal management, <strong>in</strong>volv<strong>in</strong>g a multiplicity<br />
of relevant m<strong>in</strong>istries, government <strong>in</strong>stitutions,<br />
coastal municipalities, etc. with very different <strong>in</strong>terest and<br />
objectives, requires an extraord<strong>in</strong>ary degree of negotiat<strong>in</strong>g<br />
skill, an <strong>in</strong>ter-discipl<strong>in</strong>ary team, and patience. A project<br />
term of at least five years with a budget of at least EUR<br />
3 million is advisable.<br />
Prepar<strong>in</strong>g strategies/plans as steer<strong>in</strong>g and regulative <strong>in</strong>struments<br />
can only be a means to an end. Early and cont<strong>in</strong>ual<br />
contact with potential (tourism) <strong>in</strong>vestors is thus recommended,<br />
<strong>in</strong> order to facilitate timely implementation of<br />
strategies with visible results.<br />
Contact<br />
Thomas Waldraff, GTZ OE 3112 Montenegro<br />
thomas.waldraff@gtz.de<br />
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