Among two model of regional development, applied in Canada, the place-based model can be assumed more effective from the previous experience in Canada than urban-industrial and manufacturing model for regional development.
Place-based model –
- supports maximum utilization of local capacity and resources
- develops leadership
- improves social capital
- Makes capable a region to find its own solution for its own problems
- Ensures participation of local people
- Focuses on social, cultural and environmental well-being of a region with the economic well-being
- Provides opportunity for public-private partnership
