Endogenous Development

Gabith Miriam Quispe

Gil Ramón, Boada Antonio & Alzate Isabel

María Elena Rodríguez Urbaneja

Jaime Puertas Acosta

Endogenous development is a process that entails transformation and productive differentiation whose main idea is that each community has been constituted according to its links of interests, building a cultural identity which makes them differentiate one from another, therefore a community can take advantage its resources thus finding to satisfy its needs and solving all its problems, supporting the productive development of a country (Quispe, 2016)

Endogenous development is the ability to transform a socio-economic system, being

able to face challenges that arise, with the support of society and government, carrying out community projects in such a way that the resources required for execution are the same. community, thus achieving innovation at the local level, launching an internal development model which can satisfy the community (Gil, Boada, & Alzate, 2018) .

It plays a relevant role in the processes of economic progression, since it acts as a catalyst for the mechanisms of accretion, which act after the accumulation of capital, through local initiatives, in addition to facilitating business advancement and the creation of business networks, promoting the diffusion in innovation, thus improving urban progress, the endogenous development policy works in combination on all the mechanisms that sustain productivity (Rodriguez, 2016)

Endogenous development can be analyzed from different points of view, one of them is how evolutionary endogenous development has, which is presented as a process to accumulate capital and technology, the strategic aspect of endogenous development is understood as an alternative of local initiatives to the problems that globalization externalizes and the third of the cultural panorama because it is based on the capacities and creativity of man (Puertas, 2016)