Majority Science Journal
Vol. 3 No. 2 (2025): MSJ-MAY

Local Economic Empowerment: A Strategy to Reduce Economic Inequality in Regions

harsono, Iwan (Unknown)
Pasalbessy, Victor F (Unknown)
Latuheru, Anita (Unknown)



Article Info

Publish Date
26 May 2025

Abstract

This study aims to analyze local economic empowerment strategies as an effort to reduce this gap. The method used is the Systematic Literature Review (SLR) with a study of related literature over the past five years. The results of the study indicate that strengthening Micro, Small, and Medium Enterprises (MSMEs), developing a creative economy based on local potential, and empowering farmer groups, fishermen, and cooperatives are effective strategies in increasing community productivity and income. Multi-party synergy involving local governments, communities, NGOs, the private sector, and academics, together with inclusive policies, training, access to financing, and infrastructure development, are the keys to successful empowerment. However, there are still obstacles such as limited access to capital, low digital literacy, and infrastructure inequality that need to be addressed. This study recommends strengthening sustainable policies, increasing human resource capacity, expanding access to financing, and developing strategic partnerships to support local economic empowerment. Thus, local economic empowerment can be an effective solution in reducing economic inequality and encouraging equitable and inclusive regional development

Copyrights © 2025






Journal Info

Abbrev

msj

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice

Description

MSJ : Majority Science Journal is a scientific journal that is published periodically every 3 months which contains various scientific articles as a result of research. MJS is a multidisciplinary journal published by PT Hafasy Dwi Nawasena in collaboration with several lecturers to contribute to ...