This chapter analyses Roland Warren's second function required for a community to be effective — economic wealth. It begins by separating out different strands or types of community economic development. It then examines the situation in central and eastern Europe, providing three case studies, before discussing the connections between community economic development and community development. This leads to an examination of two community economic development approaches that have widespread support in the UK — social entrepreneurship and asset-based community development. The chapter ends by summarizing underlying theories of community economic development.
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