Endogenous development. Theories and policies of territorial development

Endogenous development is an interpretation that includes different points of view which share the same theoretical and policy patterns. It is a territorial approach to development that refers to growth and capital accumulation processes of territories that have their own culture and institutions, upon which investment decisions are made. From this perspective, endogenous development policy is the local actors answer to the challenge of globalization. The paper argues that endogenous development theory integrates and gives cohesion to different views of development, such as self-centred development, human development, sustainable development or bottom-up development.