Literature on Local Economic Development has been growing tremendous in the last few years. Various methods has been established and exercised in the creation of local competitive advantage. Local Competitive Advantage (LoCA) is another name for Participatory Appraisal of Competitive Advantage (PACA. It is meant as breakthrough to start Local Economic Development. This book analyses how LoCA, which was regarded as an external factor in stakeholder integration and trust building, facilitates the creation of trusts among local economic stakeholders, types of trust being established and the dynamics of Local Economic Development based on case study in Srilanka. Student in Local or Urban Economic Development will find this book useful in understanding the contested idea of the corellation between trust and Local Economic Development performance. Further, the unique emprical case study presented in the book should shed a light for professionals to understand more the debate whether small striving efforts at grass root level for Local Economic Development is a way to achieve competitive advantage or it is more a strategy of poverty alleviation.