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This book provides an overview of recent advances in Integrated Community-Managed Development (ICMD) as an innovative strategy for the community-based development of local institutions in order to achieve lasting poverty reduction and empowerment. The original approach presented here to improving the lives and livelihoods of the poor takes a critical stance on the failing concept of conventional community development, as it is based on the shifting paradigm of 'bottom-up' cooperation and development, where recent regional autonomy policies are enabling national services to successfully integrate with local institutions at the community level. Based on recent experiences in South-East Asia, where the implementation of an alternative approach to integrating financial, medical, educational, communication and socio-cultural services has led to increased community participation and impressive poverty reduction, the book highlights the theoretical, methodological and practical aspects of this innovative strategy. The potential offered by applying the newly developed 'ICMD formula' worldwide as a function of themes, principles and services is reflected in the book's diverse range of contributions, written by respected researchers and practitioners in the fields of development economics and financial management.