The significance of territorial capital for rural development in the knowledge economy

The paper analyses the significance of territorial capital and continuity of rural revitalisation based on knowledge and creativity. It points to necessity of overcoming unfavorable economic and social structure of rural regions in Serbia which demand economic and social modernisation, considering e...

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Main Author: Kvrgić Goran
Format: Article
Language:English
Published: University Dzon Nezbit 2018-01-01
Series:Megatrend Revija
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/1820-3159/2018/1820-31591803055K.pdf
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spelling doaj-46ede8fc703e4b90a4499a2b81f896b12020-11-25T02:18:41ZengUniversity Dzon NezbitMegatrend Revija1820-31592560-33292018-01-0115355681820-31591803055KThe significance of territorial capital for rural development in the knowledge economyKvrgić Goran0Univerzitet 'Union - Nikola Tesla', Fakultet za menadžment, Sremski KarlovciThe paper analyses the significance of territorial capital and continuity of rural revitalisation based on knowledge and creativity. It points to necessity of overcoming unfavorable economic and social structure of rural regions in Serbia which demand economic and social modernisation, considering endogenous factors of development. Therefore, the aim of research is to emphasize that successful rural development demands such functioning of all endogenous resources which provide sustainable innovative development, including complex structures of institutional, organisational, and technical technological changes in economy and society. The viewpoint that economic-social development is created in local communities implies that it is defined not only by natural potentials and resources but also by their mutual complementarity with creative activities and institutional ambience for successfully managing the process of revitalization of rural regions. The models of encouragement of rural economy and examples of good practice in creative entrepreneurship in this sector are also the subject of consideration. The results of research show that new strategies of rural development in the conditions of dynamic development of science, knowledge, technical-technological innovations, creativity and entrepreneurship are inevitable, while the growth and development depend on proactive reaction to outer and inner challenges. The first section of the paper points to the significance of territorial capital and creative entrepreneurship for the concept of rural development based on knowledge. In the second section of the paper, various approaches to rural revitalization are considered through the activities which are basically important in economic transformation and quality of social life in rural areas. The third section presents the concept of territorial capital and significant factors of rural economy, while the fourth section shows the examples of good practice of interdependence of innovations and benefits of the local environment.https://scindeks-clanci.ceon.rs/data/pdf/1820-3159/2018/1820-31591803055K.pdfrural developmentterritorial capitalcreative entrepreneurshipknowledge economy
collection DOAJ
language English
format Article
sources DOAJ
author Kvrgić Goran
spellingShingle Kvrgić Goran
The significance of territorial capital for rural development in the knowledge economy
Megatrend Revija
rural development
territorial capital
creative entrepreneurship
knowledge economy
author_facet Kvrgić Goran
author_sort Kvrgić Goran
title The significance of territorial capital for rural development in the knowledge economy
title_short The significance of territorial capital for rural development in the knowledge economy
title_full The significance of territorial capital for rural development in the knowledge economy
title_fullStr The significance of territorial capital for rural development in the knowledge economy
title_full_unstemmed The significance of territorial capital for rural development in the knowledge economy
title_sort significance of territorial capital for rural development in the knowledge economy
publisher University Dzon Nezbit
series Megatrend Revija
issn 1820-3159
2560-3329
publishDate 2018-01-01
description The paper analyses the significance of territorial capital and continuity of rural revitalisation based on knowledge and creativity. It points to necessity of overcoming unfavorable economic and social structure of rural regions in Serbia which demand economic and social modernisation, considering endogenous factors of development. Therefore, the aim of research is to emphasize that successful rural development demands such functioning of all endogenous resources which provide sustainable innovative development, including complex structures of institutional, organisational, and technical technological changes in economy and society. The viewpoint that economic-social development is created in local communities implies that it is defined not only by natural potentials and resources but also by their mutual complementarity with creative activities and institutional ambience for successfully managing the process of revitalization of rural regions. The models of encouragement of rural economy and examples of good practice in creative entrepreneurship in this sector are also the subject of consideration. The results of research show that new strategies of rural development in the conditions of dynamic development of science, knowledge, technical-technological innovations, creativity and entrepreneurship are inevitable, while the growth and development depend on proactive reaction to outer and inner challenges. The first section of the paper points to the significance of territorial capital and creative entrepreneurship for the concept of rural development based on knowledge. In the second section of the paper, various approaches to rural revitalization are considered through the activities which are basically important in economic transformation and quality of social life in rural areas. The third section presents the concept of territorial capital and significant factors of rural economy, while the fourth section shows the examples of good practice of interdependence of innovations and benefits of the local environment.
topic rural development
territorial capital
creative entrepreneurship
knowledge economy
url https://scindeks-clanci.ceon.rs/data/pdf/1820-3159/2018/1820-31591803055K.pdf
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