The Importance Of Regional Strategies In Rural Economic Development

The report highlights the diverse challenges facing rural areas, their unused potential, and the inability of sectoral policy alone to address these challenges.

Many rural areas in the United States find themselves struggling to build local assets and create wealth, and, when this wealth is created, they often struggle to hold on it. Previous approaches to community and economic development have been inadequate in attempting to reverse these trends. Shifting to a new way of enabling economic development requires supporting innovative community leaders as they explore new ways of approaching the task at hand. It also requires thinking anew about the role of rural areas, based on valuing multiple forms of wealth – natural, social, and human. There is a real need for an approach that can help stem the potential loss of existing wealth, and attract new investment that will allow rural areas to become valued partners in regional economies. This book provides an important insight into rural wealth creation as a sustainable economic development strategy. At the same time, a number of compelling issues are raised that merit future research effort and discussion. This book was originally published as a special issue of Community Development.

Focusing on the demands of the new innovative, sustainable and inclusive rural development paradigm, the monograph raises the discussion regarding new approaches and success factors that are vital in current rural socio-economic development and policy transformations. The bottom-up policymaking, self-organization, creative use of knowledge in rural areas, and many other rural innovations are aligned in this book with new social movements’ theories, which help disclose, explore and explain the rural development paradigm shift. Rural development forces of the 21st century center on the agents of change - rural population, and, surprisingly - urban population(!), and the political debate concerning EU Common Agricultural Policy and European Green Deal, illustrated with multiple case studies. This book will be of interest to a broad audience of readers, keen on scientific, political, and practical issues of innovations in rural areas and their future development pathways. The monograph is authored by a team of scholars from the Lithuanian Centre for Social Sciences, Institute of Economics and Rural Development, Department of Rural Development.

With the larger role that the agricultural sector plays in the Eastern Europe and Central Asian (ECA) region, emphasis must be placed on the sector's sustained growth and prosperity. The Bank strategy for rural development in the ECA region during the early phase of transition emphasized the reform of agricultural policies and assistance in privatizing, restructuring, and rebuilding agriculture and agro-industrial complexes. In retrospect, it can be seen that the ECA countries concerned made the right choice when they set their objective to transform their socialized agriculture into a private-ownership and market-based system. Given the developments of the past decade, it is clear, however, that the initial expectations for the outcomes of such reforms were overly optimistic. The transition process in agriculture is far more complex than originally envisaged by both the countries themselves and the international community, including the Bank. Increased social problems and alarming growth of poverty have added a new, unexpected, dimension to the transition process. As the analysis indicates, the region's rural economy is still struggling to adjust to new economic realities, and this will require further refinement and adjustment of the Bank's approach as well. This volume, based on an overview of recent regional developments, summarizes the revised World Bank assistance strategy for rural development in the ECA region.

This book discusses the future of rural development and the recognition of the growing importance of 'place-based economies' where the unique attributes and assets of individual places determine their attractiveness for particular types of activities and investments. New understandings of competitiveness and conceptualizations of a new economy underline the importance of making strategic investments in community infrastructure. Doing things, at the local and regional scales, matters and not doing things has consequences. Topics include seasonal economies, amenity migration, IT industries, green energy and transportation developments.

This book is a handy reference guide to the regional policies of OECD countries and a broader analysis of trends in regional policies, based on sound, comparable information.

Monograph on problems of rural areas poverty and the urban areas crisis and the need for regional planning programmes in the USA - covers geographical aspects, the economic structure, urbanization and the prospect for economic growth, rural migration, labour mobility, the promotion of industrialization in rural areas, labour demand and labour supply, human resources planning, educational planning (incl. In respect of vocational training), etc. Bibliography pp. 313 to 323.