Open AccessVidékgazdaság, kultúra, lokalizáció
Author(s) -
Krisztián Kis
Publication year - 2014
Publication title -
jelenkori társadalmi és gazdasági folyamatok
Language(s) - English
Resource type - Journals
eISSN - 2676-9867
pISSN - 1788-7593
DOI - 10.14232/jtgf.2014.1-2.9-28
Subject(s) - globalization , restructuring , endowment , economic geography , rural area , resource (disambiguation) , economic system , asset (computer security) , capital (architecture) , business , development economics , economics , economic growth , geography , market economy , political science , computer network , computer security , archaeology , finance , computer science , law
Local economic conditions in rural areas are the outcome of processes that are an interplay of local and global forces. In this frame, economic performance of rural regions will depend on local responses, that are determined by the endowment of local resources. Commentators tend to agree that nontraditional (intangible or immaterial) resources are becoming increasingly important in social and economic development takes place in rural areas. An increasing body of literature stresses that local culture, as an intangible resource or capital asset is the major determinant of the pattern pursued by local economies of rural areas. This paper focuses on local culture - and its relation to rural (economic) restructuring - that play a crucial role in responding to the global forces originate from the current globalization process. In this approach, local culture is the major differentiating factor among rural economies, which may facilitate or hinder the rural economy's adaptation to globalization.