Open AccessTHEORETICAL AND METHODOLOGICAL BASIS OF FORMATION OF THE CONCEPT OF INVESTMENT PROVISION OF SUSTAINABLE DEVELOPMENT OF RURAL AREAS
Author(s) -
Оleksii Zoria,
Tetiana Bardina,
Svitlana Zoria
Publication year - 2021
Publication title -
pričornomorsʹkì ekonomìčnì studìï
Language(s) - English
Resource type - Journals
eISSN - 2524-0900
pISSN - 2524-0897
DOI - 10.32843/bses.63-19
Subject(s) - sustainable development , rural area , dynamism , harmony (color) , sustainability , business , rural management , rural sociology , economic system , economic growth , environmental planning , environmental resource management , economics , agriculture , geography , political science , rural development , ecology , art , physics , archaeology , quantum mechanics , law , visual arts , biology
The article develops the theoretical and methodological foundations for the formation of the concept of investment support for sustainable development of rural areas in terms of institutional transformations. It is determined that the systemic idea of rural areas as a territorial and social system, allows us to consider them as a socio-ecological-economic system in the context of the following structural components: agroecosystems, economic and socio-mental space. It has been established that sustainable development is possible on the basis of an integrated approach that takes into account the close relationship between the economic, environmental and social components of rural areas. Rural areas develop in a certain natural environment, in close connection with the urban territorial subsystem and under the influence of the global economic system. The dynamism and sustainability of rural development depend not only on the external environment, but also on achieving a balance of their economic, social and environmental components, which is ensured by adhering to the principles of complexity, coherence, balance and harmony. The methods of management of sustainable development of rural areas used in modern economic science and practice are caused by features of the last, and also the factors influencing activity of investments in the conditions of a countryside. All this requires a variety of applied management tools, the cumulative effect of which should ensure sustainable development of rural areas, stabilization of agricultural production, stop the outflow of migration from rural areas to cities and abroad, improve living standards in rural areas. Based on the provisions of economic theory on the nature of investment and current legislation, the article reveals the following features of investing in sustainable rural development. It is noted that sustainable development of rural areas is possible only with sufficient and effective investment support based on a combination of efforts of state and local authorities, local communities, businesses, investment strategy, improving public investment policy and implementing an appropriate mechanism for its implementation.