Rurality: the impact of social capital

Rurality and the development of vital, vibrant and viable rural economies is potentially a major dilemma for the future use of available land in terms of loss of the productive heart of an economy. Urbanisation has now reached to a level where globally more people live in urban environments than in...

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Bibliographic Details
Main Author: MacAskill, James
Format: Conference Proceeding
Language:English
Subjects:
Economic development
Employment
Equilibrium
Hypotheses
Market economies
Migration
Rural areas
Rural development
Social capital
Studies
Urbanization
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Summary:Rurality and the development of vital, vibrant and viable rural economies is potentially a major dilemma for the future use of available land in terms of loss of the productive heart of an economy. Urbanisation has now reached to a level where globally more people live in urban environments than in rural. In more developed regions this is projected to reach 80% and above. This paper explores the Harris-Todaro migration model and its interpretation during economic recessions and thus the potential to reverse the traditional march towards urbanization. A key element of this hypothesis is the role of social capital and the ability to develop or more effectively harness existing social capital parameters to raise the level of investment, opportunity and lifestyle potential of rural economies over the next 50 years. It also re-assesses the potential consequences of social capital development in the transformation of rural economies through its impact on the relative nature of poverty between urban and rural environments.
ISSN:2344-0201