DIVERSIFICATION OF THE ECONOMY OF MOUNTAIN AREAS AND DEVELOPMENT OF SOCIAL INFRASTRUCTURE: THEORETICAL ASRECT

Keywords: diversification, mountain areas, development, region, strategy, social infrastructure

Abstract

The article analyzes the theoretical aspects of diversification as an economic phenomenon in modern times, examines the main concepts from the point of view of their effectiveness in stimulating the development of the economy of mountain areas. The importance of the development of social infrastructure is emphasized as one of the key factors in the successful diversification of the region's economy. The introduction highlights the importance of mountain areas as a source of natural resources and natural landscapes, and also emphasizes the economic vulnerability of these regions due to limited industrial specialization. Diversification of the economy is proposed as a strategy to reduce risks and create conditions for sustainable economic development. The first part of the article analyzes in detail the theoretical approach to the diversification of the economy of mountain areas. Various interpretations of economic diversification as a factor of social and economic development of the region have been presented. The second part examines the theoretical approach to the development of social infrastructure in mountainous areas. The author notes that the social infrastructure of the region is the diversification potential of industries that satisfy the social needs of the population. Many types of activities are associated with diversification, which exert an active influence on both the process of material production and the state of the social sphere, that is, on the multifaceted aspects of human life. The main element of the social sphere is the social infrastructure, the progressive development of which is one of the main goals of the regional development strategy. The conclusions emphasize the importance of diversifying the economy and improving social infrastructure to ensure the sustainable development of mountain areas. The author sees these approaches as a basis for developing effective strategies that will help regions achieve successful economic transformation and improve the quality of life of the population. However, the active participation of the state, local authorities and the business community is necessary for the practical implementation of these approaches and the achievement of positive results in the development of mountain areas.

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Published
2023-07-25
How to Cite
Feier, A. (2023). DIVERSIFICATION OF THE ECONOMY OF MOUNTAIN AREAS AND DEVELOPMENT OF SOCIAL INFRASTRUCTURE: THEORETICAL ASRECT. Economy and Society, (53). https://doi.org/10.32782/2524-0072/2023-53-19