Resilience of Territories in a Competitive Economic Environment

S.G. Vazhenin(svazhenin@mail.ru) and I.S. Vazhenina(isvazhenina@mail.ru)

Journal "Region: Economics and Sociology", 2015, vol. 2

Abstract: The article presents an authors’ interpretation of the resilience and vulnerability of the territory in a competitive economic environment. A promising method to classify possible failures and other destructive situations is creating vulnerability maps of the territories. A conclusion is made based on the sociological survey conducted by the authors: in order to reduce the vulnerability and increase the resilience of the territories, it is necessary to maximize competitive cooperation between the territories. As one of the mechanisms to raise the resilience of the territories, the authors propose a program of agro-industrial clustering. It is shown that the resilience of the territories directly depends on the institutional environment for business in the region, the mobility of the economy in this territory, and the reputation of the territory in a competitive economic environment

Keywords: resilience and vulnerability of the territory; competitive cooperation; agro-industrial clustering; trust; mobility of the economy (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:nos:regioe:2015-2_9

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