The Development Directions of Sustainable Diversification- oriented Economy of Rural Territories

Abstract

Purpose: the study aims to prioritize development directions of diversification processes in rural territories in line with their resource potential. Discussion: the key idea of the article lies in the statement that diversification processes of agrarian economies are to be effectively implemented in line with social, economic, natural and resourceful potential of rural territories aimed at the rural life maintaining and region’s territory managing, the prestige growth of farming labour and rural life on the whole, and the solution to the problem of food security solving. Results: the article deals with the analysis of social and economic development of the Lipetsk region’s rural territories and municipal entities that justifies the strategic need for rural territories’ economic diversification aimed at the cumulative resource potential growth of the region. The authors present diversification directions of rural territories’ economic development and further ways of their diversification potential building in line with the region’s social and economic problems revealed in the research.