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Diversification of Economic Activities and Sustainable Development of Rural Areas: The Case of the Novi Sad, Serbia

Diversification of Economic Activities and Sustainable Development of Rural Areas: The Case of the Novi Sad, Serbia
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Author(s): Predrag Miroslav Vuković (Institute of Agricultural Economics, Serbia)and Biljana Grujić (Institute of Agricultural Economics, Serbia)
Copyright: 2020
Pages: 22
Source title: Handbook of Research on Agricultural Policy, Rural Development, and Entrepreneurship in Contemporary Economies
Source Author(s)/Editor(s): Andrei Jean Vasile (Petroleum-Gas University of Ploiesti, Romania & Romanian Academy, National Institute for Economic Research “Costin C. Kiriţescu”, Romania), Jonel Subic (Institute of Agricultural Economics, Serbia), Aleksander Grubor (University of Novi Sad, Serbia)and Donatella Privitera (University of Catania, Italy)
DOI: 10.4018/978-1-5225-9837-4.ch009

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Abstract

The current employment structure in rural areas of Serbia is the result of an insufficiently diversified economic structure, highly dependent on the primary sector and the exploitation of natural resources. The main problems of rural areas are: lack of employment opportunities, high dependence on agriculture, and declining quality and availability of basic services and infrastructure. These problems result in a decrease in the attractiveness and quality of rural areas as a place of work and life, demographic decline, and employment reduction in rural areas. Non-agricultural activities contribute to a higher degree of diversification of rural economy, and represent a chance for revitalization of rural areas. This chapter points out the prospects for the development of other profitable activities at Novi Sad's rural areas with a special emphasis on rural tourism in the context of the concept of sustainable development. Expectations are that such an approach would create conditions for rural areas to become attractive for the life of local residents and also for tourists.

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