The Concept of Territorial Capital: A Revolution or an Evolution in the Perspective of Local and Regional Development?

The purpose of the article is to theoretically analyse the nature and characteristics of territorial capital. The article examines the conceptual framework of this notion to identify its originality and added value. The applied research method is literature review. The concept of territorial capital...

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Main Author: Aleksandra Nowakowska
Format: Article
Language:English
Published: University of Warsaw, Centre for European Regional and Local Studies (EUROREG) 2024-10-01
Series:Studia Regionalne i Lokalne
Subjects:
Online Access:https://studreg.uw.edu.pl/en/archive,koncepcja-kapitalu-terytorialnego-rewolucja-czy-ewolucja-spojrzenia-na-rozwoj-lokalny-i-regionalny
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author Aleksandra Nowakowska
author_facet Aleksandra Nowakowska
author_sort Aleksandra Nowakowska
collection DOAJ
description The purpose of the article is to theoretically analyse the nature and characteristics of territorial capital. The article examines the conceptual framework of this notion to identify its originality and added value. The applied research method is literature review. The concept of territorial capital amalgamates numerous findings from endogenous approaches to development. Its originality derives from a holistic and complementary perspective on territorial resources, which give rise to new development trajectories and foster territorial specificity. This concept emphasises the significance of network relationships and the intangibility of resources, along with their embeddedness. It highlights the importance of place specificity and territorial capabilities in creating new values and resources. It forms the basis for place-based development policy.
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publishDate 2024-10-01
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spelling doaj-art-60d245e3aa374f79a757c026ed8ddc3e2024-11-17T09:03:57ZengUniversity of Warsaw, Centre for European Regional and Local Studies (EUROREG)Studia Regionalne i Lokalne1509-49952719-80492024-10-01296496010.7366/1509499529604The Concept of Territorial Capital: A Revolution or an Evolution in the Perspective of Local and Regional Development?Aleksandra Nowakowska0https://orcid.org/0000-0002-2912-4934Uniwersytet Łódzki, Instytut Gospodarki Przestrzennej, Katedra Gospodarki Regionalnej i Środowiska, ul. P.O.W. 3/5, 90–255 Łódź, PolskaThe purpose of the article is to theoretically analyse the nature and characteristics of territorial capital. The article examines the conceptual framework of this notion to identify its originality and added value. The applied research method is literature review. The concept of territorial capital amalgamates numerous findings from endogenous approaches to development. Its originality derives from a holistic and complementary perspective on territorial resources, which give rise to new development trajectories and foster territorial specificity. This concept emphasises the significance of network relationships and the intangibility of resources, along with their embeddedness. It highlights the importance of place specificity and territorial capabilities in creating new values and resources. It forms the basis for place-based development policy.https://studreg.uw.edu.pl/en/archive,koncepcja-kapitalu-terytorialnego-rewolucja-czy-ewolucja-spojrzenia-na-rozwoj-lokalny-i-regionalnyterritorial developmentterritorial capitalplace-based policyendogenous developmentcohesion policy
spellingShingle Aleksandra Nowakowska
The Concept of Territorial Capital: A Revolution or an Evolution in the Perspective of Local and Regional Development?
Studia Regionalne i Lokalne
territorial development
territorial capital
place-based policy
endogenous development
cohesion policy
title The Concept of Territorial Capital: A Revolution or an Evolution in the Perspective of Local and Regional Development?
title_full The Concept of Territorial Capital: A Revolution or an Evolution in the Perspective of Local and Regional Development?
title_fullStr The Concept of Territorial Capital: A Revolution or an Evolution in the Perspective of Local and Regional Development?
title_full_unstemmed The Concept of Territorial Capital: A Revolution or an Evolution in the Perspective of Local and Regional Development?
title_short The Concept of Territorial Capital: A Revolution or an Evolution in the Perspective of Local and Regional Development?
title_sort concept of territorial capital a revolution or an evolution in the perspective of local and regional development
topic territorial development
territorial capital
place-based policy
endogenous development
cohesion policy
url https://studreg.uw.edu.pl/en/archive,koncepcja-kapitalu-terytorialnego-rewolucja-czy-ewolucja-spojrzenia-na-rozwoj-lokalny-i-regionalny
work_keys_str_mv AT aleksandranowakowska theconceptofterritorialcapitalarevolutionoranevolutionintheperspectiveoflocalandregionaldevelopment
AT aleksandranowakowska conceptofterritorialcapitalarevolutionoranevolutionintheperspectiveoflocalandregionaldevelopment