Sustainable Economic Management Strategy in Improving Community Welfare in Rural Areas

Abstract

This research investigates sustainable economic management strategies to improve rural community welfare. By employing a mixed-methods approach, the study combines quantitative surveys and qualitative interviews to explore the effectiveness of various sustainable practices, such as organic farming and community-based tourism, in enhancing economic resilience and income levels among rural residents. The findings reveal a significant correlation between adopting these strategies and a reported average income increase of 30%, demonstrating the potential of sustainable practices to provide viable alternatives to traditional agricultural methods. Additionally, qualitative data highlights the importance of community engagement and participatory approaches, which foster a sense of ownership and strengthen social cohesion. The study also identifies key barriers to implementation, including limited access to financial resources and inadequate training, emphasizing the need for targeted interventions and collaborative efforts among stakeholders. These insights contribute to the existing literature on rural economic development by bridging theoretical frameworks with practical applications. Ultimately, the research underscores the necessity of sustainable economic management strategies for enhancing the quality of life in rural areas and offers recommendations for future studies to explore long-term impacts and context-specific solutions further.