Capital Convertibility: Empowerment Strategy For Micro-Entrepreneurs In Babelan Village, North Bekasi Regency
DOI:
https://doi.org/10.57185/joss.v2i11.176Keywords:
Village development, Convertibility, Capital ConvertibilityAbstract
This study examines capital convertibility in Huripjaya Village, Babelan District, North Bekasi Regency. Capital convertibility refers to the ability of capital or economic resources to switch between forms or sectors to improve people's welfare. The main objective of this study is to analyze the dynamics of capital convertibility, the factors that influence it, and its impact on village development. The research method used is a combination of literature studies, field observations, and interviews with key stakeholders in Huripjaya Village. The results showed that the convertibility of capital in this village was influenced by internal and external factors, including geographical conditions, natural resources, institutions, and regional economic development. Factors such as economic diversification, the role of microfinance institutions, and community involvement in local decision-making play an important role in increasing capital convertibility. In addition, the existence of community economic training and education programs was also identified as a factor that contributed positively to economic structural changes in Huripjaya Village. In the context of development impacts, this study presents findings that increasing capital convertibility can make a significant contribution to improving the welfare of rural communities. This can be seen from the increase in population access to better health services, education, and infrastructure. This research provides valuable insights for policy makers, local governments, and other relevant parties to design more effective and sustainable development strategies at the village level.
Published
Issue
Section
License
Copyright (c) 2023 Wimba Wisesa, Robert M.Z Lawang
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International. that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.