Economic and Legal Aspects of the Preservation and Enhancement of the Historical and Cultural Potential of Rural Areas

The historical and cultural potential of rural areas is a factor of their sustainable development due to the possibility of forming local social capital on its basis, the growth of individual and public welfare, job creation, the preservation and evolution of economic structure, and the support of ecological balance and biodiversity. The difficulty of adequately reflecting the value of historical and cultural potential with the help of market instruments requires the improvement of public administration mechanisms and coordination of actions for its effective realization. The author analyzes the activities of public authorities and local self-government bodies of Krasnodar Krai in the sphere of ensuring the protection of historical and cultural monuments identified within the boundaries of agricultural land. It is established that compensation of damage from the destruction of monuments at the expense of the local budget does not entail legal consequences for the beneficiary who carries out works on such lands. The economic and legal aspects of bureaucratic rent-seeking by representatives of local administration bodies are disclosed. Proposals were developed for municipal and regional authorities to apply additional administrative and indirect measures to regulate the economic activities of commodity producers in order to preserve and increase the historical and cultural potential of rural areas; potential costs and benefits for the local community in their implementation were determined.