Territorial governance as synergic capital in the development of local latin american production systems

Abstract

Based on the recognition of the challenges that have led to a paradigmatic shift in the logic of managing territorial development strategies and the theoretical assumptions generated around it, this study delved into the understanding of territorial governance in Latin American contexts by analyzing the intangible capitals present in local productive systems. The hypothesis was that a positive cohesion of these capitals in a governance scheme would allow for the activation of development processes in the system. After a critical and analytical investigation of the theoretical postulates and available experiences, it was concluded that governance, as a management model, is key to stabilizing intangible capitals in complex productive systems such as those in Latin America. The activation of synergistic capital in these systems is hindered by constant "short circuits," so strengthening these capitals through collaborative governance is essential to improve coordination and transparency in decision- making and thus generate territorial development processes.