Cultural Capital and Local Development: Community Economic System in the New Normal Era

Abstract

This article aims to study the community economic system in the new normal era by studying from various related theories. It was found that the establishment of community areas as the center of development has a direct impact on sustainable economic development in the new normal era. In particular, community areas with plural characteristics must accept diversity. In other words, any community area that is a multicultural society will create a living cultural community, which directly impacts the sustainable development of the community together. This is because that community has diverse cultural capital, leading to the formation of a community network that exchanges knowledge and local wisdom in a tangible way. This makes the community economic system that occurs develop local cultural capital into a way of life that is continuously practiced and passed down, leading to the sustainable development of the community economic system in the new normal era.