Sustainable Growth and Development of Economic Systems


Book Description

This contributed volume presents the outcomes of multidisciplinary studies on the problem of sustainable economic development. The key issues addressed here are economic transformation, crisis management, formation and implementation of industrial policy in the innovative economy, and the development of individual industries (oil refining, transport, education, tourism, the financial sector, etc.), as well as the problem of resistance to changes in the economy. Special attention is paid to economic growth under unstable conditions and the impact of digitalization on the development of economic processes. This book is dividided into five parts, the first of which deals with factors and conditions determining the sustainable development of different socio-economic systems, as well as issues in connection with the post-crisis development of regional economies. In turn, the second part is devoted to an analysis of the innovative development of the economy, risk assessment for innovation projects, readiness for changes and innovations, and various instruments of innovative economic development. Prospects for the digitalization of the economy and the current changes in economic systems caused by digitalization are considered in the third part of the book. In the fourth part, the authors discuss the specific features of labor market development, and professional competencies that will be essential to the sustainable development of the economy. In closing, the fifth part presents sectoral and intra-organizational aspects of sustainable economic development.




Sustainable Development


Book Description




Evolutionary Dynamics and Sustainable Development


Book Description

This work offers an approach to socio-economic systems which emphasizes their evolutionary nature. Economic development is shown as a process of structural change. The discussion in the book includes the use of decision tools which can simultaneously handle spatial and temporal evolution.




Balanced Growth


Book Description

What is balanced growth? This book shows that the definitions and implications of the concept of balanced growth vary significantly among the different disciplines in economic science, but are not exclusive at all. Terms such as sustainability or balanced growth have become buzzwords. In practice, they are often a desirable vision rather than an achievable objective. Why? Doubts may arise about the extent to which such concepts are compatible with a modern market economy. Is balanced growth possible at all? Is it reasonable to accept balanced growth as a norm? Why should a balanced growth path be a desirable strategy to pursue for policymakers, managers, employees, and other societal stakeholders? Empirical evidence suggests that the actual worldwide economic growth is not balanced at all. Meanwhile, ever since the beginning of the financial and economic crisis in 2007 and its accompanying spillover effects, our globalizing world has uncompromisingly shown the flip side of its coin. Its crisis-prone character has intensified the discussion about our economic system’s sustainability. Questions related to acceptable sovereign debt levels, suitable trade deficits and surpluses, firms’ growth targets, resource management and efficiency have aroused high interest. What is the cause of the observed imbalances? In our opinion, this debate must involve rethinking the qualitative and quantitative dimension of our present understanding of the nature of economic growth. This book accompanies the 9th DocNet Management Symposium of the University of St. Gallen, Switzerland. It contains contributions of the symposium's panel speakers, renowned authors to the field and young researchers. The Ph.D. students’ and post-doctoral association DocNet organizes the DocNet Management Symposium on a yearly basis with the goal to foster exchange between academia and practitioners.




Sustainability


Book Description

The question of sustainability affects most areas of human activity. It is intrinsically complex and multi-disciplinary. Sustainable policies have to adapt to new knowledge and changing circumstances. Understanding sustainability and ways of achieving it have to involve an understanding of complex adaptive systems and general systems theory - a rapidly developing new branch of social studies.;This book provides an introduction and thorough explanation of this field, and shows its application in the social and economic management of sustainability. It is written for readers at an undergraduate level and should be useful for a wide range of undergraduate courses.




Ecological Economics


Book Description

In a concise and crisp manner, this book presents the state of the art in ecological economics, an interdisciplinary field focused on the analysis of sustainability of global, national and regional economic systems. An elegant guide, the book offers a range of cutting edge methods used in sustainability research including multicriteria decision aid (MCDA), input-output analysis, and life cycle analysis. This book is packed with references for students with some background in economics, environmental science or mathematics who aim to develop the analytical skills required for redirecting our development path towards sustainability in government, international organisations, academia, non-profit sector and business. As such, the book is primarily aimed at MSc and first year PhD students reading for degrees in Environmental Change and Management, Ecological Economics, Environmental Management, Philosophy, Politics and Economics, and those taking part in similar programmes. The book strives to develop the idea that a significant adjustment of the current economic theories is required, an idea supported by the emerged world economic crisis, the climatic and biodiversity crisis the world is currently facing and the enormously slow progress that has been made in the field of reorientation of the global economy towards sustainability. The practical case studies provided focus on the most pressing topics of today, and the book adopts a positive approach for problem solving and strategic development, which is aimed at educating the future decision makers and business leaders.




Сooperation and Sustainable Development


Book Description

This book presents a systematic view of the cooperative sector of the economy from the standpoint of sustainable development. On the one hand, the book reveals the consequences of business cooperation for the implementation of global sustainable development goals, primarily in terms of environmental protection and food security. On the other hand, the book defines the essence of sustainable development of the cooperative sector of the economy as a demonstrative economic practice that reflects the general state of socio-economic systems. Scientific, methodological, and applied recommendations for the systemic optimization of the management of the cooperative sector of the economy in the interests of simultaneously achieving its maximum positive impact on the implementation of sustainable development goals, as well as maintaining its stability are proposed. The book contains the best works based on the results of the International Scientific and Practical Conference “Cooperation and Sustainable Development”, which was held on December 15-16, 2020. Its target audience is scientists studying processes of business structures cooperation, business entities carrying out cooperation, as well as public authorities, which will find guidelines for improving state regulation of the cooperative sector of the economy in this book.




Innovation, Catch-up and Sustainable Development


Book Description

This volume presents selected contributions from the 2018 conference of the International Schumpeter Society (ISS). The selected chapters in this volume reflect the state-of-the-art of Schumpeterian economics dedicated to the three conference topics innovation, catch-up, and sustainability. Innovation is driving catch-up processes and is the condition for a transformation towards higher degrees of sustainability. Therefore, Schumpeterian economics has to play a key role in these most challenging fields of human societies’ development in the 21st century. The three topics are well suited to capture the great variety of issues, which have the potential to shape the scientific discussion in economics and related disciplines in the years to come. The presented contributions show the broadness and high standard of Schumpeterian analysis. The ideas of dynamics, heterogeneity, novelty, and innovation as well as transformation are the most attractive fields in economics today and offer the most prolific interdisciplinary connections now and for the years to come when humankind, our global society, has to master the transition towards sustainable economic systems by solving the grand challenges and wicked problems with which we are confronted today. Therefore, the book is a must-read for scholars, researchers, and students, interested in a better understanding of innovation, catch-up, and sustainability, and Schumpeterian economics in general. The chapter “Industrial life cycle: relevance of national markets in the development of new industries for energy technologies – the case of wind energy” is available open access under a CC BY 4.0 License via link.springer.com.




Economic Growth and Sustainability


Book Description

How to sustain our world for future generations has perplexed us for centuries. We have reached a crossroads: we may choose the rocky path of responsibility or continue on the paved road of excess that promises hardship for our progeny. Independent efforts to resolve isolated issues are inadequate. Different from these efforts and from other books on the topic, this book uses systems thinking to understand the dominant forces that are shaping our hope for sustainability. It first describes a mental model - the bubble that holds our beliefs - that emerges from preponderant world views and explains current global trends. The model emphasizes economic growth and drives behavior toward short-term and self-motivated outcomes that thwart sustainability. The book then weaves statistical trends into a system diagram and shows how the economic, environmental, and societal contributors of sustainability interact. From this holistic perspective, it finds leverage points where actions can be most effective and combines eight areas of intervention into an integrated plan. By emphasizing both individual and collective actions, it addresses the conundrum of how to blend human nature with sustainability. Finally, it identifies primary three lessons we can learn by applying systems thinking to sustainability. Its metaphor-rich and accessible style makes the complex topic approachable and allows the reader to appreciate the intricate balance required to sustain life on Earth. Highlights the application of system thinking in economics Identifies systemic leveraging actions for achieving sustainability Outlines a comprehensive and integrated plan for achieving sustainable stewardship in the future




Sustainable Economic Development and Environment


Book Description

Sustainable Economic Development And Environment: India And Other Low Income Economies (Lies) Is An Edited Volume Of Selected Research Papers Mostly Presented In The Iids 1St (Calcutta) And 2Nd (Perth) International Conferences On Development And Future Studies. The Authors Include Raj Kumar Sen, Kartick C. Roy, Suhas Ch. Chakrabartty, Veena Devasthali, Dhirendra Nath Konar, D.D. Guru, N. Manonmoney, Shri Prakash, Sumitra Chowdhury, P.L. Sablok, K.P. Nath, Amar S. Yumnam, K. Nageswara Rao, Alak Ghosh, S.R. Harrison And P.C. Sharma. The Present Volume, While Highlighting The Major Issues In Sustaining Growth And Development In Low Income Economies With Special Reference To India, Has Focused On Different Aspects Of The Environmental Problem And Its Links With The Sustainability Issue Of Development In Such Countries. These Include Not Only The Question Of Population Growth, Dwindling Forest, Drought-Prone Village And Island Economy, New Areas Like General Information System And Common Property Rights Are Also Discussed. Environmental Implications Of Development Are Also Presented In An Input-Output Framework And In The Context Of Saarc Countries. In Short, The Present Volume Consisting Of 14 Articles, Is Expected To Serve As An Important Reference Book To Researchers, Students And Teachers Of Sustainable Economic Development And Economics Of Environment, And Will Be Of Interest To Business Leaders, Policy Makers And All Those Interested In These Subjects Of Ever Growing Importance.The International Institute For Development Studies (Iids) Is A Multi-Country, Multi-Disciplinary Research Institute With Head Office In Calcutta And External Research Centres In Countries Like Australia, Canada, Finland, Germany, Hong Kong, Kenya, Malaysia, Malta, Newzealand, Norway, Russia, Sweden, Tanzania, Uk, Usa Etc. It Is A Correspondent Institute Of The International Center For Economic Growth (Iceg), Usa. Iids Is Engaged Since Its Inception In 1989, In Conducting International/National Conferences/ Seminars, Executing Research Projects And Publication Of Books And Journal. It Has Completed Two Major Research Projects On Indian Capital Market (1993) (Planning Commission, Government Of India) And Impact Of Economic Reforms On Labour (1994) (Iceg) And Recently Started Another On Labour And Rural Industrialisation A Case Study In Burdwan District Of West Bengal (1996) (Ministry Of Labour, Government Of India). Iids Is Organising Bi-Annual International Conferences On Development And Future Studies, The First Three Being Held In January, 1992 (Calcutta, India), December, 1993 (Perth, Australia) And July-August 1995 (Helsinki, Finland), While The Fourth One Will Be Held In Malaysia In September, 1997.