scholarly journals Green GDP and Sustainable Development in Malaysia

2015 ◽  
Vol 10 (1) ◽  
pp. 01-08 ◽  
Author(s):  
Negin Vaghefi ◽  
Chamhuri Siwar ◽  
Sarah Aziz

Sustainability has become an important concept in economic growth and development in the world. Malaysia, as a rapidly developing economy in Asia, has been able to achieve a positive economic growth; however, there is a big question: is it on a sustainable growth path? Due to weaknesses of traditional GDP in reflecting sustainability path, Green GDP as an indicator of sustainability could be implemented with adjustments in calculations. This paper aims to calculate the Green GDP for Malaysia. This measure will almost give policy makers a more arguable estimate for the area of environmental challenges. This paper highlights the role of natural resources depletion and environmental damages in sustainable development of the country. Green GDP is associated with some uncertainties such as lack of comprehensive calculations in estimating data and difficulties in setting the price of natural resources. These uncertainties and how Malaysia would be able to implement more accurate Green GDP in future were also discussed.

2011 ◽  
Vol 474-476 ◽  
pp. 2049-2053
Author(s):  
Li Feng Zhang ◽  
Qun Liu

The question of energy and enviorment is a hot question in the world, it is a hot and difficult problem in China also.To issue the sustainable growth of economy is the problem that all countries in the world care about including our country. So, this text sets up endogenous economic growth model by restricted energy and enviorament and discusses the condion of the economy sustainable development, and obtains the balanced economic growth path and some policy meanings.


Author(s):  
Mariana Imaz ◽  
Claudia Sheinbaum

Purpose In September 2015, the UN member states approved an ambitious agenda toward the end of poverty, the pursuit of equity and the protection of the planet in the form of 17 Sustainable Development Goals (SDGs) and 169 targets. The purpose of this paper is to raise a concern about the context and framework that science, technology and innovation have in the finalized text for adoption that frames the SDGs especially regarding environmental degradation. The authors argue that emphasizing technology transfer in the agenda has the risk to do not recognize other technological alternatives such as eco-technologies, and endorse a limited vision of the role of science and innovation in the achievement of the SDGs. Science for sustainability has to go further than technology transfer, even questioning the limits of the current patterns of intensive use of natural resources and inequity in consumption. By discussing the historical backgrounds of this paradigm and elaborating on the role of science to achieve sustainability in a broader sense. It is in these terms that inter- and intra-discipline and the roles of researchers in sustainability transitions acquire relevance. Design/methodology/approach Although many theories regarding human development are in place and under discussion, the dominant view, reflected in the UN agreement, is that the progress of a country can be measured by the growth in the per capita gross domestic product. This variable determines if a society is able to reduce poverty and satisfy its basic needs for present and future generations (Article 3: United Nations (UN), 2015). Progress and economic growth in several aspects of human development has been substantial over the past 40 years. However, at the same time, the state of the environment continues to decline (UNEP, 2012). The obvious inquiry of these opposing trends is whether progress irremediably comes at the cost of environmental degradation. In 1972, the Club of Rome’s report entitled “Limits to growth” (Meadows et al. 1972) confronted the viability of perpetual economic growth. The report alerted of the impossibility of endless growth in population and production in a finite planet (Gómez-Baggethun and Naredo, 2015). The essay forecasted future crises of food and energy if the population and economic growth continued to grow at the same rate of the first half of the twentieth century. Nevertheless, the catastrophic projections were not met, mostly because of great advances in agriculture, water and energy technologies. Findings The SDGs constitute a relevant international recognition of the importance of the three edges of sustainable development. However, the pathways toward the achievement of the SDGs need to fully recognize that poverty, inequalities and global environmental problems are expressing a deeper crisis in the shape of economic growth, patterns of production and consumption and, in general, the logic of no limits in the exploitation of natural resources (Sheinbaum-Pardo, 2015). For this reason, the science of sustainability requires a deep understanding of the technological change and that technology is not the only approach toward sustainability. Research limitations/implications The paper reflects a conceptual discussion of the narrow vision of science and technology in the SDGs and their UN framework. The most important objective in the UN documents is technology transfer. This has the risk to do not recognize other technological alternatives such as eco-technologies, and endorse a limited vision of the role of science and innovation in the achievement of the SDGs. Practical implications An important discussion of the key points regarding SDGs is developed. Social implications “Transforming our world: The 2030 agenda for sustainable development (UN, 2015)” presents a narrow vision and a limiting role to the science of sustainability. Moreover, if these issues are not recognized, the achievement of the SDGs will continue to gain only marginal success. Originality/value It brings out a very important discussion of the role of science and technology in the ambitious UN agenda of the SDGs.


2021 ◽  
Vol 21 (3) ◽  
pp. 274-294
Author(s):  
John Onuwa Okoh

This paper examined the impact of restructuring macroeconomic policy for sustainable development in Nigeria. The paper examines the various efforts aimed at restructuring macroeconomics policy in Nigeria. These efforts were captured in the SAP of 1986, NEEDS of 2004, the Transformation Agenda of 2011 and the ERGP of 2016. The paper adopted content analysis method of qualitative research given the peculiarity of the subject matter. There were documented evidence that during the aforementioned periods, the economy showed signs of growth and development. Despite the gains of the reforms, Nigeria is still grappling with economic growth and development issues-unemployment, poverty and rising cost of living. This paper however recommends that there should be continuity in programmes and policies of government. Programmes and policies should not change with regime change. There should be a deliberate and conscious effort on the part of government and policy makers to design programmes and policies that are people oriented, home grown and have the capacity to promote and sustainable growth and development.


Author(s):  
Mustafa Ildırar ◽  
Mehmet Özmen ◽  
Erhan İşcan

Research and Development (R&D) is one of the most important variables that affect the country’s economic growth and development through increasing the technology capabilities, enlargement of resource base and promoting in the capability of resource utilization. Countries that innovate by conducting R&D activities always have high economic growth and many researchers emphasized this prominent role of the R&D on economic growth in numerous studies. This study contributes in two ways to this stream of research. Providing new estimates of the effect of R&D expenditures on economic growth is the first contribution to literature. On the other hand, there are different types of R&D expenditures and each of them has different magnitude on the economic growth. Therefore, this study provides evidences about the magnitudes of R&D expenditures. The effect of different types of R&D expenditures on economic growth for the selected OECD countries is examined in this study by utilizing from GMM framework using the data belonging the period of 2003-2014. Income and different R&D expenditure data used to analyze that obtained from OECD Stat. As a conclusion, it is found that all of the R&D expenditures have positive and significant effect on economic growth in selected OECD countries but magnitudes are various. Therefore, policy makers should design the R&D stimulation policies depending on the characteristics of the countries. Accordingly, countries must allocate more resources to different types R&D expenditure for achieving sustainable rate of growth.


2021 ◽  
Vol 13 (23) ◽  
pp. 13126
Author(s):  
Victor I. Espinosa ◽  
Miguel A. Alonso Neira ◽  
Jesús Huerta de Soto

The analysis of sustainable economic growth and development often focuses on how to control the market process through coercive state intervention. While state interventionism may play a significant role in countries’ progress, entrepreneurship is the driving force behind sustainable growth and development. Entrepreneurship is the people’s judgment on ideas, plans, and projects, which promises profit in uncertain times. Its effects are the creation and transmission of information and social coordination as a dynamic process of identifying and solving human problems. Sustainable development is the widening range of entrepreneurial alternatives open to people, and sustainable growth is a phase of sustainable development that depends on genuine savings to finance increasingly capital-intensive production structures. The degree to which people are entrepreneurs and the direction genuine savings take depend on institutional arrangements. Some institutions are more conducive to sustainable growth and development than others. After reviewing principles of growth and development sustainability, how coercive state intervention influences economic performance is discussed, proposing novel policy conclusions and research avenues to cultivate entrepreneurship and genuine savings in a post-COVID-19 world.


The article is devoted to the goals of sustainable development aimed at achieving economic growth in the world, creating conditions for stimulating the economy in order to expand the boundaries of business activity of young people, achieve the principles of competitiveness and the demand for specialists in the labor market. It is proved that the favorable criteria for economic achievements are the level of education of the population, its mobile susceptibility to critical thinking and self-motivation. Attention is focused on the key importance of education necessary for sustainable development, ensuring the formation of citizens' knowledge, skills, attitudes and values for their active participation in social and economic life.


Author(s):  
Lokota Oleg ◽  
Kozlova Elena

Fast-growing international migration as a factor of labor market globalization is an important trend of the world economy and a determinant of social-political transformations. The study of fundamental economical reasons for international migration is relevant due to their prognostic, predictable, and normative potential, which can be used in conditions of global economic non-stability. This chapter analyzes the role of natural resources, financial, and labor factors in economic growth of the modern states and studies relationships between stimulating the role of natural resources, finance, and labor with levels of modern countries' economy development. Based on achieved results findings about fundamental reasons of international migration, transformation of labor factor's role in providing an economical progress of the states, efficiency of positive impact of manufacturing factors (domestic and attracted from international markets) are offered.


1997 ◽  
Vol 2 (2) ◽  
pp. 129-139 ◽  
Author(s):  
Cameron Gordon

This article compares and contrasts two debates about the role of infrastructure in American economic growth and development. The contemporary policy debate revolves around the extent to which the observed decline in public works investment since 1960, measured as a proportion of gross national product, has been a cause of the coincident decline of productivity over the same period. An earlier debate in the economic history field revolved around whether the railroads were “indispensable” to America's economic growth and how the building of a rail network affected the shape of that growth. The comparison reveals that just as the first debate went down many blind alleys, so did the second one. At the same time, however, after a long period of discussion and gestation, some firm conclusions arose in both controversies. In the infrastructure case, the overall consensus is that America is probably investing enough in infrastructure overall but that the question is too broad to be meaningful for policy makers. As a result, the focus has shifted to specific kinds of investments in specific areas.


2018 ◽  
Vol 31 ◽  
pp. 07012
Author(s):  
Lukman Eka Prasaja ◽  
Hadiyanto

Eco-Efficiency emerged in the 1990s as a measure of "the efficiency that ecological sources use to meet human needs." As a tool in economic and environmental integration, Eco-efficiency needs to be promoted further so that regulation in government and industrial management can include it as an important instrument. This paper provides several approaches that can help various industries to develop effective eco-efficiency principles. The approach used is to maximize the role of the Steering Committee of the company's internal environment. Utilization of natural resources such as water, forests, mines and energy needs need to be balanced with Eco-Efficiency so that natural exploitation can be well controlled so that sustainable development aspired by the world can be realized.


2019 ◽  
pp. 1587-1613
Author(s):  
Lokota Oleg ◽  
Kozlova Elena

Fast-growing international migration as a factor of labor market globalization is an important trend of the world economy and a determinant of social-political transformations. The study of fundamental economical reasons for international migration is relevant due to their prognostic, predictable, and normative potential, which can be used in conditions of global economic non-stability. This chapter analyzes the role of natural resources, financial, and labor factors in economic growth of the modern states and studies relationships between stimulating the role of natural resources, finance, and labor with levels of modern countries' economy development. Based on achieved results findings about fundamental reasons of international migration, transformation of labor factor's role in providing an economical progress of the states, efficiency of positive impact of manufacturing factors (domestic and attracted from international markets) are offered.


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