Economic Growth and Development of Less Developed Countries within Regional Integrations: The Case of the EU

2013 ◽  
Author(s):  
Ljubo Jurčić ◽  
Vlatka Bilas ◽  
Sanja Franc
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Developed Countries ◽  
Less Developed Countries ◽  
Economic Growth And Development ◽  
The Eu

E-Commerce Contribution to Economic Growth

2011 ◽  
pp. 140-154
Author(s):  
Ing-wei Huang ◽  
Songsak Vanichviroon
Keyword(s):  
Economic Growth ◽  
21St Century ◽  
Growth And Development ◽  
Developing Economies ◽  
Past Research ◽  
Developed Countries ◽  
Economic Growth And Development ◽  
Research Findings ◽  
Ict Development

As the trend of ICT development is gaining larger influence over countries’ development and growth, e-commerce plays an important role in enhancing the growth of several developed and developing economies over the 21st century. This paper aims to build the analytical base to support the importance of the development of e-commerce. This is by investigating the role and contribution of e-commerce to economic growth and development. The paper first investigates past contribution of e-commerce to economic growth in developed countries. Second, past research findings and framework are utilized to investigate the contribution of e-commerce towards economic growth focusing on the case of e-commerce in Thailand. The study found that e-commerce plays an important role in enhancing economic growth of Thailand. Two important findings had supported the growth of e-commerce. First is the increase in sales generated by the use of e-commerce. Second, e-commerce induces productivity development of firms through higher competition and innovation.

scholarly journals MODERN TECHNOLOGIES AS A DETERMINANT OF SUSTAINABLE ECONOMIC GROWTH AND DEVELOPMENT OF SMALL OPEN ECONOMIES

2021 ◽  
Vol 19 (34) ◽  
Author(s):  
Radomir Božić
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Industry 4.0 ◽  
Business Processes ◽  
Open Economies ◽  
Developed Countries ◽  
Small Open Economies ◽  
Negative Consequences ◽  
Western Balkans ◽  
Economic Growth And Development

The modern age is characterized by strong development and application of information and communication tech- nologies (ICT) and Industry 4.0, which determine sig- nificant changes in the economy and society as a whole, and especially affect production and business processes, economic growth and development, productivity, busi- ness models, required qualifications and workers’ skills, the education system, as well as people’s daily lives. Thanks to that, developed countries are already achiev- ing significant effects in terms of efficiency, productiv- ity, flexibility, gross domestic product (GDP) and living standards growth, and there are opportunities for small open economies to create their own approaches to accel- erate growth and convergence with developed countries. Otherwise, the negative consequences known as digital sharing are also possible. The aim of this paper is to present, based on relevant lit- erature and experiences of individual countries, the po- tentials, challenges and possible responses of economic and business policy makers aimed at the application of ICT and Industry 4.0 in small open economies, such as the Western Balkans. The paper is structured as follows: Introductory remarks - elaboration of the theoretical basis, characteristics and implications of ICT and Industry 4.0 on the economy and society as a whole; Methodology - review of rel- evant current literature; Results - presentation of basic potentials, challenges and possible responses of small open economies in the function of accelerating econom- ic growth; and Discussion - concluding remarks and rec- ommendations for possible responses.

scholarly journals The Impact of CEFTA on Exports, Economic Growth and Development

2020 ◽  
Vol 13 (3) ◽  
pp. 15-32
Author(s):  
Victoria Pistikou
Keyword(s):  
Economic Growth ◽  
Free Trade ◽  
Growth And Development ◽  
Volume Growth ◽  
Trade Agreements ◽  
Trade Volume ◽  
Regional Trade ◽  
Economic Growth And Development ◽  
The Impact ◽  
The Eu

Purpose: The aim of the paper is to evaluate the impact of CEFTA on exports and economic growth and development of its members. Regionalism is attractive to states and especially to developing countries, since they enhance their reliability on reforms to foreign investors and they raise their bargaining power in multilateral level, since they negotiate as a unit and not individually, especially within the WTO, achieving goals which would not had been achieved if they had acted individually. The paper is based on the theoretical context of Regional Trade Agreements. More specifically, Free Trade Agreements widens trade in goods and services, raises exports and increases distribution of production. Moreover, FTAs affect state’s reliability for inward investments, since they guarantee the implementation of domestic reforms. In particular, compared to WTO, within an FTA less countries are involved therefore, it is easier for them to monitor a state and if this state deviates from its commitments then it will face direct retaliation from other regional partners. Consequently, its members are considered more reliable and they experience a boost in economic growth and volume of trade. Design/methodology/approach: Methodologically it is based on analyzing quantitative macroeconomic data and qualitative data that have been quantified through a comparative analysis among members states. More specifically, the analytical framework consists of additional variables concerning economic and political freedom as well as trade volume, growth, development and income, since that all are correlated with trade liberalization. Findings: In the case of CEFTA, intra-regional trade seems to be neglected since all CEFTA members prefer trading with the EU. This does not mean that CEFTA’s economies could be more competitive than the EU, however, there are is no increase in intra-regional trade volume and when there is, this concerns only few of the partners. In addition, indexes show that economic environment remains protected and state centric. The fact that an FTA such as CEFTA seems that does not have any impact on GDP growth but at the same time GDP per capita and HDI are increasing, might show that there are other variables which affect these indexes. another paradox is that these positive developments happen in highly corrupted, state-centric and protectionist members of a Free Trade Agreement. Research limitations/implications: FDI were not examined due to lack of data. Originality/value: Up to now, there are contradictory arguments in the literature regarding the effects of CEFTA on its members. More particularly, there are scholars who argue that CEFTA'S impact on exports and economic growth and development of its members is positive while others claim that this impact is either very limited or no existent at all. The current research aims to assess CEFTA’s impact on growth and development taking into consideration the domestic economic and political environment. In addition, it extends recent work assessing CEFTA’s effectiveness on member-states focusing on trade, economic growth and development by taking into consideration additional macroeconomic variables as well as the domestic capabilities of each member.

scholarly journals Foreign Aid in Nepal: Importance, Trends and Government Initiatives

2017 ◽  
Vol 40 (1-4) ◽  
pp. 44-52
Author(s):  
Sukanta Sarkar
Keyword(s):  
Economic Growth ◽  
Foreign Aid ◽  
Growth And Development ◽  
Poverty Reduction ◽  
Developed Countries ◽  
The United States ◽  
Sustainable Growth ◽  
Economic Growth And Development ◽  
Sustainable Economic Growth ◽  
The International Monetary Fund

Economic growth and development are in the forefront of international relations and policy making. Developed countries such as the United States and international organizations such as the World Bank and the International Monetary Fund provide assistance that attempts to help the economic growth of developing countries. Foreign aid has been recognized as the most crucial factor in enhancing economic development in many countries. Foreign aid is crucial factor to achieve higher and sustainable economic growth and development of Nepal. However, aid must be linked with sustainable growth and poverty reduction. The objectives of the paper are to study the importance, trends and government initiatives of foreign aids in Nepal.

Regional Integration and the Impact on Economic Growth and Development

2016 ◽  
Author(s):  
Costel Dima ◽  
Mihaela Neculiţă ◽  
Daniela Ancuţa Şarpe
Keyword(s):  
Economic Growth ◽  
Regional Integration ◽  
Growth And Development ◽  
Economic Growth And Development ◽  
The Impact

Economic Growth and Development 2

2018 ◽  
Author(s):  
Hasan Gürak
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Economic Growth And Development

scholarly journals Community Development and Local Social Capital

2010 ◽  
Vol 42 (1) ◽  
pp. 143-159 ◽  
Author(s):  
Jeffrey L. Jordan ◽  
Bulent Anil ◽  
Abdul Munasib
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Community Development ◽  
Human Development Index ◽  
Growth And Development ◽  
Local Economic Development ◽  
The State ◽  
Measurement Tool ◽  
Economic Growth And Development ◽  
Geographical Clusters

While a substantial amount of research has been devoted to showing what social capital does, research explaining social capital itself lags behind. The literature has a long tradition of examining the effect of social capital on local economic growth and development. In this paper we examine whether local economic development can explain the variation in social capital across various geographical clusters in the state of Georgia. We begin by devising a measurement tool, a Human Development Index (HDI), to measure community development. Our social capital measure includes associational memberships, voluntary activities, and philanthropy obtained from the Georgia Social Capital Survey. The findings show that even after accounting for various demographic and economic characteristics, the HDI explains the variation in a number of social capital levels (especially those measured by associational involvement) across various geographical clusters in the state of Georgia.

Inducing Technological Change for Economic Growth and Development.

Economica ◽  
1974 ◽  
Vol 41 (162) ◽  
pp. 232
Author(s):  
V. N. Balasubramanyam ◽  
Robert A. Solo ◽  
Everett M. Rogers
Keyword(s):  
Economic Growth ◽  
Technological Change ◽  
Growth And Development ◽  
Economic Growth And Development
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