scholarly journals Productive Employment and Working Conditions as Determinants of Sustainable Economic Development in Serbia

2019 ◽  
Vol 14 (3) ◽  
pp. 84-96
Author(s):  
Đokić Milica ◽  
Jovanović Milica
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Working Environment ◽  
Decent Work ◽  
Sustainable Economic Development ◽  
Gender And Age ◽  
Employment Education ◽  
Sustainable Economic Growth ◽  
Further Development ◽  
Productive Employment

AbstractFor decades, the concept of sustainability has been recognized as the basis for survival and further development of humanity. As the result of joint efforts, The 2030 Agenda for Sustainable Development was adopted in 2015 by United Nations member states, as a plan and direction for future prosperity. It identified 17 goals, with one of them highlighting the sustainable economic growth, productive employment and decent work. Providing quality jobs and safe working environment, while decreasing in-work poverty, are important preconditions for sustainable economic development. The purpose of this paper is to point out the importance of productive employment from the aspect of sustainable development on the example of Serbia, comparing indicators with surrounding countries and leading EU members. Particular emphasis will be placed on the main difficulties young people in Serbia deal with at the labor market, on certain inequalities and necessary strategies to alleviate the current problems. The issue of youth not in employment, education or training will be analyzed as well, along with unemployment and decent work opportunities in terms of gender and age structure. Furthermore, it aims to address the main causes of these disparities in order to indicate the changes that need to be made and suggest strategies for their implementation.

scholarly journals Assessment of the Sustainable Economic Development Goal 8: Decent Work and Economic Growth in G20 Countries

2020 ◽  
Vol 17 (1) ◽  
pp. 116-125
Author(s):  
Indrė Lapinskaitė ◽  
Silvija Vidžiūnaitė
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Work Environment ◽  
Global Economy ◽  
The United States ◽  
Decent Work ◽  
Sustainable Economic Development ◽  
Development Goals ◽  
The Republic

AbstractResearch purpose. The importance of sustainable development, the need to achieve sustainable economic development that does not harm the environment, conserve natural resources or exacerbate tensions in society has been increasingly discussed over the last decade. The purpose of the research is to evaluate the economic growth and decent work environment in G20 countries during 2013–2018 as G20 countries are the fastest growing countries in the world, and their economy describes the major part of the global economy.Design/Methodology/Approach. Qualitative data analysis based on the comparative analysis of scientific literature, content analysis, interpretation, comparison and grouping is used, in order to analyse the theoretical aspects of sustainable development and its goals, especially goal 8: decent work and economic growth. TOPSIS method helps to rank G20 countries according to the indicators of SDG 8.Findings. The results showed that Japan reached the best work environment and the most significant economic growth during 2013–2018. The United States is in second place and the third – the Republic of Korea. In the bottom three are Argentina, Brazil and South Africa.Originality/Value/Practical implications. Since it is challenging to identify the achievements of the economic and work environment development, as an essential part of sustainable development goals, the results could lead to future insights that will create value to policymakers, economists and other stakeholders.

scholarly journals SCIENTIFIC AND METHODOLOGICAL APPROACHES TO ASSESSING THE EFFECTIVENESS OF THE COMPANY'S EMPLOYEES' WORK

2001 ◽  
pp. 117-127
Author(s):  
Svetlana Demchenko ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Point Of View ◽  
Information Base ◽  
Advantages And Disadvantages ◽  
Labor Efficiency ◽  
Sustainable Economic Development ◽  
Methodological Approaches ◽  
Labor Resources

The information base of the study was the works of economists in the field of approaches to assessing the effectiveness of worker’s work. The article is devoted to the development of an algorithm for evaluating labor efficiency, taking into account the improved methodology. The hypothesis of the study is the assumption of increasing the influence of the concept of sustainable economic development on the choice of methods for evaluating the effectiveness of labor resources. Within the framework of this study, the authors consider various concepts for the study of labor efficiency, highlight the advantages and disadvantages of existing approaches and offer their own concept of evaluating labor efficiency from the point of view of the concept of sustainable development. The approbation of the author's methodology is presented on the example of a specific company.

The Role of Technology to Achieve Sustainable Economic Development in Africa

2016 ◽  
Vol 4 (2) ◽  
pp. 30-41
Author(s):  
Sally M. Farid
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
African Countries ◽  
Potential Growth ◽  
Annual Series ◽  
Development Indicators ◽  
Telecommunications Infrastructure ◽  
Sustainable Economic Development ◽  
The World

Objective - The purpose of this paper is to study how the technological innovation can achieve and promote sustainable development particularly in Africa. It considers forms of innovation technology that could enhance sustainable development. Methodology/Technique - The data used in this paper includes 54 African countries and the study period is from 2000 to 2014, using data on IT that measures the stock of telecommunications infrastructure as telecommunications investment. The GDP series represents annual real GDP in the prices of 2000. Annual series for IT and GDP were collected from the World Development Indicators of the World Bank database in 2015. Findings - The paper presents the concept and strategies of Sustainable Economic Development, discusses existing technologies in sustainable development, shows the role of technology in sustainable development, and presents the information and communication technology to promote economic development in Africa and the obstacles to set up policies for innovation technology in Africa. Novelty - The results have major implications. Firstly, the access to telecommunications services contributes towards economic growth. Secondly, an appropriate regulatory environment is necessary to realize the potential growth in telecommunications demand generated by increased income. Type of Paper - Empirical Keywords: Technology; Sustainable Economic Development; ICT in Africa.

A Systemic Approach towards Responsible and Sustainable Economic Development

2017 ◽  
pp. 208-227
Author(s):  
Thea Van der Westhuizen
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Systems Theory ◽  
Systemic Approach ◽  
Economic Changes ◽  
Sustainable Economic Development ◽  
Collective Innovation ◽  
Sustainable Economic Growth ◽  
Innovation And Entrepreneurship

A possible way to increase responsible and sustainable economic development is to enhance collective innovation and entrepreneurship on various systemic levels in order to gain socio-economic developmental momentum. In an era which faces socio-economic changes on multiple systemic levels, especially within the mundosystem, collective and creative approaches towards systemic activities are necessary, not only to drive businesses forward, but to give momentum to global economies. In this chapter, the author philosophizes about entrepreneurship, systems theory and socio-economic momentum and how these play an important role to give momentum to responsible and sustainable economic growth.

scholarly journals Application of Multi-Criteria Decision-Making Model and GM (1,1) Theory for Evaluating Efficiency of FDI on Economic Growth: A Case Study in Developing Countries

2019 ◽  
Vol 11 (8) ◽  
pp. 2389 ◽  
Author(s):  
Wang ◽  
Le
Keyword(s):  
Economic Growth ◽  
Decision Making ◽  
Developing Countries ◽  
Economic Development ◽  
Exchange Rate ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Sustainable Economic Development ◽  
Sustainable Economic Growth

Foreign direct investment (FDI) and corporate social responsibility (CSR) spending are one of the major factors in improving sustainable economic development of a country. Therefore, this study focuses on the multi criteria application of FDI and sustainability factors (CSR spending) in various developing countries to explore its impact and decision making for sustainable economic growth. The study uses a case study methodology whereby FDI, exchange rate, and CSR expenditure data from 20 countries were used to assess the efficiency in sustainable economic growth. Data were collected from the World Bank for 20 Asian and African developing countries during 2012–2017 and analyzed using GM (1,1), mean absolute percentage error (MAPE), Malmquist productivity index (MPI)-data envelopment analysis (DEA), and the slacks-based measure of efficiency (SBM) model. Correlation analysis is used to find the relationship for FDI, CSR, exchange rate, gross domestic product (GDP), and GDP per capita (GDPPC). The results of the Malmquist productivity index and the frontier effect clearly highlight that a few countries have witnessed a great improvement in terms of productivity and technological progression. Therefore, the decision makers must adopt the model of those countries with respect to sustainable development of the nation. This study helps developing nations as well as researchers to benchmark efficient countries and follow their strategies to develop a new one for utilizing FDI and CSR spending in sustainable economic development. The study also helps policy makers in multi criterion application of FDI and CSR for decision making in economic development.

scholarly journals New Evidence for Romania Regarding Dynamic Causality between Military Expenditure and Sustainable Economic Growth

2020 ◽  
Vol 12 (12) ◽  
pp. 5053 ◽  
Author(s):  
Ran Tao ◽  
Oana Ramona Glonț ◽  
Zheng-Zheng Li ◽  
Oana Ramona Lobonț ◽  
Adina Alexandra Guzun
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Structural Changes ◽  
Private Investment ◽  
Military Spending ◽  
Military Expenditure ◽  
Crowding Out ◽  
Annual Growth Rate ◽  
Sustainable Economic Development ◽  
Sustainable Economic Growth

Military spending and sustainable economic development have been widely discussed in recent decades. Especially in Romania, the defense budget is valued at $4.8 billion, registering a compound annual growth rate (CAGR) of 23.57%. It is also expected to reach $7.6 billion in 2023, according to a report by Strategic Defense Intelligence. There is no consensus in current research and less attention is paid to Eastern European countries. Considering the significant increase in military spending in Romania in recent years, as well as the occurrence of political events, this paper focuses on the dynamic causal relationship between military spending and sustainable economic growth in Romania. The bootstrap rolling window causality test takes into account the structural changes, and therefore, provides more convincing results. The results indicate negative effects of military expenditure on sustainable economic growth between 1996–1999 and 2002–2004. It can be attributed to the crowding-out effect of public expenditure on private investment. The positive effect between the two variables analyzed is noticed with the accession of Romania to the North Atlantic Treaty Organization. Conversely, it is found that economic growth does not have a significant effect on military spending in Romania. Policymakers should guard against the crowding out of private consumption and investment due to excessive military spending and ensure to increase military expenditure on the premise of sustainable economic development.

scholarly journals Opportunities for sustainable economic development in coastal territories of the Baltic Sea Region in the context of digital transformation

Baltic Region ◽  
2021 ◽  
Vol 13 (2) ◽  
pp. 7-26
Author(s):  
Goran Roos ◽  
Natalia Ye. Kubina ◽  
Yulia Yu. Farafonova
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Baltic Sea ◽  
Digital Transformation ◽  
The Baltic Sea ◽  
Sustainable Economic Development ◽  
Baltic Sea Region ◽  
Blue Economy ◽  
Socio Economic Development ◽  
The Baltic

The article explores opportunities for the sustainable economic development of coastal territories in the Baltic Sea region (BSR) arising in blue economy sectors in the framework of digital transformation. The study argues that more active commercialisation of territorial resources can facilitate the sustainable economic development of the BSR coastal territories, following digitally-driven innovations. The paper provides an overview of methodological approaches to territorial sustainability. It also assesses the 2009—2018 level of the socio-economic development of the BSR coastal territories, underpins the importance of the blue economy and highlights the role of digital transformation in reaching the UN Sustainable Development Goals (SDGs) in the BSR through digitally-driven innovations. A comparative and problem-targeted statistics analyses show significant differences in the dynamics of socio-economic development in the BSR coastal territories with their GRP per capita being generally lower than the national or macroregional average. A review of literature on sustainable development in the BSR has shown that a more active use of the unique resources of coastal territories along with a technology-driven growth of the blue economy sectors can counterbalance the negative impact of the uneven development of these territories on the progress towards the SDGs in the BSR. Increasing the competitiveness of the BSR coastal territories requires investment in digital solutions in the blue economy sectors and building communication infrastructure. The review of key innovations in the blue economy sectors shows that their implementation gives impetus to other industries by reducing costs, creating new jobs, and improving the quality of products and services.

scholarly journals The importance of social business in the context of stable development of Ukraine's economy

2021 ◽  
pp. 45-57
Author(s):  
Lyudmyla Bilanych ◽  
Myroslava Kulesha-Liubinets ◽  
Tetiana Kulinich
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Social Entrepreneurship ◽  
Profit Maximization ◽  
Practical Significance ◽  
Social Business ◽  
Sustainable Economic Development ◽  
Long Run ◽  
The Social ◽  
Science Paper

Abstract. Nowadays the most characteristic are intense and rapid globalization, European integration processes, international social and economic cooperation and, in addition, popularization of new ideas about democracy, professional honesty, social and environmental responsibility and governance in entrepreneurship. Taken together, these factors are complementary and can advance for sustainable development of Ukraine. In this context sustainable economic development is symbiosis of an effective commercial and social business. The achievement of the optimum balance between profit maximization of Ukrainians’ companies in a long run and meeting the population’s socio-economic needs, such as enhancement of the quality of life is now recognized as a major challenge for our country. This situation is particularly complicated by the case of permanent complex crises and unsuccessful reformation of national public government. The article is devoted to the analysis of considerable theoretical and practical significance of social business as a primary entrepreneurship by which sustainable economic development of Ukraine is achieved. Social business is essential to strengthen the social responsibility, social awareness and civil unity among the market participants. These issues have been outlined in this science paper by authors. Comparison, methods of abstraction, analysis and generalization, graphic and tabular modeling are the research methods which were used in the article. In this science paper the concept of “social business”, the main features, basic principles and functions of the social entrepreneurship and impacts of the social business sector on sustainable economic development of Ukraine are analyzed by authors. So, based on theoretical and methodological research, it was determined that sustainable development is our country’s strategic goal. In the meantime, social business development is one of the key vectors to achieve defined objective. Key words: Sustainable development goals of Ukraine, social business, social entrepreneurship, incentives for development of social business in Ukraine.

scholarly journals APPROACHES TO THE FORMATION OF SUSTAINABLE ECONOMIC DEVELOPMENT OF TRANSPORT SYSTEM

2020 ◽  
Vol 1 ◽  
pp. 45-48
Author(s):  
Olga Efimova ◽  
Elena Makeeva ◽  
Elizaveta Dmitrieva
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Transport System ◽  
Rapid Development ◽  
Integrated System ◽  
Transport Infrastructure ◽  
Development Economic ◽  
The Sustainable Development ◽  
Sustainable Economic Development

The world economy as an integrated system has limited growth limits, natural resources are limited, so a new concept of sustainable economic development has emerged, based on a balance of the economy, social goals and ecology. Sustainable development is the development of the country's economy and the global system in which current needs are met without compromising future opportunities. The rapid development of transport infrastructure creates the prerequisites for the sustainable development of centers of macro and microeconomic growth and helps to reveal their potential in the future. The article considers the role of transport as an additional priority for sustainable development at the macro level and the types / functions of connectivity of economic growth centers in the sectoral and regional aspects. In turn, the concept of sustainable development of the transport system involves taking into account the features of the transport system as an object of increased danger and a high degree of influence on the main priorities of sustainable development (economic growth, social system and ecology) of the macroeconomics. It was noted that, on the one hand, the transport system, being part of the country's macroeconomic system, affects the priorities of its sustainable development, and on the other hand, has independent priorities for sustainable development in the field of economic growth and efficiency, social potential and environmental aspects, including issues of ensuring security.

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