scholarly journals Relationship between foreign direct investments and economic aspect of sustainable development

Author(s):  
Auob Alsayd
Author(s):  
Jing Li ◽  
Daniel Shapiro

This chapter reviews the literature on foreign direct investments among emerging economies (E-E FDI), focusing on the motivations behind E-E FDI, country-specific advantages and firm-specific advantages associated with emerging-economy multinational enterprises (EMNEs), and spillover effects of E-E FDI on host-country economic and institutional development. We identify the following topics as posing important questions for future research: EMNEs’ ability to leverage home-government resources and diplomatic connections to promote investment in other emerging economies; nonmarket strategies of EMNEs in emerging economies; ownership and corporate governance affecting investment strategy and performance of EMNEs; E-E FDI contributions to sustainable development in host countries. Future studies should also consider potential heterogeneity among EMNEs by integrating insights from institutional theory, network theory, political science, corporate governance, corporate social responsibility, and sustainable-development research.


2020 ◽  
Vol 85 (1) ◽  
pp. 66-88
Author(s):  
Ad van Geesbergen ◽  
Johan Graafland ◽  
Jan Hoogland

This article critically analyzes the environmental economics paradigm of David Pearce and Robert Kerry Turner. Our analysis is inspired by the philosophy of Herman Dooyeweerd, in particular his transcendental criticism and theory of modalities. We describe how Pearce and Turner theorize the concept of sustainable development. On the basis of this description we identify immanent tensions in their approach and analyze to what extent these tensions are caused by implicit normative presuppositions in the key concepts used by Pearce and Turner. Finally, we examine whether Dooyeweerd’s conception of the economic aspect can diminish these tensions.


2021 ◽  
Vol 903 (1) ◽  
pp. 012004
Author(s):  
N R P Salain ◽  
N M M Mahastuti

Abstract Sustainable development is raised as the theme of the article which is then analyzed based on the value of local wisdom with three main pillars, namely economic, environmental, and social aspects. Manik Ring Cucupu, Tattwa, Susila, Upacara, and Tri Hita Karana are the values of local wisdom used in organizing sustainable development in Taman Harmoni. The purpose of writing this article is to know the existence of economic, environmental, and social aspects that are the pillars of sustainable development in the Taman Harmoni tourist area based on the values of local wisdom. The method used is Qualitative Descriptive with data collection techniques through direct observation, interviews, and literature studies. The result of this writing is sustainable development in the economic aspect prioritizes the natural sustainability of the environment which is assumed to be a “container” as well as the value of local wisdom Manik Ring Cucupu which perceives the built environment with a natural environment such as a fetus in the womb of a mother; Sustainable development in environmental aspects is planned based on the value of local wisdom, namely Tattwa (philosophy), Susila (ethics), and Upacara (religious rituals); Sustainable development in environmental aspects, dividing the area of Taman Harmoni into three areas namely Parahyangan, Pawongan, and Palemahan in accordance with the teaching values of Tri Hita Karana.


2010 ◽  
Vol 5 (2) ◽  
pp. 258-268
Author(s):  
Mirosława Witkowska-Dąbrowska ◽  
Tomasz Bączkowski

Author(s):  
Ly Dai Hung

The paper analyzes the substainable development of the northen midland and montainous area, in comparision with other areas in the Vietnam economy. This area achieves a relatively good performance in term of social and environmental aspects, but quite poor results in term of economic aspect. Moreover, there exist a fragmentation within the area: a group of provinces grows faster than the others. Thus, the policy for this area should be constructed to well reflect its social and environmental fundamentals while address the fragmentation of development within the area.  


2020 ◽  
Vol 11 (4) ◽  
pp. 485-505
Author(s):  
Heshan Sameera Kankanam Pathiranage ◽  
Huilin Xiao ◽  
Weifeng Li

Purpose In an attempt to satisfy the desire to become a global economic leader, China is working on a series of ambitious deals with several countries. As a major country in a region considered as an emerging market, the immense infrastructure gap that is curtailing trade and accessibility for economic growth has led to major changes in economic policy. The past few decades have seen China invest billions of dollars not only in the developing countries of Africa and Asia but also in other world economic giants of Europe and the USA. China has embarked on a rigorous global effort to close the infrastructure gap through the Belt and Road Initiative (BRI) in partnership with multilateral development banks. China’s BRI brings together several countries in East Asia and the Eurasian mainland into close proximity with China, thereby promoting inland trade between the countries. The investments in this project are estimated to reach US$1tn over a span of ten years. However, the volume of outward foreign direct investments (OFDI) from China to the host countries is determined by several factors. Several previous researchers have studied various issues affecting the business activities of China and the given countries. First, the cultural organization, policy approaches and objectives of China as a country create trade barriers with countries involved in the BRI plan. This paper aims to provide a comparative overview of how the institutional distance of the Belt and Road countries from China affects their sustainable development. Design/methodology/approach Data on the nature, success and challenges of the BRI (such as the volume of bilateral trade and OFDIs and its financial implications) were extracted from various published studies. The impact of cultural distance and internationalization of the BRI enterprise was analyzed through a comparative research methodology. Findings A significant relationship exists between institutional distance and sustainable development of the Belt and Road countries. However, the barriers – for example, inhospitable culture and regulations for organizations in participating countries – could become pillars of success once resolved. Originality/value Previous studies lacked a standard framework to investigate how institutional distance is related to China’s outbound trade with the Belt and Road countries. The comparative analysis methodology adopted in this study fills this gap.


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