Nexus Between Money Laundering and Sustainable Development Goals

Development Goals ◽

Money laundering is a hot debate discussion among policymakers, as money laundering usually arises due to theft of money or other illegal activity. Such criminal activities damage every stakeholder of the economic cycle, whether it is trade, productivity, or contribution of the financial sector itself. Due to the fact money laundering makes the industrial growth process very slow and undercuts economic activities, which are essential for the development. This chapter explores the nexus between money laundering as a threat to a sustainable development goal from different angles. The discussion reveals that money laundering negatively impacts economic growth, and the fundamental pillar of sustainable development is economic growth. So can we achieve sustainable economic growth and development without controlling money laundering? The authors conclude it is not possible.

Principles of Sustainable Economic Growth and Development: A Call to Action in a Post-COVID-19 World

Sustainability ◽

10.3390/su132313126 ◽

2021 ◽

Vol 13 (23) ◽

pp. 13126

Author(s):

Victor I. Espinosa ◽

Miguel A. Alonso Neira ◽

Jesús Huerta de Soto

Keyword(s):

Economic Growth ◽

Sustainable Development ◽

Growth And Development ◽

State Intervention ◽

Sustainable Growth ◽

Market Process ◽

Genuine Savings ◽

Coercive State ◽

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.

Biotechnologies to Bridge the Schism in the Bioeconomy

Energies ◽

10.3390/en14248393 ◽

2021 ◽

Vol 14 (24) ◽

pp. 8393

Author(s):

Jim Philp

Keyword(s):

Economic Growth ◽

Sustainable Development ◽

United Nations ◽

Future Development ◽

Growth And Development ◽

Sustainable Development Goals ◽

Economic Sustainability ◽

Knowledge Based ◽

Development Goals

Schism is the new normal for the bioeconomy concept. Since its proliferation in governments, the concept has been adapted to fit national or regional exigencies. Earlier this century the knowledge-based bioeconomy (KBBE) in Europe was seen as a technical and knowledge fix in the evolving sustainability landscape. At the OECD, the concept was further honed by imagining a future where biotechnologies contribute significantly to economic growth and development. Countries started to make national bioeconomy strategies. Some countries have diverged and made the bioeconomy both much larger and more general, involving a wide variety of sectors, such as industry, energy, healthcare, agriculture, aquaculture, forestry and fishing. Whatever the approach, what seems to be consistent is the need to reconcile environmental, social and economic sustainability. This paper attempts to establish one schism that could have ramifications for the future development of the bioeconomy. Some countries, including some of the largest economies but not exclusively so, are clearly following a biotechnology model, whereas others are clearly not. In the wake of the COVID-19 pandemic, biotechnologies offer outstanding potential in healthcare, although this sector is by no means included in all bioeconomy strategies. The paper also attempts to clarify how biotechnologies can address the grand challenges and the United Nations Sustainable Development Goals. The communities of scientists seem to have no difficulty with this, but citizens and governments find it more difficult. In fact, some biotechnologies are already well established, whereas others are emerging and more controversial.

Sustainable economic growth and development of educational systems

JOURNAL OF INTERNATIONAL STUDIES ◽

10.14254/2071-8330.2017/10-3/21 ◽

2017 ◽

Vol 10 (3) ◽

pp. 285-292 ◽

Cited By ~ 3

Author(s):

Manuela Tvaronavičienė ◽

Anatoly Shishkin ◽

Peter Lukáč ◽

Nataliia Illiashenko ◽

Sergii Zapototskyi

Keyword(s):

Economic Growth ◽

Growth And Development ◽

Educational Systems ◽

HRM Practices in MSME'S for a Sustainable Economic Growth and Development of India

Asian Journal of Research in Social Sciences and Humanities ◽

10.5958/2249-7315.2016.00256.2 ◽

2016 ◽

Vol 6 (6) ◽

pp. 935

Author(s):

J Venkatesh ◽

TK Kirubaharan ◽

R. Lavanya Kumari

Keyword(s):

Economic Growth ◽

Growth And Development ◽

Hrm Practices ◽

THE WHISTLEBLOWING AS A CATALYST TO SUSTAINABLE ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA: A CONCEPTUAL REVIEW

Asian People Journal (APJ) ◽

10.37231/apj.2021.4.2.295 ◽

2021 ◽

Vol 4 (2) ◽

pp. 104-115

Author(s):

Sodiq O. Babatunde ◽

Saheed Ademola Lateef ◽

Wahid D. Olanipekun ◽

Haorayau B. Babalola

Keyword(s):

Economic Growth ◽

Public Space ◽

Growth And Development ◽

Public Institutions ◽

African Countries ◽

Whistle Blowing ◽

Transparency International ◽

The Public ◽

Abstract: Whistle-blowing activities around the world have generated huge interests from concerned parties such as the financial and public service, as the aftermath of its neglect often has dilapidating effects on the sustainability of economic growth and development of the nation. This is often seen in the 3rd world nations, such as Nigeria. This study aimed to examine the existing phenomenon between whistle-blowing, economic sustainability, growth and development of Nigeria. This study adopted the Theory of Planned Behavior. However, this was a literature review study that basically draws inferences from studies in this field from different continents (i.e. Europe, America, Asia and Africa). Consequently, the objective of this study was to conceptually investigate the whistle-blowing activities in Nigeria as to how it has assisted in curbing corruption in the public space in turn and improving the economic growth and development. In furtherance, this study reviewed events in African countries with close indexation with Nigeria. Therefore, this study concludes that whistle-blowing has a direct impact on sustainable economic growth and development of Nigeria. This is evident in the Transparency International index report. Lastly, this study recommends that whistleblowing policy should be properly implemented in public institutions to achieve minimum involvement of corruption in the country and that whistleblowers should be protected to encourage disclosure of corrupt acts in the public sector. This in turn will assist in the attainment of sustainable economic growth and development. Keyword: Whistleblowing, sustainable economic growth, theory of planned behaviour

Savings, Private Property and Sound Money

MISES Interdisciplinary Journal of Philosophy Law and Economics ◽

10.30800/mises.2018.v0.1091 ◽

2018 ◽

Cited By ~ 1

Author(s):

Anton Chamberlin ◽

G.P. Manish

Keyword(s):

Economic Growth ◽

Growth And Development ◽

Time Preference ◽

Private Property ◽

Higher Order ◽

Economic Calculation ◽

Austrian Tradition ◽

Monetary Order ◽

The overarching goal of this paper is to provide an answer to the following question from the perspective of economists working within the Mengerian or Austrian tradition: What are the essential pre-requisites and pre-conditions for a process of economic growth and development to take place? In course of our discussion, we focus on three important pre-requisites. First, we look at the implications of the presence of time preference, especially for the importance that savings have for adopting longer and more productive production processes and boosting productivity. Second, we analyze the problem of economic calculation and isolate the important institutional pre-conditions that are necessary for the allocation of higher order goods: private property in higher order goods and the use of money. These institutional pre-conditions, as we discuss, are thus also essential for the process of economic growth. And finally, we discuss the importance of a sound monetary order for generating sustainable economic growth.

Indonesia’s ways to sustainable economic growth and development

Handbook of Emerging Economies ◽

10.4324/9780203108765-14 ◽

2014 ◽

pp. 265-286

Author(s):

Zamroni Salim

Keyword(s):

Economic Growth ◽

Growth And Development ◽

Public Spending on Transport Infrastructure and Economic Growth in Nigeria, 1981-2010

Journal of Sociological Research ◽

10.5296/jsr.v4i2.4847 ◽

2013 ◽

Vol 4 (2) ◽

pp. 438 ◽

Cited By ~ 1

Author(s):

Amadi Chukwuemeka ◽

Amadi, Nyekachi Nyewe ◽

Nyenke, Christian Ugondah

Keyword(s):

Economic Growth ◽

Growth And Development ◽

Public Spending ◽

Least Square ◽

Transport Infrastructure ◽

Transport Sector ◽

Fiscal Responsibility ◽

Adequate Funding ◽

<p><em>Transport remains one of the major infrastructural facilities critical for sustainable economic growth and development of any nation including Nigeria. This paper examined public spending on transport infrastructure and economic growth in Nigeria. The study employed the Ordinary Least Square (OLS) regression method to analyze the data collected. The data analyzed show that public spending on transport infrastructure is negatively related to growth and insignificant. The study recommended that government must ensure adequate funding of transport sector. And that fiscal responsibility laws be properly implemented to ensure greater accountability and prudence in the funds allocated to transport sector. This would go a long way to boost employment, sustainable economic growth and development in Nigeria.</em></p>

The economic model of socialist Yugoslavia: The saga of self-destruction

Sociologija ◽

10.2298/soc1204695z ◽

2012 ◽

Vol 54 (4) ◽

pp. 695-720 ◽

Cited By ~ 2

Author(s):

Miodrag Zec ◽

Ognjen Radonjic

Keyword(s):

Economic Growth ◽

Economic Model ◽

Growth And Development ◽

Social Philosophy ◽

Future Generations ◽

Value System ◽

Post War ◽

Sustainable Economic Growth ◽

Society Today

This paper analyzes causes of the collapse of the economy of socialist Yugoslavia. At the heart of the problem was the inability of the Yugoslav economy to generate accumulation capable of financing sustainable economic growth and development. In the absence of clear ownership relations, in the entire post-war period, Yugoslav economy generated systemic deficits that would fall on the shoulders of future generations. After half a century of redistribution and not creating new value, growing political and social tensions at the federal and inter-republic level eventually led to the disintegration of the state. Unfortunately, camouflaged as "anti-communist communism" this paradigm is the lifeblood of Serbian society today. If the Serbian society does not build a new value system based on a new political and social philosophy it will experience a thorough devastation with unforeseeable harmful consequences.