Cases on Applying Knowledge Economy Principles for Economic Growth in Developing Nations

2022 ◽  
Keyword(s):  
Economic Growth ◽  
Knowledge Economy ◽  
Developing Nations

Sociological Analysis of Labor and Intellectual Migration of Young People in the Knowledge Economy

2020 ◽  
pp. 27-37
Author(s):  
E. М. Hayrapetyan ◽  
N. N. Pokrovskaia ◽  
A. B. Chernykh
Keyword(s):  
Economic Growth ◽  
Human Resources ◽  
Knowledge Economy ◽  
Social Factors ◽  
Structural Changes ◽  
Sociological Analysis ◽  
Long Period ◽  
Migration Study ◽  
The Social ◽  
Communication Difficulties

Fundamental sociological theories of migration study reveal the motives for an individual’s and households’ making decision to migrate, as well as the social factors and consequences of the unfolding of migration processes. Structural changes taking place in society caused by both the innovative nature of economic growth as a whole and the digitalization and expansion of information and telecommunications technologies imply the perception of the phenomenon of migration not only as a territorial movement of the population in space for a long period. Digitalization and development of remote forms of work, in particular, reduces the need for physical concentration of human resources, which allows people to choose the most comfortable places to live. Special attention is paid to the Diaspora, which is one of the important tools for solving communication difficulties. The sociological analysis of migration processes in Armenia illustrates the application of the main concepts, in particular, networked migration and reliance on the Diaspora.

Innovation, ICT penetration, trade and economic growth in developing and developed countries: a VECM approach

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Parul Singh ◽  
Areej Aftab Siddiqui
Keyword(s):  
Economic Growth ◽  
Error Correction ◽  
Developing Nations ◽  
Vector Error Correction Model ◽  
Correction Model ◽  
Content Type ◽  
Vector Error Correction ◽  
Vector Error ◽  
Short Run ◽  
Developed Nations

Purpose The development in information communication and technology (ICT) has led to many changes such as reorganization of economics, globalization and trade. With more innovation processes being organized and adopted across technologies, trade, etc., these are getting more closely related and needs fresh research perspective. This study aims to empirically investigate the interrelationship between ICT penetration, innovation, trade and economic growth in 20 developed and developing nations from 1995 to 2018. Design/methodology/approach The present paper examines both long-run and short-run relationships between the four variables, namely, innovation, ICT penetration, trade and economic growth, by applying panel estimation techniques of regression and vector error correction model. ICT penetration and innovation indices are constructed using principle component analysis technique. Findings The findings of the study highlight that for developed nations, growth, trade and innovation are significantly interlinked with no significant role of ICT penetration While for developing nations, significant relationship is present between growth and trade, ICT penetration and innovation. With respect to trade, in case of developed nations, significant relationship is present with ICT penetration. While for developing nations there is no significant result for trade promotion. On further employing the vector error correction model, the presence of short run causality between growth, trade and innovation in case of developed nations is established but no such causality between variables for developing nations is seen. Originality/value The present paper adds to the existing strand of literature examining interlinkage between innovation and growth by introducing new variables of ICT penetration and innovation.

scholarly journals Economic Justice and Judicial Structure

2020 ◽  
Vol 2 (1) ◽  
pp. 25-34
Author(s):  
Olalekan Moyosore Lalude ◽  
Ayodeji Fatehinse
Keyword(s):  
Economic Growth ◽  
Content Analysis ◽  
Rule Of Law ◽  
Economic Justice ◽  
Developing Nations ◽  
Qualitative Approach ◽  
Judicial System ◽  
The Rule Of Law ◽  
Economic Goods ◽  
Effective Distribution

Economic justice is the expression of the effective distribution of economic goods. This could be realized through judicial mechanisms.   Effective judicial systems are the platform on which economic justice can be actualized. There is a positive connection between economic justice and an effective judicial system, and this is usually measured by the rule of law and the level of its regard.  The paper argued that one of the established dysfunctional characteristics of developing nations is the failure of their judicial system to deliver economic justice and the inability of the state to coordinate the integrity of its institutions. This paper employed a qualitative approach in its exploration of the issues. It engaged content analysis in the processing of the arguments it advanced. The paper argued that the resolution of economic justice and other institutional considerations could help in economic growth, especially in Nigeria. The paper concluded by suggesting that judicial structure must be strengthened in order to derive the capacity needed to realize economic justice in Nigeria.

Introduction

2019 ◽  
pp. 1-52
Author(s):  
Torben Iversen ◽  
David Soskice
Keyword(s):  
Economic Growth ◽  
Knowledge Economy ◽  
Wealth Accumulation ◽  
Main Argument ◽  
Middle Classes ◽  
Democratic State ◽  
Advanced Economies ◽  
Late Nineteenth ◽  
Over Time

This introductory chapter provides an overview of the book's main themes. The main argument is that over time, the advanced capitalist democratic state has paradoxically become strengthened through globalization. The spread of neoliberal ideas reflects the demand of decisive voters from the middle and upper middle classes to fuel economic growth, wealth, and opportunity in the emerging knowledge economy. The “laws” of capitalism driving wealth accumulation are in fact politically and, largely, democratically manufactured. This was true to a large extent at the formation of advanced economies in the late nineteenth and early twentieth centuries, but it is especially true in today's supposedly borderless economy.

scholarly journals Human Capital as an Object of Accounting in the Knowledge Economy

2019 ◽  
Vol 71 ◽  
pp. 05003
Author(s):  
O. Kogut
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Knowledge Economy ◽  
Practical Interest ◽  
Main Role ◽  
Independent Factor ◽  
Modern Economy ◽  
Productive Factor ◽  
Definition Of

The modern economy is called the economy of effective human capital, which emphasizes its main role in the development of the economy and society as a productive factor. Human capital is becoming the most important factor in the country's economic growth, the foundation of sustainable economic development. The article considers approaches to the definition of the concept and theoretical content of the category of human capital, its importance for the development of areas of science and practice. It is revealed that human capital is a necessary independent factor determining economic growth. The necessity of reflecting human capital in the system of accounting and reporting of firms is substantiated. The main problems of recognition of this most important factor of production are revealed, the directions of their further solution are determined. The scientific and practical necessity of introducing a new object of accounting and analysis of human capital is substantiated. The article contains information and conclusions that are of practical interest to firms.

The Mexican Revolution and Health Care or the Health of the Mexican Revolution

1985 ◽  
Vol 15 (3) ◽  
pp. 485-499 ◽  
Author(s):  
James J. Horn
Keyword(s):  
Economic Growth ◽  
Health Care ◽  
Development Strategy ◽  
Social System ◽  
Capital Accumulation ◽  
Mexican Revolution ◽  
Developing Nations ◽  
Social Revolution ◽  
Post War ◽  
The Revolution

Despite a victorious social revolution, a self-proclaimed “revolutionary” government, and a significant post-war economic growth, Mexico has not achieved a just or equitable social system. The Mexican Revolution led to the emergence of a new bureaucratic class whose “trickle-down” development strategy sacrificed social welfare to capital accumulation. Mexican morbidity and mortality patterns resemble those of more impoverished developing nations without revolutionary experience. The patterns of health care in Mexico reflect inequities and contradictions in the society and economy at large and flow from the erosion of the egalitarian aims of the revolution concomitant with the expansion of capitalism and the concentration of the benefits of “modernization” in the hands of privileged elites. Mexico's health problems are symptomatic of a general socio-economic malaise which questions the legitimacy of the Revolution.

scholarly journals Global Talent Flows

2016 ◽  
Vol 30 (4) ◽  
pp. 83-106 ◽  
Author(s):  
Sari Pekkala Kerr ◽  
William Kerr ◽  
Çağlar Özden ◽  
Christopher Parsons
Keyword(s):  
Economic Growth ◽  
Knowledge Economy ◽  
Skilled Workers ◽  
Skilled Migration ◽  
Global Migration ◽  
Worldwide Distribution ◽  
Highly Skilled ◽  
Migration Flows ◽  
The Individual

Highly skilled workers play a central and starring role in today's knowledge economy. Talented individuals make exceptional direct contributions—including breakthrough innovations and scientific discoveries—and coordinate and guide the actions of many others, propelling the knowledge frontier and spurring economic growth. In this process, the mobility of skilled workers becomes critical to enhancing productivity. Substantial attention has been paid to understanding the worldwide distribution of talent and how global migration flows further tilt the deck. Using newly available data, we first review the landscape of global talent mobility. We next consider the determinants of global talent flows at the individual and firm levels and sketch some important implications. Third, we review the national gatekeepers for skilled migration and broad differences in approaches used to select migrants for admission. Looking forward, the capacity of people, firms, and countries to successfully navigate this tangled web of global talent will be critical to their success.

The Tyranny of Monopoly-Finance Capital: A Chinese Perspective

2017 ◽  
Vol 68 (9) ◽  
pp. 29 ◽  
Author(s):  
Sit Tsui ◽  
Erebus Wong ◽  
Lau Kin Chi ◽  
Wen Tiejun
Keyword(s):  
Economic Growth ◽  
Developing Nations ◽  
State Violence ◽  
Financial Capital ◽  
Monopoly Power ◽  
Popular Resistance ◽  
Monthly Review ◽  
The Core ◽  
Finance Capital ◽  
Chinese Perspective

Since the 1980s, economic growth in the core capitalist countries has been driven by an enormous expansion of financial capital, accompanied by steady deindustrialization. In recent years, the monopoly power of this financial capital has displayed increasingly tyrannical characteristics: it depends for its continued growth on ever-increasing indebtedness and dependence in developing nations, widening the divide between rich and poor and ultimately fostering state violence that serves to suppress popular resistance.… [Today,] military and monetary strength work together to profit from inequality and instability in emerging economies.Click here to purchase a PDF version of this article at the Monthly Review website.

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