Digital and economic transformations for sustainable development promotion: A case of OECD countries

Digitalization, dematerialization of production and consumption, and structural shifts in the direction of service economy forming do promote to reduction of material use and sustainable development. The paper aims to investigate the role of digital, structural, economic, and social factors in sustainable development promotion in OECD countries. The paper uses the data on digital achievements, social and economic development of OECD member states from World Bank data sources for the period 2007–2018. The random-effects GLS regression model is used, and empirical regression models to estimate the influence of key factors related to digital transformation on GDP per capita and CO2 emissions per capita are constructed. The results of the regression analysis show that using the number of Internet users as an indicator for achievement in digitalization has a positive and statistically significant influence on GDP per capita due to lower transaction costs and higher share service economy. An increase in urbanization rates (as an indicator of capital concentrations and labor specialization) by one percent promotes a GDP per capita increase of 299 USD. Also, an increase in Gini coefficient by one percentage point correlates with decrease in GDP per capita on 196 USD and the reduction of CO2 per capita by 0.12 tones due to the structural shifts in aggregate demand. Still, improvements in digital transformations have no significant environmental effect in OECD members, while processes related to urbanization, income inequality, and share of industrial output are important drivers for CO2 per capita reduction. AcknowledgmentsThe paper contains the results of a study conducted within the framework of research projects: “Sustainable development and resource security: from disruptive technologies to digital transformation of Ukrainian economy” (No. 0121U100470); “Fundamental bases of the phase transition to an additive economy: from disruptive technologies to institutional sociologization of decisions” (No. 0121U109557).

Gastronomic tourism

The article examines the concept and features of gastronomic tourism, its history and its importance in the modern world. It is noted that gastronomic tourism meets all the requirements in the transition from a service economy to an experience economy. The basis of gastronomic tourism is an authentic product identified by territorial characteristics and can attract tourists to the region. The uniqueness of gastro tourism is highlighted as it links such as policy development and integrated planning, product development and packaging, promotion and marketing, distribution and sales, and operations and services in tourism destinations, which are key core activities in the tourism value chain. Ancillary activities related to the gastronomic product include transport and infrastructure, human resource development, technology and systems of other ancillary goods and services, which may not be associated with the leading tourism business but have a significant impact on the value of tourism. The article discusses in detail the strategic plan for the development of gastro-tourism, which includes the following phases: analysis and diagnosis of the situation; general strategic planning; operational planning; informing and disseminating the plan.

High-Quality Development of the Modern Service Industry in Fuzhou, China

The development level of the modern service industry is a crucial measure of a city's comprehensive strength, regional competitiveness, development potential, and degree of modernization. Since the 13th Five-Year Plan, Fuzhou’s three major industries（the primary industry is agriculture, the secondary is industry and the tertiary is the service industry） have undergone substantial structural changes: the tertiary industry now contributes to half of the total gross domestic product, and the era of the service economy has arrived. This paper provides a comprehensive review of Fuzhou’s service industry development, and it includes a comparative analysis of service industry development between coastal and inner Fuzhou. Furthermore, this paper identifies gaps and insufficiencies in Fuzhou’s service industry and provides suggestions for promoting the high-quality development of the modern service industry in Fuzhou from the perspective of service sectors such as finance, retail, and logistics

POLYCENTRIC MODEL OF SPATIAL DEVELOPMENT OF AGGLOMERATION AS AN ACTUAL TREND IN THE DEVELOPMENT OF MODERN MEGAPOLISES

The article considers the model of development of modern megacities and substantiates the need for the formation of a polycentric structure of the spatial development of agglomerations. The current trends in the placement of educational, research, innovation, business and shopping and entertainment functions for the development of the agglomeration territory are analyzed, the structure of the risks of implementing a polycentric model of the development of the St. Petersburg agglomeration and the directions of their leveling and overcoming are proposed. As the most important driver for the polycentric development of the St. Petersburg agglomeration, the author highlights the creation of places of employment, both in the production and post-industrial spheres – the service economy and the knowledge economy, the IT sector.

IMPACT OF TOURISM ON JAMMU & KASHMIR ECONOMY

Tourism across the world is playing a great role in building the economies. Tourism is widely used for building the economic development and economic prosperity around the globe. Tourism sector is growing day by day and helping nations to build the economic prosperity of the country. Nations around the world are investing lot of money in building great infrastructure for tourism, so that they can attract tourists from around the world. & Kashmir is one of the leading tourist destinations where tourists love to be. It is that around 50%-60% people of the state are directly or indirectly related with the tourism. and Kashmir economy is a service economy where majority of revenue is coming from tourism sector. In this paper the topic of discussion was to know the impact of tourism on Jammu and Kashmir economy. Apart from that simple regression is used to know the impact of tourism on economy while taking the factors like GDP, EMPLOYMENT and PER-CAPITA INCOME. The results of the analysis were very tremendous it shows that tourism has significant impact on the factors which has been taken as a part of paper. There is a need to build more facilities and to work on some flaws. Tourists around the world love to visit the state because the state is blessed with the beauty of nature. The state should focus towards the infrastructure development so that more and more tourists visit every year.