scholarly journals MODERN TECHNOLOGIES AS A DETERMINANT OF SUSTAINABLE ECONOMIC GROWTH AND DEVELOPMENT OF SMALL OPEN ECONOMIES

2021 ◽  
Vol 19 (34) ◽  
Author(s):  
Radomir Božić
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Industry 4.0 ◽  
Business Processes ◽  
Open Economies ◽  
Developed Countries ◽  
Small Open Economies ◽  
Negative Consequences ◽  
Western Balkans ◽  
Economic Growth And Development

The modern age is characterized by strong development and application of information and communication tech- nologies (ICT) and Industry 4.0, which determine sig- nificant changes in the economy and society as a whole, and especially affect production and business processes, economic growth and development, productivity, busi- ness models, required qualifications and workers’ skills, the education system, as well as people’s daily lives. Thanks to that, developed countries are already achiev- ing significant effects in terms of efficiency, productiv- ity, flexibility, gross domestic product (GDP) and living standards growth, and there are opportunities for small open economies to create their own approaches to accel- erate growth and convergence with developed countries. Otherwise, the negative consequences known as digital sharing are also possible. The aim of this paper is to present, based on relevant lit- erature and experiences of individual countries, the po- tentials, challenges and possible responses of economic and business policy makers aimed at the application of ICT and Industry 4.0 in small open economies, such as the Western Balkans. The paper is structured as follows: Introductory remarks - elaboration of the theoretical basis, characteristics and implications of ICT and Industry 4.0 on the economy and society as a whole; Methodology - review of rel- evant current literature; Results - presentation of basic potentials, challenges and possible responses of small open economies in the function of accelerating econom- ic growth; and Discussion - concluding remarks and rec- ommendations for possible responses.

E-Commerce Contribution to Economic Growth

2011 ◽  
pp. 140-154
Author(s):  
Ing-wei Huang ◽  
Songsak Vanichviroon
Keyword(s):  
Economic Growth ◽  
21St Century ◽  
Growth And Development ◽  
Developing Economies ◽  
Past Research ◽  
Developed Countries ◽  
Economic Growth And Development ◽  
Research Findings ◽  
Ict Development

As the trend of ICT development is gaining larger influence over countries’ development and growth, e-commerce plays an important role in enhancing the growth of several developed and developing economies over the 21st century. This paper aims to build the analytical base to support the importance of the development of e-commerce. This is by investigating the role and contribution of e-commerce to economic growth and development. The paper first investigates past contribution of e-commerce to economic growth in developed countries. Second, past research findings and framework are utilized to investigate the contribution of e-commerce towards economic growth focusing on the case of e-commerce in Thailand. The study found that e-commerce plays an important role in enhancing economic growth of Thailand. Two important findings had supported the growth of e-commerce. First is the increase in sales generated by the use of e-commerce. Second, e-commerce induces productivity development of firms through higher competition and innovation.

scholarly journals On the issue of growth and development within the context of tourism

2015 ◽  
Vol 3 (2) ◽  
pp. 127-146 ◽  
Author(s):  
Ondřej Repík
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Negative Consequences ◽  
Economic Growth And Development

Abstract The question of growth and development is an issue much discussed by professionals as well as the wide public. These discussions are increasingly concerned with tourism, its significance for economic growth and development and its positive and negative consequences. The question of how tourism is to be coordinated in order to help achieve set priorities in the most effective way is related to this. The following text gives a summary of miscellaneous approaches to and views on this issue.

scholarly journals The Geographic Determinants of Economic Growth and the Increasing Albania-Kosovo Trade Relations

2020 ◽  
Vol 9 (2) ◽  
pp. 18
Author(s):  
Valbona Mehmeti
Keyword(s):  
Economic Growth ◽  
Growth And Development ◽  
Economic Behavior ◽  
Trade Volume ◽  
Western Balkans ◽  
Economic Growth And Development ◽  
Trade Relations ◽  
Food Productivity ◽  
Determinants Of Economic Growth ◽  
Shed Light

For the last few years, the trade volume between Albania and Kosovo has increased considerably, clearly showing that, on top of many other factors, the geographic determinants of economic growth and development must never be underestimated. On the other hand, the ever-closer economic integration of Albania and Kosovo is only natural and should not be considered as a cause for political rifts in the Western Balkans. The paper will go through the various documents and agreements adopted by Tirana and Pristina to promote mutual trade relations, and it will refer to an abundance of data indicating the improving trade relations. Subsequently, the paper will shed light on the patterns of economic behavior that Albania and Kosovo show, a behavior which can be better comprehended under the framework of geographic determinants of economic growth and development, such as location, resources, food productivity, population and population growth, regionalization, culture, etc.

scholarly journals Ujęcie jakości życia w badaniu stanu zielonej gospodarki

Ekonomia ◽  
2018 ◽  
Vol 23 (4) ◽  
pp. 11-26
Author(s):  
Helena Artemiuk ◽  
Dorota Wyszkowska ◽  
Anna Godlewska
Keyword(s):  
Quality Of Life ◽  
Economic Growth ◽  
Growth And Development ◽  
The State ◽  
Green Economy ◽  
Future Generations ◽  
Negative Consequences ◽  
Economic Growth And Development ◽  
Effi Ciency

Quality of life in green economy surveyNature is a source of everything that surrounds us. Resources of our planet are, however, limited and the rate at which they are used leads to negative consequences not only for the globe, but also for its inhabitants. Pressure on environment is so great that it threatens the supply of resources to satisfy the residents’ needs and their wellbeing. Only responsible activity of humans in terms of development perspectives may limit excessive exploitation of natural environment and preserve it for future generations, while simultaneously lead to economic growth and development. One of such perspectives is the introduction of „green economy”. It is a set of activities undertaken to increase economic growth while taking due care of environment. “Green economy” involves monitoring of the effi ciency of the aforementioned activities and of the state of greening the economy. Polish public statistics has put forth a set of measurements which can be used for this monitoring. The aim of this article is to evaluate the quality of life in Poland with the use of specially selected set of indices used to assess the state of green economy. This work consists of two parts. The fi rst presents both theoretical aspects of green economy and indices to measure it. The other, however, focuses on Poland against the background of a selected group of indices, which can describe and assess the quality of life of Polish residents.

scholarly journals Foreign Aid in Nepal: Importance, Trends and Government Initiatives

2017 ◽  
Vol 40 (1-4) ◽  
pp. 44-52
Author(s):  
Sukanta Sarkar
Keyword(s):  
Economic Growth ◽  
Foreign Aid ◽  
Growth And Development ◽  
Poverty Reduction ◽  
Developed Countries ◽  
The United States ◽  
Sustainable Growth ◽  
Economic Growth And Development ◽  
Sustainable Economic Growth ◽  
The International Monetary Fund

Economic growth and development are in the forefront of international relations and policy making. Developed countries such as the United States and international organizations such as the World Bank and the International Monetary Fund provide assistance that attempts to help the economic growth of developing countries. Foreign aid has been recognized as the most crucial factor in enhancing economic development in many countries. Foreign aid is crucial factor to achieve higher and sustainable economic growth and development of Nepal. However, aid must be linked with sustainable growth and poverty reduction. The objectives of the paper are to study the importance, trends and government initiatives of foreign aids in Nepal.

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