A new market instrument for sustainable economic and environmental development.

This research delves into the pivotal role of Financial Technology (FinTech) in advancing the financial sector, sustainable development, and financial inclusion. Employing a descriptive-qualitative approach and the systematic literature review (SLR) method, the study investigates FinTech's interplay with Sustainable Development, Financial Inclusion, and Economic Development globally. A meticulous Scopus search utilizing keywords like "Fintech," "SDGs," "Financial Inclusion," and "Economic Development" ensures a thorough review of pertinent literature. The results underscore FinTech's substantial impact on Sustainable Development, Financial Inclusion, and Economic Development, acting as a crucial catalyst for financial inclusion and mediating sustainable growth through financial literacy. Furthermore, FinTech exhibits the potential to underpin sustainable economic growth, financial inclusion, and Economic Development by enhancing financial service accessibility, reducing poverty, and fostering gender equality. Challenges persist, particularly in the Pacific region, where issues of accessibility, awareness, literacy, and trust impede FinTech adoption. The study advocates for awareness campaigns, financial education, and infrastructure development to surmount these obstacles. In conclusion, while FinTech significantly influences financial inclusion and economic growth, its broader impact on Sustainable Development, Financial Inclusion, and Economic Development necessitates careful consideration. The research emphasizes the imperative for interdisciplinary collaboration, global cooperation, and vigilant strategies to address challenges and leverage opportunities arising from the rapid integration of digital financial services for inclusive and sustainable Economic Development.

The purpose of this article is to solve the problem of whether there is a correlation between sustainable economic and environmental development strategies in China. Currently, there are few studies on the relationship between sustainable development strategies in the economic and environmental sectors. The main objective of this study is China’s sustainable economic and environmental development strategies. The author mainly uses literature research and quantitative analysis to prove if there is a correlation between economic and environmental development strategies. The author divides the development of environmental strategies in China into four phases. The first two phases are characterized by “pollute first, clean up later” development mode, which shows no sign of the correlation between economic and environmental development strategies. The latter two phases are featured by the balance between sustainable economic and environmental development, which clarifies the correlation between sustainable economic and environmental development strategies. It is shown that sustainable economic and environmental development strategies are correlated with each other. There is a mutually reinforcing relationship between sustainable economic and environmental development strategies. They are interdependent and mutually supportive.KeywordsChinaSustainable economic development strategiesSustainable environmental development strategiesCorrelationReinforcing relationshipJEL ClassificationJ24C54J64

PurposeThe COVID-19 pandemic is still raging, which calls for an exploration of how to prevent and control pandemics to promote sustainable development. The purpose of this paper is to examine the role of the digital economy in sustainable development, the relationship between the two, the impacts of the outbreak on economic and social development, and changes in China's digital economy.Design/methodology/approachThe study used the time-series data from 2002 to 2019 and an unconstrained VAR model to examine the relationship between the digital economy and sustainable development before the pandemic.FindingsChina's digital economy has promoted the country's sustainable economic and social development; it has advanced rapid economic growth, improved people's living standards, increased efficient utilization of resources, and strengthened environmental protection.Research limitations/implicationsAmid the pandemic, China's digital economy developed effectively; it showed strong resilience because of its unique advantages. The digital economy in China has helped the country to control the pandemic in a short period, reduced the risk of supply chain disruption, promoted China's economic growth, and ensured the orderly operation of society. Therefore, countries worldwide are encouraged to prioritize their digital economies.Originality/valueCompared with the extant literature, this study explores the sustainable supply chain in a broader sense in the context of a pandemic, and how the supply chain is influenced by the digital economy. It not only includes the stability, resilience, and viability of the supply chain in economic development but also involves aspects of people's life, resource utilization, and environmental protection.

New energy technology innovation and sustainable economic development in the complex scientific environment

The Study x-rayed diaspora remittance, the Nigerian financial system and sustainable economic development in Nigeria. The study used remittance inflows as measure of Diaspora Remittance and the Gross Domestic Product (GDP) as a measure of sustainable economic development. The study examined the absorptive capacity of the Nigerian financial system to mobilize diapora remittance and transform same into sustainable economic growth and development. Content Analysis (CA) technique was deployed to analyse and examine the data collected from the Central Bank of Nigeria (CBN) Statistical Bulletins for various years, Nigerian Bureau of Statistics (NBS) and the World Bank Development Indicators data base from 1987 to 2020. The data are comprised of the values of diaspora remittance, Gross Domestic product (GDP) and Official development Assistance (ODA). The analysis of the data revealed that the Nigerian financial system mobilized millions and billions of US dollars in remittance into the economy for the period which span thirty fours years with diaspora remittance reaching its peak of twenty six billion, eight hundred and ninety one million, nine hundred and eighty thousand two hundred dollars in 2011. Between 2011 and 2020, the Nigerian financial system raked in an average of twenty five billion US dollars in remittance inflows into the economy. Following from the foregoing findings, the study recommended that the Central Bank of Nigeria (CBN) being the monetary and regulatory authority of the banking system, should formulate policies that would further encourage the inflow of Diaspora remittance through the banking system such that diaspora remittances are well utilized to boost employment generation in order to engender sustainable economic growth and development.

The United Nations sustainable development goals aim to promote global industrialization and innovation and achieve sustainable and inclusive economic development by 2030. The sustainable growth of provincial economies has emerged as a critical component of the national plan as China’s economy transitions to a new normal. This article builds an assessment index system encompassing the four "economy–society–ecology–innovation" dimensions to better assess the degree of sustainable economic development in China’s regions. It then uses the gray correlation analysis method to measure and analyze the sustainable economic development of China’s regions from 2006 to 2017. Additionally, the spatial evolution characteristics of each region’s sustainable economic development and spatial pattern are investigated through exploratory spatial data analysis and GIS spatial analysis techniques. This essay seeks to support the region’s economy in achieving sustainable development by offering theoretical underpinnings and useful advice for the creation of successful regional development plans. The study’s findings indicate that in 2017, the assessed value of the level of economic sustainability of China’s regions averaged 0.7156, an increase of 7.3% compared to 2006 while the degree of sustainable economic development in the rest of China, except Inner Mongolia, Shaanxi, and Xinjiang, has steadily increased between 2006 and 2017, the gap between the regions has also widened, with the eastern region having a much higher level of sustainable economic development than the central and western regions. An analysis of the spatial evolution reveals that the degree of sustainable economic development in every region of China generally increases in positive spatial correlation. Its spatial agglomeration is becoming increasingly apparent, with more regions becoming high-high-type and low-low-type agglomerations. Regional wealth disparities, ecological governance capabilities, and technological innovation levels were identified at the local level as essential factors for provincial economic sustainable development, with varying impacts across different regions.

The paper examined the Public Enterprise Administration (PEA) needed to reduce the high rate of poverty, enhance employment opportunities, impact economic growth and ensure Sustainable Economic Development (SED) in Nigeria. SED sought to ensure that the poor have access to sustainable and secured sources of livelihood through policy implementation, incentives and natural resources management. The Agency theory was adopted as a theoretical framework while the descriptive research method was employed to analyze secondary data contextually. The study revealed, among other things, that public enterprise administration has a significant direct relationship with sustainable economic growth and development in Nigeria and that public service delivery by most public enterprises in Nigeria was significantly hindered by corruption and other rent-seeking activities. It concluded that SED can be achieved through PEA by harmonizing the three core indicators of economic growth, social inclusion and environmental protection to promote the well-being of individuals in Nigeria. It recommended proper governance of public enterprises to promote transparency and accountability for sustainable economic growth and development, the building of new technology and innovation, Public-Private Partnership (PPP) to create more job opportunities, proper monitoring and evaluation of the governance process to limit corruption/frauds in PEA.

With an emphasis on local economic independence and community empowerment, this publication examines sustainable economic development tactics in villages. The purpose of this study is to present an integrated and comprehensive picture of sustainable village economic development. The researchers assessed economic development initiatives in several community areas in Indonesia, using qualitative descriptive methods. The study findings suggest that a comprehensive and integrated approach that considers the economic, social, cultural, and environmental demands of the local population is necessary for sustainable economic development in villages. To achieve local economic independence, community empowerment through active community involvement in the formulation and implementation of economic development programs is essential. The authors of this article suggest a sustainable economic development plan for villages that is based on the ideas of community empowerment and participation. Leveraging local resources, strengthening organizations and cooperatives, empowering women and youth, developing small and medium enterprises and the agricultural sector, and implementing sustainable environmental management are all part of this plan. In conclusion, a comprehensive and integrated approach that emphasizes local economic independence and community empowerment can lead to sustainable economic development in villages. Such a plan can improve the welfare of village communities and encourage sustainable economic growth.

With an emphasis on local economic independence and community empowerment, this publication examines sustainable economic development tactics in villages. The purpose of this study is to present an integrated and comprehensive picture of sustainable village economic development. The researcher assesses economic development initiatives in several community areas in Indonesia, using qualitative descriptive methods. The findings of the study show that a comprehensive and integrated approach that considers the economic, social, cultural, and environmental demands of the local population is necessary for sustainable economic development in villages. To achieve local economic independence, community empowerment through active community involvement in the formulation and implementation of economic development programs is very important. The author of this article suggests a sustainable economic development plan for villages that is based on the ideas of community empowerment and participation. Harnessing local resources, strengthening organizations and cooperatives, empowering women and youth, developing small and medium-sized enterprises and the agricultural sector, and implementing sustainable environmental management are all parts of this plan. In conclusion, a comprehensive and integrated approach that emphasizes local economic independence and community empowerment can lead to sustainable economic development in villages. The plan can improve the welfare of the village community and encourage sustainable economic growth.

The essential requirement for sustainable development is to meet the needs of contemporary people, but not to damage the ability development that satisfies the requirements of future generations. The realization of quantitative evaluation lays the foundation for implementing the strategy of sustainable development. The sustainable development evaluation system for water tourism can be divided into five subsystems, namely, sustainable economic development, sustainable social development, sustainable environmental development,sustainable management development, and development conditions and potentials. Composed of 28 index factors, this evaluation system measures index weight coefficients by using AHP with the support of entropy technology. By conducting an empirical study on three typical water tourism destinations(National Water Conservancy Scenic Spots) in Nanjing, this study indicates the sustainable development level rankings of the three destinations, that is, Taurus Lake(0.896), Pearl Spring(0.883) and Outer Qinhuai River(0.796) respectively. The Jinniu Lake is particularly outstanding with respect to the environment, while the Pearl Spring ranks first in other aspects. The Outer Qinhuai River is superior to others in terms of development conditions and potential, however, it is inferior to others in the remaining aspects. Aiming at specific evaluation data, this paper proposes policy recommendations for the three destinations with regard to sustainable development requiring urgent improvement.

Subject. The article addresses conditions for sustainable development of the Russian economy. Objectives. The purpose is to link the limit of sustainability of the Russian economy with required conditions. Methods. The study draws on the systems approach, using the methods of statistical, neural network, and cluster analysis. Results. I describe scientific ideas about sustainable development of economy, which have been developed in theoretical and practical activities. The World Bank data on environment, social affairs and governance on 17 key sustainable development topics, covering environmental, social and management categories, are used to determine conditions for sustainability of the Russian economy. The neural network analysis of the importance of indicators’ rate of increment shows a hierarchy of priorities. The cluster analysis of indicators’ rate of increment identifies significant clusters. The analysis of key priorities of sustainable development of the Russian economy enables to reveal significant deviations in political stability and in access to electricity. Conclusions. Conditions for sustainable development of the Russian economy are determined by their proximity to the United Nations Sustainable Development Goals. Identifying these conditions in the globalizing world creates an understanding of the real limit and opportunities of the country's development.

Subject. The article focuses on the need to coordinate efforts stimulating the economic growth and environmental protection so as to drive the economic development without any losses and difficulties. Objectives. In the study, we examine the mechanism for the mutual impact of the economic growth in industries and the environmental protections so as to build the empirical basis for the reasonable natural protection policy. Methods. Theoretical projects are based on the analysis of economic literature and empirical studies on resources, environment and sustainable economic development in the existing theories of economic growth. Results. We substantiate and corroborate the assumption that the gist of green development implies the sustainable economic and social development driven by a concerted and sustainable economic and environmental growth. The understanding of natural environment should be totally revised so as to convey that the natural environment is not a resource that can be consumed eternally, but does have its own limits. Conclusions and Relevance. In the future, Russia’s economy should rely upon the sustainable development model, where the green constituent will dictate a new strategy underlying the national economic growth and advancement.

Evaluating the role of ecological efficiency dependence for sustainable regional economic development in China.

This paper is a qualitative analysis of the critical role of government in promoting inclusive sustainable economic growth and development. This critical role of government transcends beyond an economy’s experience of normal economic life or economic crisis, the type of economic system that is being practiced by a nation, and the level of development of a nation. The reason is that government serves as a stimulator, driver, sparker, lubricator, and the co-ordinator of the other economic units to create a conducive environment needed for private sector growth and the overall development of an economy. Though, the state also has its deficiencies in resource allocation and the management of the economy, a poorly functioning government portends economic doom. The exclusive roles of governments in promoting inclusive sustainable economic growth and development are: smoothening markets activities, promoting better macroeconomic performances, driving, sparking, stimulating, and lubricating the private sector for growth, mitigating social vices, undertaking financial sector cleanup, stabilisation, restructuring, providing stimulus packages to address economic meltdowns or recessions, and combating pandemics. This study concludes that the state serves as an engine of inclusive sustainable economic growth and development. This study recommends that governments must be held accountable by their citizenry and the international community for their actions and inactions and should be prevented from shirking their responsibilities to their societies. They need to be more efficient and proactive in ensuring public sector efficiency so as to spearhead economic growth and development. Again, the roles of the state and the private sector in promoting inclusive sustainable economic growth and development must not be mutually exclusive. Every economy must strive for a healthy balance between private sector and state planning that will lead to inclusive sustainable economic growth and development. Governments must promote effective governance and combat corruption both in the private and public sectors of every economy.

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.