Encouraging Community Empowerment and Local Economic Independence in Villages through Sustainable Economic Development Techniques

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.

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 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.

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.

This study aimed to explain conceptual the role of Zakat on sustainable economic development by Rumah Zakat. Rumah Zakat is a philanthropic institution that manage zakat and other social funds through community empowerment programs. In running the program, including economic empowerment and socio health services are designed for these recipients. Rumah Zakat connection with the establisment of SDGs (Sustainable Development Goals) which is to help impoverished recipients economically and socially. The primary goal of Zakat on sustainable economic development, not only limited to economic variables, but based on Islamic principles has comprehensive characteristics. The characteristics includes moral, material, spiritual and social aspects. In other words, sustainable economic development is closely related to improving people living standar. The purpose of this study was to identity the role of Zakat on sustainable economic development, which was applied by Rumah Zakat. This study used the descriptive method and qualitative analysis. The data source was secondary data collected from documents and texts related to the research topic, be it books, articles, newspapers, journals or others. The results showed that the role of zakat on sustainable economic development by rumah zakat has been quite good and in accordance with the principle of Islamic economics. The contribution of the program productive implementation has been aligned with four goals in the sustainable development i.e. Senyum Juara, Senyum Lestari, Senyum Mandiri and Senyum Sehat. Performance of Rumah Zakat in the sustainable economic empowerment community taking into account dimensions such as input, process, output and outcome.

Abstract. The concept of sustainable development is the main global challenge of the XXI century. The adoption of sustainable development goals at the UN Summit in 2015 outlined key strategic and operational goals for the world community until 2030. The conceptual goals of sustainable development of economic and social systems declared at the international level require the state authorities of the world to implement national strategies and relevant development programs. The article outlines the features of the paradigm of sustainable development for the agricultural sector, which are due to the importance of balanced functioning of economic, environmental, social, innovation and investment and the system of foreign economic relations of the agro-food sector in the economic complex of Ukraine. The economic, ecological and social expediency of the development of the agro-industrial branch is outlined. The advantages of the financial strategy as a holistic system, strategic and operational goals of the transition to integrated economic, social and environmental development of the country by 2030, which provides sustainable economic development in the agricultural sector for productive regional development and requires a defined national and regional program of stable functioning of the agricultural sector. It is investigated that the key tasks of sustainable economic development of Ukraine's agricultural sector are a fundamentally new structural policy, building its own food potential, overcoming the energy crisis, forming an effective institutional policy in the system of public management of sustainable agricultural development in the regional dimension. The author's structural scheme of grouping of objects and factors of management of sustainable development of the agricultural sector is offered. The sequence of assessing the level of sustainable development of the agricultural sector of Ukraine in the regional dimension is illustrated and determined in order to further the long-term implementation of the financial strategy of sustainable development at the national level. Keywords: strategy, financial strategy, sustainable development, sustainable economicdevelopment, agricultural sector.JEL Classification Q01, Q13, Q18Formulas: 0; fig.: 3; tabl.: 0; bibl.: 12.

Africa's need for accelerated development demands that all implements and instruments which can encourage economic empowerment and sustainable development be carefully assessed with a view to invigorating them for greater effectiveness. To this end, this study examined strategies for optimizing business education as an instrument of economic empowerment and sustainable development in Nigeria. Descriptive survey research design and four research questions guided the study: The population comprised 28 members of academic staff in the two tertiary institutions in Osun State, Nigeria offering Business Education programme. No sample was drawn as the entire population was studied because of the manageable size of the population. A structured questionnaire with 40 items tagged Strategies for Optimizing Business Education for Economic Empowerment and Sustainable Development Index Questionnaire (SOBEEESDIQ) was used to collect data from the respondents. The instrument was validated by two experts in the Business Education Department. Mean and standard deviation were used to analyze the data collected in order to answer the research questions. The study identified various strategies that could be developed to optimize business education as an instrument of economic empowerment and sustainable development. These include curriculum enrichment, improved funding, better public relations strategies, and industrial collaboration. The study concluded that these strategies were important to business education to achieve economic empowerment and sustainable development. It was recommended that business education curriculum should be enriched with relevant courses required in today's global world and should be provided with adequate funds, while students and teachers should be encouraged to participate fully in industrial training so that the objectives of business education programmes in achieving economic empowerment and sustainable development may be actualized.

In the article the mechanism of realization of the program of sustainable development of the economy of the region with the predominance of the type of economic activity (PVC) is considered. The procedure for implementing the program for sustainable development of the region's economy was developed with the predominance of a separate type of economic activity: strategic vision, assessing the sufficiency of strategic resources, strategic planning, analyzing the attainability of strategic goals, program decomposition, control and regulation. The functional structure of the dominant type of economic activity in the regional economy and the cybernetic scheme for allocating resources for the sustainable development of the region's economy with PVC are developed. The result of using the simulation model of the sustainable development of the economy of the Lipetsk region for the period until 2020 was adapted. A matrix of mutual influence among the participants of the regional economy on each other and a matrix of opportunities for accessing the competencies of the regional economy to the available resources were constructed. The distribution of resources between competences in the economy of the Lipetsk region is calculated. A mechanism has been created for the implementation of the program for the sustainable development of the region's economy with the predominance of a separate type of economic activity.Purpose: to present the author's mechanism for implementing the program for sustainable development of the region's economy with the predominance of a separate type of economic activity.Methods: the scientific article is based on the provisions of the neoclassical institutional theory, the principles of sustainable development and the basic postulates of the regional economy. The article uses comparative, tabular, graphical and economic-statistical methods.Results: the final form of the mechanism for implementing the program for sustainable development of the region's economy was drawn up with the involvement of the predominant type of economic activity. It has been established that the development of a mechanism for the implementation of the sustainable development program for the region's economy with PVCD implies the use of a "contour-modular" approach in which all the main contours of the management of functional areas are linked within the modules describing the main stakeholder groups. Conclusions and Relevance: the practical significance of the developed mechanism lies in the fact that it can be used in any region. Particular attention should be paid to the information, technical and personnel contours in the process of implementing the sustainable development program for the region's economy, improving the quality of which is carried out using certain economic models that allow us to determine the optimal values of the specific parameters of the state of each of them.

Coupling development between university science and technology (S&T) innovation and economy is an objective requirement for achieving sustainable economic and social development. The main goal of this paper is to explore the situation of the coupling coordination relationship between the two systems, i.e., university S&T innovation and sustainable economic development in China. It also hopes to provide a reference for promoting the coordinated development between the two. This paper constructs the evaluation index system of university S&T innovation and sustainable economic development separately and evaluates the indicators of university S&T innovation and sustainable economic development in 30 provincial regions in China from 2011 to 2020. On this basis, a coupling coordination degree model is constructed to evaluate the coupling coordination degree of university S&T innovation and sustainable economic development. Accordingly, this paper puts forward suggestions for promoting the coordinated development between university S&T innovation and sustainable economic development.

Industrial agglomeration in a region changes the economic structure, strategic layout and resource status of a city, and has an important impact on sustainable economic development. The relationship between industrial agglomeration, air pollution and economic sustainability is a key issue concerning the high-quality development of national economy. China is a developing country that once experienced severe air pollution. Now, the Chinese government is aiming to achieve the goal of sustainable and high-quality economic development in China. In this paper, a spatial Dubin model was developed to study the relationship between industry, environment and the economy. The statistical analysis used the air pollutant data of 273 prefecture-level cities in China from 2015 to 2018. The results showed that: (1) there was a positive U-shaped nonlinear relationship between industrial agglomeration and sustainable economic development, and there was a spatial spillover effect. (2) There was a positive U-shaped nonlinear relationship between air pollution and sustainable economic development, and there was a spatial spillover effect between them. (3) The effect of industrial agglomeration on sustainable economic development was influenced by air pollution, an intermediary variable. The existence of air pollution weakens the promoting effect of industrial agglomeration on sustainable economic development.

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.

Given its versatility, energy security's importance to economic growth cannot be overstated. Existing empirical research has not, however, taken into account the significance of energy security in achieving sustainable economic and financial development. The objective of this study is to provide an empirical response to the question, “How can we exploit energy potentials without compromising the sustainable development agenda?”. Our research indicates that energy security enhances economic and financial sustainability. However, the influence varies between quantiles. Initially, energy security inhibited sustainable economic development; this may have been due to excessive reliance on fossil fuel as a source of energy generation; however, the energy transition to renewable energy mitigated this negative impact, thereby fostering sustainable economic development. Likewise, energy security promotes long‐term sustainable financial development. Energy security is the heart of sustainable economic and financial development hence, the need for diversification of energy sources by promoting the adoption of renewable energy technologies became necessary. Encourage investments in solar, wind, hydro, geothermal, and other renewable sources to reduce dependence on fossil fuels and mitigate environmental impacts.

Objective: This research explores the management strategies of the Assalaam Islamic Boarding School Cooperative (Koppontren) in enhancing the productive economy and contributing to the achievement of Sustainable Development Goals (SDGs). The primary aim of this study is to analyze how the management system implemented by Koppontren Assalaam influences the development of productive economic activities within the context of an Islamic boarding school. Effective cooperative management is crucial to achieving the cooperative’s goals, which include fostering internal economic development and supporting the overall progress of the institution. The study is grounded in qualitative descriptive research, utilizing observation, interviews, and documentation for data collection. Theoretical framework: The theoretical framework is based on management principles, cooperative economics, and SDGs, particularly focusing on sustainable economic development. Literature Review: The literature review highlights key concepts such as the role of cooperatives in economic empowerment, the significance of strategic management in Islamic institutions, and the alignment of cooperative practices with the SDGs. Methods: The research identifies essential management aspects including market strategies, financing processes, human resource development, and the importance of efficient communication and organization within cooperative operations. Results: The findings of this study indicate that the Assalaam cooperative employs several key strategies for its productive economic development. These include market segmentation, strategic financing, human resource management, and clear functional roles. The cooperative has developed a network of relationships that promotes effective information exchange and communication, which enhances operational efficiency. Furthermore, the cooperative has introduced pilot business models to stimulate innovation and creativity, while also implementing a dynamic monitoring and evaluation system to ensure sustainable growth and continuous improvement. Implications: The implications of this research suggest that the management strategies of Koppontren Assalaam not only contribute to its economic sustainability but also align with the broader objectives of SDGs, particularly in terms of sustainable economic growth and community empowerment. Novelty: The novelty of this research lies in its focus on the integration of cooperative management practices with the SDGs framework, offering valuable insights for similar institutions.

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.

Research background: Climate change stimulates unfavorable global socio-economic consequences, which question economic structures, require sustainable development. Reaching sustainable development in economy relates to structural change. However, scientists rarely focus on structural change and sustainable development in the pure economic subject area. Purpose of the article: The article aims to summarize and classify the knowledge about contribution and potential of structural change for sustainable development in economy using research experience. The author considers the articles published exactly in the economic subject area, in which scientists terminologically focus on structural change and sustainable development. Methods: The search parameter - keywords and limitation - subject area determine the selection of suitable material for the research purpose. The author applies monographic method, logical analysis method, scientific induction method for the analysis of the selected material. Findings & Value added: The articles selected according to the limitations demonstrate that manufacturing is the most commonly analyzed sector followed by energy sector, tourism and decomposition of economy depending on sectoral efficiency. According to the material analyzed in the economic subject area, the contribution of structural change to sustainable development is considered in case studies with focus on decomposition of sectoral structure of local economies. Potential of structural change to sustainable development is considered in general terms and relates to energy efficiency, introduction of new technologies, and involvement of all stakeholders. Thus, it is possible to highlight the factors necessary for structural change, which work towards sustainable development in economy – attitude, efficiency, new technologies and wide range of participants.