Comprehensive Economic Development Research Articles

The Distribution of Financial Wealth and Its Impact on Enhancing Women's Role in Economic Development

This study examines the distribution of financial wealth and its impact on enhancing women's role in economic development. The primary aim is to explore the reality of development, the distribution of financial wealth, its nature, objectives, and how these factors enable women to achieve economic development when granted rightful access to financial resources under specific conditions, rules, and frameworks. The study addresses key principles and scenarios influencing this relationship, highlighting the recognition of women's entitlement to financial wealth and the rules governing its distribution. It was found that a woman's position in cases of entitlement significantly impacts her share, its limits, and strength. Moreover, the study identifies several scenarios in which women are entitled to financial wealth: some based solely on obligation, others through agnatic inheritance, and yet others through inheritance alongside agnates, with details varying across these cases. The originality of this study lies in elucidating the relationship between financial wealth distribution and the enhancement of women’s economic status, shedding light on how financial policies can contribute to achieving comprehensive economic development.

How to Transform Congenital Disadvantage into New Momentum for Economic Development: Based on the Study of Dutch Foreign Trade

The Netherlands is an ancient trading country, and due to geographical constraints, it has been actively seeking business opportunities and resources. This paper examines how the Netherlands transformed its natural disadvantages into new drivers of economic development since the fifteenth century. The purpose of this paper is to better understand the dynamics and paths of economic development in the Netherlands. This paper takes the perspective of Dutch foreign trade, combines literature analysis and case study methods, and adopts the method of diachronic research. The results of the study show that the Netherlands has transformed its geographical limitations into a new driving force for economic development in the development of maritime power, commerce, and foreign investment. The innovation of this paper lies in the unique perspective. Starting from the economic development process of the Netherlands since the 15th century, it presents readers with a comprehensive and in-depth economic development process of the Netherlands.

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It is substantiated that the effectiveness of the functioning of the mentioned mechanism is expected to obtain: an economic effect, which involves reducing costs and resource losses, increasing the level of profitability, and as a result, ensuring the appropriate level of economic security ofthe enterprise in particular and the agro-food sector as a whole; ecological effect, which is mainly manifested through the preservation, savings and rational use of natural, in particular, land resources, which leads to the improvement of the ecological situation in the region, and as a result contributes to the increase of the level of environmental safety; the social effect obtained through the introduction of a resource-saving model of behavior, which leads to an increase in the quality of products of the agro-food sector, an increase in the level of food security of the enterprise and the country, and as a result - an increase in the well-being of the population; as well as their combinatorial and synergistic combination, which ensures the sustainable development of economic entities, the agro-food sector and the country. Organizational and economic mechanisms for increasing the efficiency of the use of material resources, land resources, financial resources, labor resources, information resources and time resources of the enterprise remain important components of the main mechanism, which, depending on the specialization of the agricultural enterprise, the scale of production and economic activity, the specifics of the involvement and use of heterogeneous types of resources will have a separate set of elements similar to the general organizational and economic mechanism, which in a synergistic relationship will contribute to the development of the processes of the efficiency of the use of resource potential. Therefore, the proposed organizational and economic mechanism for increasing the efficiency of the use of resources of an agricultural enterprise, taking into account the adaptive characteristics of its constituent elements and their functional features, will allow to ensure the orderly interaction of all types of resources with the aim of increasing the efficiency of their use in the process of the activity of an agricultural enterprise, which will ensure the creation of the necessary conditions for comprehensive economic, ecological and social development of individual subjects of the agro-food sector and the industry as a whole.

What Determines the Crime Rate? A Macroeconomic Case Study

This study examines the relationship between economic indicators and crime rates in six European countries: Lithuania, Germany, Greece, Portugal, Finland and Sweden. By examining macroeconomic factors such as GDP, security spending and per capita consumption, the study aims to understand how these variables affect crime dynamics. Using robust econometric techniques, including panel regression with fixed effects, the study identifies significant correlations and patterns. The findings reveal that the crime rate has a high degree of inertia and is significantly influenced by the previous level. Contrary to expectations, increased per capita consumption is associated with higher crime rates, which may indicate that wealthier societies are experiencing an increase in economic crime. Furthermore, higher spending on security does not necessarily reduce crime, suggesting that types of crime evolve as detection capabilities improve. This study highlights the complexity of the nexus between crime and the economy, highlighting the need for multifaceted, long-term policies to effectively combat crime and increase public safety. The results offer valuable insights for policymakers to develop comprehensive crime prevention and economic development strategies.

The first public offering of a corporate bond issuance and the expected impact on the securities market and economy in Albania

This study aims to investigate the anticipated importance of the inaugural corporate bond issuance through public offering on the Albanian Stock Exchange (ALSE) and its potential ramifications for the bond market, investors, the broader financial sector, and the Albanian economy. Given that the ALSE has been predominantly characterized by government bonds, the initial public offering of the first corporate bond represents a noteworthy landmark that could facilitate the advancement of the Albanian financial market. We will scrutinize how this progression may result in heightened market liquidity, by appealing to both domestic and international investors, thereby increasing the aggregate trading volume and liquidity, within the exchange. Additionally, we will deliberate on the function of corporate bonds in diversifying the array of financial instruments accessible on the ALSE, which may assist in risk mitigation and the cultivation of a more stable financial environment. Moreover, we will analyze how the issuance of corporate bonds could promote superior corporate governance practices, culminating in increased transparency, more rigorous financial reporting, and bolstered investor confidence. Finally, we will contemplate the potential of corporate bond issuances to stimulate economic growth by supplying companies with an alternative avenue of funding for expansion and investment initiatives. This can result in job generation, enhanced productivity, and comprehensive economic development in Albania. By examining the anticipated consequences of the first corporate bond issuance on the ALSE, this study will illuminate the potential advantages and challenges associated with this development, laying the groundwork for future inquiries as the market undergoes further evolution.

Asymmetric Impact of Economic, And Structural Factors on the Development of the Non-Oil Export Sector in GCC Economies 1992-2022: Structural Reform Priorities to Sustainable Economic Growth

The current study empirically investigates to explore the links between economic and structural variables of non-oil export industry development in GCC economies. The research spans the years 1992 to 2022. It is understandable to wonder why some oil-producing countries have been able to diversify and build their economy while others have not. We postulate that disparities in the diversification and development patterns of oil producers are related to differences in their economic and structural characteristics. Divergence in diversification and development trends may result from such discrepancies. We measure the role of economic and structural elements to test this idea. The findings indicate that economic and structural factors play a critical role in the process of diversification and development. Countries have the higher-quality infrastructure, in particular. The findings imply that GCC authorities should improve robust macroeconomic conditions to support their non-oil export sector and boost institutional quality drivers to accelerate non-oil export sector development in their nations. The empirical findings can assist GCC policymakers in better designing the economic policies required to accomplish the GCC countries' comprehensive and sustainable economic development. Asymmetric mechanisms in non-oil export responses to economic and structural factor changes are likely to differ across economic sectors in GCC countries. A sectoral examination of this link could provide further information and supplement our analysis. New capital and infrastructure must be accommodated to support domestic and export manufacturing.

Empowering economic independence: POKDAKAN modernization and market integration in Tanjung Rhu Village, Pekanbaru City

The "Mina Sari Jaya" Fish Cultivation Group (POKDAKAN) in Tanjung Rhu Village, Limapuluh District, Pekanbaru City, is undergoing an economic empowerment program aiming for group financial independence within RT 05 RW 06. This initiative combines legal and fisheries expertise to create a comprehensive community economic development strategy. The program offers training in digital marketing, fisheries business management, and legal aspects of running a business. As a result, the group has successfully developed and packaged processed catfish products like snacks and nuggets in standardized, attractive packaging, increasing market appeal. Additionally, these products are now available on online marketplaces like Shopee and Tiktok Shop, generating potential income for POKDAKAN members. Furthermore, the program facilitated the establishment of a formalized business entity for the farmer group, complete with a notarial deed and a deed of establishment.

Dynamics of Agricultural Development in Coastal Areas and Small Islands; Criticism of Human Resource Management in Local Government Organizations

Agricultural development must be the government's main focus to achieve comprehensive and serious economic development for society. The (Regional) Government as a public organization holding autonomous rights to determine policies to increase agricultural development must begin to prepare. What many experts have highlighted is the role of Regional Government in regional development in terms of human resources, namely the existence of a personnel system called bureaucracy. Every organization needs to develop human resources (HR) through improving performance to have abilities, skills, and positive attitudes to carry out their duties well. Experts and scholars say that three concepts among the many are highlighted in the aspect of bureaucratic resource management to improve employees' work, namely organizational justice, organizational politics, and work commitment. The research aims to determine and analyze the achievements of implementing agricultural development; and to know and analyze the respective relationships between organizational justice, organizational politics, and work commitment on employee performance in agricultural development. Use a quantitative approach to causality design. Take the case of Wakatobi Regency with its unique coastal areas and small islands. The sample was 225 employees or around 44% of the total sample of 514 people. The number of samples was determined by Slovin calculation and then taken at simple random. Primary data was obtained through distributing questionnaires, and secondary data from economic reports from authorized institutions. Data were analyzed using the SEM-AMOS approach. The results of the analysis found that development in Wakatobi Regency is supported by the agricultural and fisheries sectors. Its role is very dominant in GRDP, but it has not shown a direction that is in line with economic growth because it has experienced a decline. One of the aspects highlighted is that the performance of local governments in agricultural and fisheries development has not been optimal. The theoretical implication is that development performance analysis must use variables and indicators from empirical factual data (non-perception) through GRDP values and economic growth. Because, it has been proven that aspects of implementing human resource management through organizational politics and organizational justice have been proven to have a significant influence on performance, while work commitment is not yet significant. Practical implications for the government as a development policy formulator are to evaluate the development approaches that have been carried out, as well as regional leaders and leaders of regional apparatus implementing units (OPD) to pay attention to employee work commitment because our findings prove that their role is still weak in carrying out their duties and functions as ASN.

Comprehensive Analysis of the Socio-Economic Situation of Zhejiang Province

Socialism with Chinese characteristics has entered a new era, and achieving high-quality economic development is an important task for building a modern socialist country in an all-round way. The report of the 20th National Congress of the Communist Party of China pointed out that consumption and disposable income play a key role in economic development. This paper uses two statistical analysis methods, descriptive statistics and linear regression analysis, and analyzes the socio-economic and economic situation of Zhejiang Province in China according to the economic and social development index of residents' disposable income, and analyzes the problems of economic and social development faced by Zhejiang Province and discusses solutions, so as to promote the comprehensive, sustainable and healthy social and economic development of Zhejiang Province.

Globalization and its Effect on the National Economy: The Albanian Case

Globalization is a widely discussed phenomenon that involves the free flow of goods, services, capital, and people across the world. It is mainly focused on economic and cultural aspects, among others. Globalization can be considered as a trend towards increasing of the interdependence and integration among the countries and regions of the globe. Globalization affects us all and leads a radical change in the human’s lives all over the planet, in the relations between them as well as in culture and other aspects related to institutions. So globalization increases incomes but simultaneously increases social inequalities, leaving some countries and groups of people behind. To put it simply, globalization can rapidly enrich a small group of capable individuals while impoverishing the larger population. This ultimately leads to a decline in living standards across the world. Globalization has both positive and negative sides, globalization also produces winners and losers, both between countries and within them, so there are losses and the lost, but the supporters of globalization do not accept this fact. In conditions when the economies are converging and that this phenomenon is generally acceptable, national governments should look forward to pay attention to the growth of domestic capital the pursuit of international financial reforms with the aim of making it possible to find solutions to help losses and the lost. National governments should have social protection policies on the top of their agenda as well as programs that will help as much as possible in the correcting of the unequal distribution, to help different groups in need. Labor migration is a negative phenomenon that caused by the globalization and damages the economy of small countries in transition as people capable of working move to developed countries for a better life than what they leave in their country of origin. The main indicators of the globalization of the national economy are producing for world markets, being part of the global financial markets, as well as foreign direct investments. Globalization is inevitable, under these conditions the duty of the national governments is to face of the pressure that leads to the subordination of the local economy to the global one. Globalization facilitates the connection of different parts of the world, reducing borders and allowing national economies to cater to global tastes. The decreased transportation costs also contribute to the intermingling of the global and local aspects, ultimately leading to the unification of regions. About globalism, there are currents for and against, while the opponents of globalism as well as those who call globalization the cause of poverty and inequality have not drawn up any alternative model for economic growth and development throughout the globe. Small countries like Albania require large international corporations or companies to invest in them to achieve comprehensive economic development, reduce unemployment, and increase well-being. Financial institutions like the World Bank and the International Monetary Fund also play a crucial role in this process. Received: 25 December 2023 / Accepted: 25 February 2024 / Published: 23 April 2024

Особенности частноправовых отношений в спорте

The article studies private law relations between various sports subjects. Qualitative development of economic and social parameters of sports can be ensured only provided that a stable legal framework is created, including in the sphere of regulation of private law relations. The author also studies sports development prospects through the system of private law institutions implemented, inter alia, at the municipal level. Based on the results of the analysis, the author concludes that private law issues of sports development should be solved in connection with the comprehensive social and economic development of the Russian Federation.

Impact of the coupling relationship between marine industry and regional development on the marine economy

To investigate the relationship between the marine industry and regional development, and assess its impact on the marine economy. The study creates an evaluation index system for the coupling relationship between the marine economy and regional development. It applies coupling theory and combines the hierarchical analysis method with the entropy weight method to determine the weight of each index. By constructing the coupling degree and coupling coordination degree model, this paper quantitatively analyzes the coupling relationship and applies the coefficient of variation to assess the coordinated development differences between different regions. The study utilized data from the official China Marine Statistical Yearbook. The analysis revealed an upward trend in the coupling degree of the marine economy and regional development during the study period, increasing from 0.58 to 0.72. This indicated a significant strengthening of the interaction and synergistic development between the two. In typical coastal areas, the coupling degree increased from 0.62 to 0.78, indicating the significant contribution of the marine industry to the region's comprehensive economic development. The study proposes policy recommendations to enhance the adjustment of the marine industrial structure and technological innovation, promote inter-regional cooperation and resource sharing, and strengthen marine environmental protection and sustainable resource utilization. These measures aim to promote the development of the marine economy while safeguarding marine resources.

Natural Ingredients and their Impact on the Development of Eco-Tourism in Najaf Governorate

Developing ecotourism is one of the goals of Comprehensive Economic and social development. The importance of this tourism is manifested because of its ability to preserve natural areas and invest them optimally for the great benefit of all parties involved in the tourism process, as well as preventing the adverse effects of tourism, such as the destruction of Environmental Quality and distortion of natural areas. Najaf governorate has multiple and diverse natural tourist attractions suitable for practicing ecotourism activity, such as rivers, marshes, the Najaf Sea depression, which is a natural lake, Springs, Springs, and desert, as well as parks, landscapes, and the picturesque atmosphere of the orchards that characterize the governorate, which provide tourists with plenty of room to practice activities and events related to ecotourism.

Huaihua International Inland Port Development and Its Impact on Local Residents’ Housing Demand

Studies have shown that constructing international inland ports can create an impetus for the local community’s comprehensive economic and social development. It can also promote population concentration and accelerate urbanization in inland areas. Population inflow affects residents’ housing demand. An in-depth study should be conducted on the impact of the construction of Huaihua International Inland Port on the housing demand of the residents in the southwestern Hunan area. From the perspective of the development trajectory of Huaihua International Inland Port, it analyzes how the port affects the local economy, employment, government revenue, and urbanization progress. Combined with the analysis of residents’ housing status in Huaihua City of Hunan Province, China, it predicts their future housing demand in Huaihua City. The results show that residents’ housing demand will change in stages.

Natural Ingredients and their Impact on the Development of Eco-Tourism in Najaf Governorate

Developing ecotourism is one of the goals of Comprehensive Economic and social development. The importance of this tourism is manifested because of its ability to preserve natural areas and invest them optimally for the great benefit of all parties involved in the tourism process, as well as preventing the adverse effects of tourism, such as the destruction of Environmental Quality and distortion of natural areas. Najaf governorate has multiple and diverse natural tourist attractions suitable for practicing ecotourism activity, such as rivers, marshes, the Najaf Sea depression, which is a natural lake, Springs, Springs, and desert, as well as parks, landscapes, and the picturesque atmosphere of the orchards that characterize the governorate, which provide tourists with plenty of room to practice activities and events related to ecotourism.

ПРОЄКТНЕ ФІНАНСУВАННЯ В УМОВАХ РЕАЛІЗАЦІЇ “UKRAINE FACILITY PLAN”

In the context of the extensive destruction Ukraine has suffered as a result of the war, there is an acute shortage of funds for economic recovery. The assessment of damage, losses, and needs for the reconstruction and rebuilding of Ukraine is reflected in the updated World Bank report - Third Rapid Damage and Needs Assessment (RDNA3). The key tasks and goals for Ukraine's economic development are outlined in the Ukraine Facility Plan. Given this, the organizational, legal, and financial aspects of interaction with potential investors require greater attention in the implementation of the priorities set out in the Ukraine Facility Plan. This article is dedicated to studying the mechanism of project financing in Ukraine in the context of implementing the comprehensive economic development plan - Ukraine Facility Plan. It reveals the features of organizing the financing of projects with significant investments in the real sector of the economy. The article provides a list of organizations responsible for the development and implementation of the "Ukraine Facility Plan" at national and territorial levels, as well as those facilitating interaction with foreign investors. A list of contentious issues related to the imperfections of the current financial and legal mechanism, which may lead to potential conflicts of interest and risks in the process of interaction between participants in the investment process in Ukraine, is defined. Attention is drawn to the need to intensify work on supporting foreign investments at the state and regional levels. Given the high level of business risk in Ukraine, the mechanism for assessing and distributing risks among project participants requires greater attention. Based on the study of existing legislation, it is concluded that financial risks are the primary types of risks in the implementation of projects with significant investments in Ukraine. A list of World Bank Group instruments that can be used to protect the interests of investors in the implementation of large-scale investment projects in Ukraine is presented.

Формування системи інформаційно-аналітичного забезпечення розвитку біопаливних виробництв на базі підприємств агросектору

The project proposal focuses on the role and importance of information in the transformation process of economic policy in general and agrarian policy in particular, given the programmed (by the Recovery Plan of Ukraine and the Ukrainian Fund Programme) inclination towards bioeconomic orientation of the recovery (reconstruction) of the national economy sectors from the war consequences, directing their further activities and coordinated ontogenesis towards sustainable and comprehensive socio-ecological and economic development of business entities (including agro-oriented and biofuel producers). The definition, scope and categorical differences between information and information-analytical support of agricultural enterprises, including those engaged in biomass processing into biofuels, are revealed. It has been proved that the quintessence of this ontogeny is the approximation of the European Green Deal's levers into the national regulatory framework, which allowed, among other things, to identify national, sectoral and niche progress in the relevant digital developments, “greening” of finance and further needs of Ukraine within the framework of EU membership and post-war recovery. The typologies of information and information-analytical support of agricultural enterprises engaged in the production of biofuels under the principles of “green” post-war recovery and bioeconomy are elaborated and presented. The importance of introducing and applying a unified universal information and analytical system, which includes an information system, a database, information resources and registers, in the economic practice of biofuel production in the agricultural sector of Ukraine is outlined. Features of the agricultural enterprises engaged in the production of biofuels are examined in terms of the architecture design of a unified system on information and analytical support of their activities, its compliance with the best European practices, including those related to traceability and safety of the agro-food value chain in the new military-driven socio-economic reality and the potential for substitution of imported diesel and petrol. A general concept of the information and analytical support system model is suggested, being acceptable under the martial law conditions for agricultural enterprises engaged in biofuel production. The article proposes a general concept of a model of an information and analytical support system which is acceptable under the legal regime of martial law for enterprises of the agricultural sector of economy engaged in biofuel production. Regarding the suggested system, it has been proved that the latter has sufficient potential for adaptation to specific operational needs, production conditions and security risks, allowing for the sectoral specifics of other enterprises in the agricultural sector of Ukraine.

Urban identity in the value paradigm modern Russian society

The article is devoted to urban identity as a socio-cultural, psychological and emotional construct determined by a number of factors. As a significant component of social identity, urban identity is determined by how strong an individual's social ties are, whether he is included in long-term stable social groups, which, in turn, forms an emotional assessment of such identity in relation to «his» and «strangers», as well as group values, social norms, stereotypes, behavioral patterns. The author of the article presents the characteristics of urban identity as a result of self-determination of personality, its socialization and adaptation in a particular urban space, in the process of assimilation and reproduction of cultural symbols, accepted norms, traditions, lifestyle of city residents. The relevance of the study of urban identity is determined by the peculiarities of the urban environment and urban lifestyle: the author of the article puts forward a tendency to increase the mobility of the population and a decrease in the role of physical space in the life of a modern person as factors that can create barriers to the formation of a conscious urban identity. The article proves that the self-consciousness and personal identity of city residents are largely determined by various aspects of the cultural space of the city. The impossibility of perceiving urban space in its integrity does not hinder personal identity and self-determination, and the possibility of implementing the social practices of its residents forms their emotional attachment to the city. The formation of urban identity is conditioned by stable, changeable and symbolic factors. The author of the article also identifies parameters that allow assessing the degree of urban identity, among which the uniqueness of the city, identity and positivity of its perception play a decisive role in modern Russian society, which, in turn, determines in many ways the practical potential of urban identity. The conclusion is made about the importance of urban identity among other values of Russians, because active emotional experience and active embodiment of the urban identity of individuals and social groups contributes to the comprehensive economic, social and political development of modern Russian society.

China's economic development quality grows faster than economic quantity.

It is known that the rapid progress of the Chinese economy is perceived to be aligned more towards increasing the economic quantity (GDP) rather than its quality primarily owing to a large amount of carbon emission, increased environmental pollution, and high resource consumption. However, such perception comes with no single evidence or study that compares growth rates between the quantity and quality of China's economic development. Such a comparative study could provide useful information to the Chinese government and concerned agencies to manage and promote sustainable economic development in China. Here we developed a comprehensive economic development quality evaluation indicator system to study China's progress on economic quality from 1978 to 2017 and compare it with GDP growth rates over the same period. Results indicate that during the period 1978-2017, China's economic development quality index has increased significantly, higher than the average annual growth rate of GDP during the same period. This higher growth rate of Chinese economic development quality could be attributed to the country's achievements in tackling environmental pollution, narrowing the income gap, promoting technological progress and innovation, improving economic efficiency, maintaining social stability, and improving social welfare. We suggest the world re-evaluate China's economic development achievement and growth patterns that can provide a reference for other developing countries.

Representative Bureaucracy, Age-Friendly Planning, and the Role of Gender, Public Engagement, and Professional Management

What leads to more age-friendly cities: professional management, passive gender representation in management, or active public engagement? In a survey of 1,378 local governments, age-friendly features were measured in the community comprehensive plan, zoning codes, and economic development plan. Gender representation does not distinguish level of age-friendly planning, but public engagement promotes age-friendly practices in all three areas: comprehensive plans, zoning, and economic development plans. Structural equation models find professionalism and public engagement matter more than gender representation in management, as they promote active representation, which leads to more age-friendly practices.