Constant Economic Growth Research Articles

Sino-Japanese Reactive Diplomacy Through BRI and FOIP in Bangladesh: Economic Implications

This study delves into the realm of Sino-Japanese reactive diplomacy within the context of Bangladesh. It primarily examines their engagements through the Belt and Road Initiative (BRI) and the Free and Open Indo-Pacific (FOIP) vision. The study evaluates these diplomatic efforts’ economic upshots in a continuously changing regional context. The contest between China and Japan for influence in Bangladesh has grown in the last few years due to the country’s constant economic growth. This study investigates how both nations use reactive diplomacy, reacting to each other’s actions and changing tactics to support Bangladesh’s economic growth. The Chinese government has invested significantly in infrastructure-related projects in Bangladesh as a part of the BRI, and Japan’s FOIP strategy strongly emphasises connectedness and high-quality infrastructure. This dichotomy of approaches leads to an intricate web of interactions with local stakeholders, reflecting diverse economic implications. However, the study emphasises how crucial it is to examine Bangladesh’s strategy for navigating this diplomatic rivalry—that is, how to balance the economic gains from bilateral investments while avoiding undue reliance or political entanglements.

Navigating the playing field: Reimagining the sports industry in the face of accelerated climate change

Does faster-than-expected climate change represent a feasible challenge or an irresolvable dilemma for the sports industry? This paper acknowledges the sports sector's environmental impact. It aims to challenge the prevailing belief in constant economic growth by proposing integrating Degrowth principles into sports to support the shift towards sustainable practices. The study presents an innovative participatory mixed-method technique that entailed backcasting and a Delphi survey involving 21 sports experts worldwide in a meaningful discussion about the strategic awareness of climate change. The discoveries emphasise the importance of (i) sharing resources and inclusive access (ii) adopting a community-centric and low-impact practices approach, in addressing climate change. The findings focus on the pressing requirement for the sports sector to take a proactive stance and could have a considerable impact on the ongoing debate about the need for a systemic overhaul of sports that draws upon the principles of ecological economics and Degrowth.

Problems and Recommendations for the Development of Pre-owned Car Market in China

The pre-owned car market has ushered in a new opportunity for development with the constant economic growth and the rise in the number of cars owned by Chinese residents in the past decade. However, there are still huge systematic and strategic loopholes in China's pre-owned car market at present. Therefore, improving China's used car market and promoting its sustainable development is a significant challenge that has to be overcome at the moment. This paper mainly relies on the research of China's pre-owned car market in recent years to explore the mainstream marketing strategies and the problems that exist in the current stage. These problems include information asymmetry, lack of integrity mechanisms and industry standards, inadequate evaluation systems, and outdated marketing strategies. To address these problems, this paper suggests that the market ought to alleviate information asymmetry through multiple channels, strengthen used car transaction management, optimize the expansion of national trading platforms, and further improve marketing strategies.

Czy obecna rzeczywistość sprzyja wdrażaniu zrównoważonego rozwoju?

The idea of sustainable development did not appear in the eighteenth century for ecological reasons to save the environment or humanitarian reasons to save humanity, but for economic reasons to improve the management of forests and fossil resources. Its creator was Hans Carl v. Carlowitz (1645-1714), a Saxon tax accountant and mining administrator. The idea has always served an economic purpose – constant economic growth as well as increase of productivity and profit. Therefore, it worked best in the sphere of management. Over time, it turned out that one could achieve better economic effects. when one combines economic goals with those that people have always strived for – to create a better world, life and interpersonal relations. This requires care for the good condition of the natural and social environment. Consequently, the idea of sustainable development was coupled with the goals of ecology and sozology. Unfortunately, for various reasons, the modern world is less and less conducive to achieving these goals. Therefore, one can increasingly difficult implement the postulates of sustainable development, even in the sphere of economy. It has become clear that sustainable development is not a panacea for all the ills of the world. The idea of this unrealizable development turned into a myth and a tool to manipulate people's feelings and dreams of a better life. With their help, one mobilizes people to higher and higher productivity, which generates an increase in the enrichment of the financial elite and to the accompanying to it deepening of social inequalities, which are the source of all the evil.

Analisis Fundamental untuk Memperoleh Nilai Wajar Saham SMDR dengan Metode Free Cash Flow to Equity dan Price Earning Ratio

Investors or parties who invest in shares, so far have faced obstacles in assessing the fair price of the stock to be purchased. The main cause lies in the limited knowledge or insight in conducting basic or fundamental analysis of the stocks to be purchased. The consequences that are often experienced are investing overvalued, price distortions, rushing to sell back shares so that the investment does not get optimal results. The objective of this paper contributes to analyze the fairness of SMDR's stock (PT. Samudera Indonesia, Tbk.) using the Free Cash Flow To Equity (FCFE) method and the Price Earning Ratio (PER) method, assuming constant economic growth and calculating intrinsic value using a comparison of the two methods. This research is a descriptive study using a quantitative approach. The object of this research is the stock of PT. Samudera Indonesia, Tbk (SMDR). In analyzing, the author will make a financial model with projections for the next 10 years and compare it with the current share price, to find out whether the company's shares (SMDR) are considered fairvalued, undervalued or overvalued. The use of FCFE will be more prominent as of this writing, using a discounted cash flow valuation framework. This research in the form of a fundamental analysis of SMDR shares will be conducted based on published audited financial reports for the years 2016 – 2021. The theoretical benefit of this research is to assist investors in assessing a company's shares, using the FCFE method, in determining investment decisions (buy/hold/sell).

Linear to Circular: an Alternative Model of Economic Development

With the beginning of the Industrial Revolution we have been following a linear economic model. The shortcomings of this system, with its pressure on nature and its focus on constant economic growth, have now become so obvious that they beg the question: where do we go from here? There is an alternative to this obsolete economic model, the so-called circular economy. In this article, we review its basic ideas and structural features.

Digitalization and Platformization in Romania Based on the Digital Platform Economy Index 2020

This article examines the Romanian Digital Platform Economy. In particular, it discusses how this novel paradigm could help Romania adapt to new technological and structural conditions and participate in the upcoming industrial-digital revolution. It intends to investigate the bottlenecks in the country's platform economy. Moreover, it compares the health of the digital entrepreneurial ecosystem with that of neighbouring countries. So that Romania may achieve sustainable growth, it suggests ways to enhance the platform economy framework. The methodology and data analyzed in the study are based on The Digital Platform Economy Index 2020. It combines 61 indicators from different sources in 24 variables, twelve for the digital environment and twelve for the entrepreneurial ecosystem. These variables comprise the 12 pillars. Providing a basis for comparison, they are a crucial component of the model. Lastly, the four sub-indices and the main super-index are calculated. Platform economies like Romania lack technology transfer, financial facilitation, and digital literacy, according to the research. Demand side issues, such as fewer companies operating online and utilizing cloud technologies and low consumer online purchases, inhibit the introduction of new online businesses and technologies. Digitalization of industrial processes is not a trend in Eastern European countries. It is important to note that the study is limited by using macro-level indicators. With no platform-specific examples, it generalizes the concept of the digital economy. As a study topic, the digital platform economy presented in this article is an emerging field of research. <br />Implications for Central European audience: This article identifies the bottlenecks in the digital platform economy in Central and Eastern European countries. Particularly, it emphasizes the necessity to improve digital literacy, the number of multisided platforms networking, as well as technological transfer pillars of the platform economy. Cross-country also compares several dimensions of the digital platform economy. The author theoretically proves the importance of changing business models and embracing digitization in order to move towards a platform economy. In addition to describing what platform economies are and what they are not, the article also discusses how platforms can be combined with traditional firms to maintain a constant economic growth rate.

The impact of inflation on macroeconomic instability in different countries

Within the framework of this article, the author sets himself the goal of analyzing the characteristics of inflation processes in different countries, as well as the impact of inflation on macroeconomic instability in Poland, Sweden and Russia. The author argues that minimizing the risk of inflation will help the country reach a new level of development and stabilize constant economic growth. In 1980–1990 Many countries began to move from a command economy to a market economy, and the listed countries were no exception. It is emphasized that the Polish economy in the 1990s was one of the weakest in the European zone, and there was macroeconomic instability in all its forms: shortages of goods, high inflation, unemployment, and government budget deficits. However, today Poland is a successful country, its GDP is growing every year, while inflation processes can be maintained at the proper level. The article analyzes the inflation rate in Poland at the end of the twentieth century, during the crisis period in 2008, and also highlights the main measures taken by the Polish government to reduce inflation rates and minimize possible risks. In addition, the author believes that today Sweden is a country with a developed economy and the most favorable living conditions for its population. Despite favorable living conditions for the population, Sweden faces both a risk of inflation and a risk of deflation, both of which contribute to macroeconomic instability in the country. With the collapse of the USSR, macroeconomic instability, according to the author, is constantly observed in the country. High levels of inflation, state budget deficits, and periodic declines in production have been observed in the country for 20 years. In the final part of the article, the author compares the inflation rates of the countries considered, and also formulates a conclusion regarding the experience of other countries in the fight against inflation.

Management of the Tourism Offer as an Economic Development Function Bosnia and Herzegovina

It is a known fact that tourism is a natural phenomenon that effects equally both the economic and social development of each country. On the other hand, economic development should provide a steady / constant economic growth. If we look at the economy and tourism in the same light it is said that the two phenomena are unified by one of the most important drivers of growth in the world. Economic results expected from tourism should not be valid unless it is done benchmarking analysis of similar tourist destination, because only comparisons with the best, or at least their own kind (meaning the capacity supply) provides valid information. The main objective of this paper is to show how tourism effects of economic development BiH is also given some basic guidelines on what to conceive of future economic activity, and where the potential exists tourist attractions.

Towards Sustainable European Agriculture? Assessing the EU’s Progress in Limiting the Negative Ecological Effects of Agriculture on Aquatic Environments

The degradation of terrestrial and aquatic environments has significant adverse effects on biodiversity and environmental sustainability. The ever-increasing population and constant economic growth strain various ecosystems’ resistance and resilience. An important factor that negatively influences terrestrial and aquatic ecosystems is the use of products used in crop management. In this article, we analyze the pesticide-related European Directives and the Nationals Action Plans (NAP) regarding the sustainable use of pesticides and other documents evaluating the NAPs implementation. We assess the first and second-generation NAPs of nine EU Member States (MS)’ to evaluate if we can identify a significant shift in managing the adverse effects of pesticide use on aquatic environments. Furthermore, we evaluate the degree to which these NAPs are synergic with the EU’s strategic approach to soil protection, aquatic environments, and biodiversity.

Prospective Accelerating Sectors to Attain Sustainable Development in Bangladesh Economy: Findings from a Sectoral Approach Using Input-Output Analysis

With frequent climate change related disaster shocks and a huge burden of refugees from neighbor country’s conflict, Bangladesh needs to formulate effective strategies to support its most prospective sectors for ensuring sustainable development. This paper aims at disentangling the process of economic growth in Bangladesh to identify some prospective accelerating sectors, which could achieve constant economic growth with proper policy support. Using a modification of traditional structural decomposition analysis (SDA), we identify some prospective growth sectors in the Bangladesh economy. We have found labor intensive manufacturing and some high value added service sectors as key sectors for growth in Bangladesh. We compare the existing economic structure of Bangladesh with five other Asian lower income developing countries (LIDCs) and found all other countries have mostly similar economic structure, except Vietnam. Our analysis showed Bangladesh is mainly dependent on the textiles and food sectors in manufacturing and construction, real estate and inland transport sectors in service, for its quick growth. Most importantly, we found some new manufacturing sectors, such as basic metal and machineries, NEC, and recycling sectors, are constantly growing over the last decade, using our technique. Proper policy support to these high potential emerging sectors could help Bangladesh achieve the sustainable development goals (SDGs) of ensuring economic growth and sustainable development through promoting industrial diversification.

A comparison of two colonial paths to the western model of corporate governance

Indonesia and Malaysia are close countries, both geographically and culturally. Both countries have historically attracted Europeans' interest. Europeans first arrived in Indonesia and Malaysia only for trading purposes, but later colonialised both Indonesia and Malaysia. Both countries were uniquely affected during their colonialisation periods, such as different colonialist country and approach, different paths to independence, and different political ideology. Conflict between the two countries existed for a brief period following Malaysia's independence, with the relationship improving and stabilising after the new administration in Indonesia in 1965. Both countries achieved constant economic growth until the 1997 Asian Financial Crisis. The crisis led to both countries developing a Code of Corporate Governance which was introduced for the first time in the year 2000 (Alnasser, 2012; Daniel, 2003). This paper provides a historical account of the journeys of two similar, but different countries in adopting the Western model of corporate governance.

METHODOLOGY OF FORMATION OF STRATEGY FOR DEVELOPMENT OF MACHINE BUILDING ENTERPRISES ON THE BASIS OF VALUE COMPETENCIES IN THE CONDITIONS OF GLOBALIZATION

It is established that an effective development strategy contributes to the rapid adaptation of enterprises to changes in the environment and conditions of globalization, and vice versa, the development of globalization processes allows to maintain a competitive level of entrepreneurship. The result of the work should be a focused strategy of the enterprise, ie the concept is developed and defined by it a system of measures aimed at achieving competitive advantage. Therefore, the development of an effective competitive strategy for all enterprises is an important necessity and has undeniable practical value. However, it is important to note the difficulty of choosing the optimal competitive strategy from a variety of strategies, provided that all important aspects are taken into account. The next step of the study should be to develop a model of effective choice of competitive strategy, which takes into account a number of factors, allows for critical quantitative and qualitative analysis of strategic alternatives and involves the use of optimal tools. This will form a truly competitive strategy of the enterprise and ensure its successful practical implementation. Speaking about the choice and feasibility of a competitive strategy, it is important to mention the value chain of the company’s product. The main goal of each enterprise is not just its survival in the market, but stable operation and constant economic growth. To achieve this goal, it is necessary to develop an effective development strategy on the basis of which to create and implement competitive advantages. All this will give the company the opportunity to answer vital questions: where to operate (in what industry or in which markets), how to allocate resources, how to compete effectively with other companies, how to develop stably in the future.

Decoding China’s ambitions in the Indian Ocean: analysis and implications for India

ABSTRACT Investigating a country’s navy provides a means of assessing the country’s strategic, political, economic as well as international perspectives. Being overwhelmingly strategic in orientation, Indian Ocean occupies an important position among the strategic calculations of all major powers, and as a result has become the centre of gravity due to its increasing economic, military and diplomatic activities in the post-cold war period. Since 1990s China’s policies in the region have also changed, primarily due to its high stakes in the region. Its spectacular and constant economic growth has made it an attractive player for markets and its growing activities are an important imperative that shape the strategic environment of the Indian Ocean Region today. Since both India and China are rising simultaneously and have large stakes in this region, both are turning their policies to expand their Maritime sector. The increasing encroachments by China in the Indian Ocean has caused significant amount of friction in their bilateral ties and has led to overlapping spheres of influence with India. The paper establishes that China is expanding its Maritime power in all dimensions creating a security imbalance in South Asia.

ACCOUNTING AND FISCAL IMPLICATIONS RELATED TO THE TRANSITION FROM PROFIT TAX TO MICRO-ENTERPRISE INCOME TAX

In the years preceding the coronavirus pandemic, the Romanian economy experienced a constant economic growth, which determined a significant increase of the companies' profitability. Still, the budget revenues from the taxation of the profits obtained by the company did not perform as expected. This was also due to the fact that there were extensive legal changes referring to the way of taxing the company's profits. In this context, we intend to analyze the situation of a trading company whose business field is construction works of residential and non-residential buildings. The company operates in Brasov city area and in the recent years has seen several changes from the income tax of micro-enterprises to the profit tax and vice versa, which has had a considerable impact on the volume of taxes due

William James and the Sustainable Transformation of Values, with a Case Study for Rethinking the American Dream

This article addresses the call of the Psychology of Global Crises conference for linkage of academic work with social issues in three parts: First, examples from conference participants with their mix of bold calls for social transformation and realization of limits, a combination that generated few clear paths to achieving them. Second, presentation of Jamesian practical idealism with psychological insights for moving past impediments blocking implementation of ideals. And third, a case study of impacts from the most recent prominent crisis, the global pandemic of 2020, which threatens to exacerbate the many crises that had already been plaguing recent history. The tentacles of COVID’s impact into so many problems, starting with economic impacts from virus spread, present an opportunity to rethink the hope for constant economic growth, often expressed as the American Dream, an outlook that has driven so many of the problems surging toward crises. Jamesian awareness of the construction of ideological differences and encouragement of listening to those in disagreement provide not political solutions, but psychological preludes toward improvements in the face of crises.

Usage and Knowledge of Technological Advances in a Multi-Cultural Country: The Level of Digitalisation in the UAE, Dubai

The evolution of significant technological discoveries and the appearance of constantly expanding information technology have pushed mankind from the industrial era into the information and digital era. Nowadays, digitalization has become an extensive global phenomenon and the main driving force in this era of mankind. In this research, I would like to investigate and analyse digital knowledge among society. The target for my observation_ for which I used a digital survey_is the digitalisation of Dubai: a city with constant economic growth and a steady influx of foreign workers.

Will Businesses and Business Schools Meet the Grand Challenges of the Era?

Meeting today’s grand challenges means changing the economics paradigm that informs both business practice and business/management education. This paper asks whether business schools meet the challenges of the 21st century and argues not without shifting away from the core—neoliberal—paradigm of economics. This essay makes the following argument. Paradigms shape narratives. Changing core narratives is a powerful lever for transformation. Narratives are constructed of core ideas (memes) that replicate readily from mind to mind. Neoliberalism’s memes are pervasive and highly resonant in business schools. To move towards sustainability, the fundamentals taught in business school need to shift away from neoliberalism’s tenets towards what gives life to economic systems. From a theory perspective, neoliberalism’s lack of attention to social and ecological consequences of economic activity plays a large part in shaping today’s crises, including the pandemic, climate change, and biodiversity loss. A new/next economics paradigm is needed that shifts away from an emphasis on only financial wealth and constant economic growth on a finite plant towards life-centered economies that foster wellbeing and flourishing for all, creating what scholars call collective value. The result of this analysis is a conceptualization supporting new memes that include collaboration and competition, stewardship of the whole system, a cosmopolitan to local sensibility, and recognition of humanity’s deep embeddedness and connection with other people, other beings, and nature. The article concludes that business schools need to meet this challenge head on, changing the fundamentals of what is taught and why.

Mobility justice in urban transport - the case of Malta

Malta has been experiencing a constant economic growth and population increase since the 1990s. Following accession to the European Union in 2004 and joining the Euro in 2008, the rate of growth has continued to increase unabated. This has resulted in rapid urban development, and increasing car ownership and use. The islands’ urban fabric has changed with further urban land use densification, and increasing need for space for the car. In a small island state, land resources are not only limited but also highly contested. The result today is evident in the high costs of congestion, air and noise pollution, health impacts and overall decline of the quality of the urban areas due primarily to the overbearing presence of the car in the public realm. Inspired by the works of Vasconcellos (2014) and Gössling (2016) this paper aims to describe the islands’ transport system development and highlight issues related to equity and justice. It investigates the main trends and the impacts on mobility justice through the issues of household income, accidents (road safety), urban area distribution and exclusion. The issues surrounding the social sustainability of the transport system is therefore put into question using socio-political approaches. The study also reviews current transport policies in an attempt to frame the issues of equity and social sustainability within the island’s policy context. The study brings to the forefront growing concerns in Malta over the current political decisions on providing more roads for cars without any effective plans in support of other, more environmentally and socially acceptable forms of transport. Finally, the paper aims to raise awareness of the growing transport injustices in the system and provide some justification for more equity considerations in transport planning and infrastructure development.

Https://doi.org/10.33271/ebdut/71.152

Methods. The research is based on the scientific works of domestic scientists, as well as on the practical research on the development of digital environment of enterprises. The study was conducted using the following scientific methods: analysis and generalization of theoretical approaches to defining the essence of the concepts of «financial and economic security of an enterprise», «digital economy», «digital trends»; graphical method – when building the stages of digital transformation of an enterprise and improving the mechanism for ensuring the financial and economic security of an enterprise in a digital environment; the combination of the comparison method and the tabular method – to highlight the challenges and opportunities for enterprise adaptation to digital trends and their impact on financial and economic security. Results. The results of the study consist in the formation of an improved mechanism for ensuring the financial and economic security of the enterprise. The main challenges faced by enterprises with the development of the digital environment are investigated and the possibilities of applying digital trends to ensure an appropriate level of financial and economic security are identified. Novelty. For the first time, the improvement of the mechanism for ensuring the financial and economic security of an enterprise is proposed, taking into account the challenges of introducing digital trends into the country's economy and developing the digital environment. Practical value. The study of the adaptation of the enterprise and the system of its financial and economic security in the digital environment will reveal new security threats and will contribute to the growth of their competitiveness in the long term, as well as to the constant economic growth of the main performance indicators, the intensive use of innovative technologies, and the attraction of investment resources.