Economic Roadmap Research Articles

Progress in Biomass Electro‐Valorization for Paired Electrosynthesis of Valuable Chemicals and Fuels

Environmental and energy concerns surrounding the use of fossil fuels are driving an increasingly rapid transition to sustainable and eco‐responsible processes. Electrochemical processes can provide the necessary sustainability and economic roadmap for storing intermittent and renewable electricity by synthesizing, in cogeneration electrolyzers, energy carriers and/or synthetic chemicals (hydrogen, ammonia, etc.) via flagship reduction reactions (hydrogen evolution reaction (HER), nitrogen reduction reaction (NRR), etc.). To balance the electrochemical process, these cathodic processes have long been coupled to the oxygen evolution reaction (OER), which ultimately consumes almost 90% of the energy input. Recent years have witnessed an overwhelming development of anode scenarios based on biomass substrates, because OER cannot be driven below a certain potential threshold, while organics are thermodynamically more favorable. Therefore, paired electrolysis, which refers to cases where electrochemical oxidation and reduction are desired, embraces the electrocatalysis community for the electrolytic production of hydrogen, ammonia, etc. (cathode side), in parallel with value‐added chemicals (anode side), all with a modest electricity input. The trade‐off is selectivity at relevant current densities. This review discusses, the progress, challenges, and potential of biomass‐fueled paired electrosynthesis of valuable chemicals and fuels. Fundamental principles, main biomass solubilization methods, and different scenarios for paired electrosynthesis are presented.

Unveiling Economic Priorities: Highlights of Union Budget 2023-24

This research abstract provides an overview of the key highlights and priorities outlined in the Union Budget for the fiscal year 2023-24. The budget, a crucial document shaping the economic direction of the nation, reflects the government's strategies to address key challenges and foster sustainable growth. This abstract encapsulates the major themes, allocations, and policy directions embedded in the Union Budget, providing insights into the economic roadmap for the upcoming financial year. This research abstract aims to serve as a concise guide to the primary areas of focus and policy directions articulated in the Union Budget 2023-24. It invites readers to gain a comprehensive understanding of the government's economic vision and strategies through a condensed yet informative overview of the budget's key highlights.

The Impact of Industry-Adjusted Profitability and S-Curve Targeted Industry on Capital Structure: Evidence from Thailand

This study examines the impact of industry-adjusted profitability and S-curve targeted industries under an innovation-driven economy on firms’ capital structures in Thailand. The results demonstrate that a superior degree of industry-adjusted profitability reduces the need for debt financing. Within the industry, franchise and harvest firms with sufficient earnings have a lower debt overhang than under-performing firms. Furthermore, the S-curve targeted industries, which typically use debt to finance their expensive investments, appear to use fewer loans when they feel pressured by the investment support policy to intensify research and development (R&D) activities. Overall, in the emerging market geared toward a new economic roadmap, firms’ capital structures are shaped by competitive performance as well as industry and policy forces.

Indo-Russian Economic Engagement: Legacy Issues, Dynamic Shifts, and Possibilities for the Future

The economic relationship between India and Russia has been limited and faced various challenges historically. However, changing geopolitical and geoeconomic situations have created new opportunities while also presenting challenges and risks. This paper aims to analyse the legacy issues and dynamic shifts in international trade and order that are currently taking place. The article explores the ongoing transformation of Indo-Russian economic engagement and proposes possible means for moving forward. The existing advantages of both countries in the areas of trade and investment are also outlined.Assuming a resolution to the Russian Special Military Operation in Ukraine, the paper proposes an economic roadmap for continuing the recent momentum in the trade and economic relationship between Russia and India. The first step is to strengthen bilateral trade in existing priority export sectors of both countries. This can be followed by deeper cooperation in oil, civilian nuclear energy, and defence sectors. The introduction of rupee-rouble trade, even partially, could significantly boost these efforts. The paper also advocates for involving the private sector in these efforts by adopting a proactive approach by both governments.By combining immediate efforts with long-term geopolitical maneuvers on both sides and an early resolution of the Russian Special Military Operation in Ukraine, it is possible to push bilateral trade and investment levels onto a sustainable growth path in the future. The paper argues strongly for this approach.

A Multi-Criteria Decision-Making Process for the Selection of an Efficient and Reliable IoT Application

Saudi Arabia initiated its much-anticipated Vision 2030 campaign, a long-term economic roadmap aimed at reducing the country’s reliance on oil. The vision, which is anticipated to be accomplished in the future, underlines compliance, fiscal, and strategy adjustments that will significantly affect all the important features of Saudi economic growth. Technology will be a critical facilitator, as well as controller, of the initiative’s significant transformation. Cloud computing, with the Internet of things (IoT), could make significant contributions to Saudi Vision 2030’s efficient governance strategy. There are multiple IoT applications that cover every part of everyday life, as well as enabling users to use a variety of IoT applications. Choosing the best IoT applications for specific customers is a difficult task. This paper concentrates on the Kingdom’s advancement towards a fresh, as well as enhanced, method of advancing the development phases pertaining to digital transformation, through implementing and adopting modern communications infrastructure and ICT technology. In addition, this study proposes a recommendation system that relies on a multi-criteria decision-making investigation focusing on the fuzzy TOPSIS method for selecting highly efficient IoT applications. The prototype, as well as the hierarchy, was created to assess and correlate critical criteria based on specialist preferences and recommendations. The T5 IoT application alternative was shown to be the most highly effective and reliable choice according to the findings of both fuzzy TOPSIS and TOPSIS.

Comparing South Africa’s Sustainability and Circular Economic Roadmap to The Rest of the World

In 2015, the United Nations Member States developed a collective blueprint for sustainability and development. The 2030 Plan includes the 17 UN-SDGs, which are an immediate call for action from all countries in the form of a global collaboration. To date, a number of countries have made significant strides in achieving the goals. One solution is the transition from a linear economy to a circular economy. Together with this, new 4IR innovative technologies has helped many countries in their transition to a circular economy as well as achieving the SDGs. Countries and organizations have also adopted environmental, social, and governance reporting as another technique, and have become mandatory in some regions and organizations. The economy of South Africa is beset by poverty and inequality, considerable unemployment, carbon-intensive, water insecurity and slow GDP growth. Furthermore, the COVID-19 epidemic has caused the economic crisis to worsen further and emphasizes the need for a new development strategy to spur economic recovery. In this paper, we will compare South Africa’s sustainability and circular economic road map to the rest of the world, and we suggest solutions and policies that can be put in place for the future benefit of the country.

Indonesian Muslim Consumers' Perspectives and Behavior on Intentions to Use Islamic Financial Products Post-Covid-19

This study was motivated by the importance of exploring the factors that influence people's intentions to buy or use Islamic financial products during the Covid-19 pandemic in Indonesia. Research with quantitative technique was carried out in the form of an online survey and tested using the structural equation model (SEM) method with the SmartPLS version 3.0M application. Sampling in this study used convenience sampling technique and obtained 456 respondents. The results of this study showed that almost all variables, namely religiosity, subjective norms, Islamic financial literacy, awareness, perceived behavioral control and attitudes were proven to be strong predictors of intention to use Islamic financial products. This research provides recommendations to various parties, both financial institutions, Islamic organizations and even the government need to collaborate to strengthen the level of Islamic financial literacy in the community. In addition, this study also provides recommendations to build public trust in the Islamic economy, especially Islamic banking through collaborative development of an Islamic economic roadmap including strengthening the role of Islamic banking both in terms of infrastructure and human resources. Various parties must come together to build a strong Islamic financial ecosystem and economic recovery post-Covid-19 to develop a prosperous and prosperous Indonesian economy in accordance with Islamic ideals as Rahmatan lil 'Alamin.

Impacts of COVID-19 on World Economy and Sustainable Development Goal in Nepal

COVID-19 has multifaceted impacts in economic and development sectors. Major economic impacts have raised the problem to meet the sustainable development goals in Nepal. In boarder scales, pandemic has affected to the national and international target of Sustainable Development Goals (SDGs). In this context, we have investigated the impacts of COVID-19 on different economic sectors and sustainable development goals in Nepal. The investigation was conducted using journal articles, government documents, policy reports, and conference papers, national and WHO situation reports, World Bank analysis data, COVID-19 web portals and UN sites of SDGs were reviewed. The study found that pandemic has triggered the most severe economic crisis in the world. The global output was declined, global trade are shrunk, labour markets (working hours, job losses and prosecuted shutdown of business) were seriously affected. The global GDP has declined and global economic recession has found extreme. This shrink in economics is expected to reverse global years of progress toward development goals and could force people back into extreme poverty. In Nepal, economic impacts of COVID-19 have made unable to meet the SDGs target to 2030. The economic road map of SDGs such as no poverty, zero hunger, economic growth are negatively affected. However, vaccination campaigns with international collaboration can lead positive economic influences in Nepal.

China’s 14th Five-Year Plan will favor specialty chemicals

In March, China’s government will release the country’s 14th Five-Year Plan, an economic road map covering 2021–25. Though the plan is not yet public, official statements, other planning documents, and industry insight into the process suggest specialty chemicals will enjoy favored status. Overall, the plan aims to grow high-tech industries, make supply chains more self-sufficient, and develop more domestic demand for high-tech products and services. China’s president, Xi Jinping, wrote in a statement for an October road map planning meeting that the country needs to emphasize quality of development over speed of development. Xi also talked about moving away from China’s current development model, in which it serves as the world’s factory, both because the model has served its purpose and because relying on foreign markets and suppliers is risky given increasing nationalism and protectionism around the globe. The emphasis on high-tech industry will benefit specialty chemical makers operating in

Zakat and Poverty Alleviation in a Secular State: The Case of Muslim Minorities in the Philippines

Twelve million Filipinos live in extreme poverty. Despite a well-crafted government model for poverty alleviation, the state’s role in managing charities to alleviate economic deprivation has been minimal. By reason of the state’s strict adherence to secularism, the operation of Islamic institutions at the social level is deemed unconstitutional. It is unfortunate that the dynamics of Islamic social financial institutions, i.e. zakat, waqf and ṣadaqah, are not reflected in the economic road map for the reconstruction of the Autonomous Region in Muslim Mindanao, particularly the rehabilitation of the city of Marawi after the war. This study examines the initiatives taken by government agencies and Muslim organizations towards the gradual revival of zakat as an Islamic social financial institution. In addition, the study highlights issues on the management of zakat and its role in poverty alleviation within the context of a secular state. This study finds that due to mismanagement, zakat fails to eliminate or reduce the poverty of the Muslim minorities in the Philippines.DOI: 10.15408/sdi.v25i1.5969

China’s Economy 2018: Stabilising Slowdown to Gear up for a New Mode of Growth

China’s economy ended 2017 with 6.9% strong growth, having successfully stabilised its gradual growth deceleration from 2012. The rebound was partly the successful outcome of macroeconomic rebalancing towards domestic demand-driven growth based on rising consumption. The general policy tone for 2018 is not so pro-growth as higher quality economic growth is preferred. To fulfil his “China Dream”, Xi Jinping has a three-stage economic roadmap for the long-term development of China’s economy. For this, China needs to cultivate new sources of economic growth and make innovation and technological progress along with furthering structural reforms.

Tourism in the East African Community (EAC): Challenges, opportunities, and ways forward

The Economic Road Map and Visions of the East African Community member states (Kenya, Tanzania, Uganda, Rwanda, and Burundi) view tourism development not only as a key pillar for national development, but most importantly as a mechanism to alleviate poverty, generate foreign revenue for the government, and contribute to wildlife conservation. With exception of Kenya and Tanzania, which also have a well-developed coastal tourism segment, the remaining East African Community countries are landlocked, with nature and wildlife remaining as the only core tourism assets. Yet, their Economic Road Map and Visions foresee tourism as a key contributor to transforming their economies in the years to come . While this sounds like a honorable aspiration, most tourism revenues have been generated through narrow tourism products, such as wildlife and national parks, based on a few species (i.e. the big five and the mountain gorillas). Other challenges affecting the potential for tourism to flourish include political stability and governance, infrastructure development, service standards, and human capacity just to name a few. In this paper, drawing upon literature and previous research experiences of the authors, an overview on the state of tourism in the East African Community is presented with the aim to assess the main challenges, opportunities, and offer some reflections on possible ways forward for tourism development in the region.

Compensating a plastic surgeon: What is the best way to reward quality while optimizing efficiency?

In 2011, the Canadian government spent $200 billion on health care, $40 billion of which went toward physician salaries (1). It is no surprise that a sum of that magnitude would attract the attention of political economists. In early 2012, the Drummond report was released in Ontario (2). It is a government-commissioned economic road map for budgetary recovery. In simple terms, it is a cost-cutting or austerity checklist. Health care features prominently. Drummond hopes to hold health care-related spending increases at the 2.5% inflation mark for the next five years – less than one-third of the historical average rise for this sector. One suggestion of great interest is the recommendation that more than 75% of the physicians in Ontario be paid on salary in lieu of the current fee-for-service model (2). Compare this to the roughly 20% receiving alternative funding at the time of the global economic collapse (3).

Will India Become a World Economy Power?

India's economic rise during the last decades has surprised most of the economists, including the Nobel Laureate Paul Krugman. Which are the ingredients of such an economic roadmap and why hasn’t India's economy boosted along with those of the Asian tigers during the 80s or later, with China’s economy? Once India became an important economic player, it can no longer be neglected in international political relations as the struggle for world supremacy became more an economic and technological competition, military rivalry going in the background. How can India maintain growth rates at such a high level? What are the prospects regarding economic and political relations between India and China?

An Economic Roadmap to Korean Reunification: Pitfalls and Prospects

Research Article| March 01 1998 An Economic Roadmap to Korean Reunification: Pitfalls and Prospects Brian J. Barna Brian J. Barna Search for other works by this author on: This Site PubMed Google Scholar Asian Survey (1998) 38 (3): 265–290. https://doi.org/10.2307/2645428 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn MailTo Tools Icon Tools Get Permissions Cite Icon Cite Search Site Citation Brian J. Barna; An Economic Roadmap to Korean Reunification: Pitfalls and Prospects. Asian Survey 1 March 1998; 38 (3): 265–290. doi: https://doi.org/10.2307/2645428 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAsian Survey Search This content is only available via PDF. Copyright 1998 The Regents of the University of California Article PDF first page preview Close Modal You do not currently have access to this content.

An Economic Roadmap to Korean Reunification: Pitfalls and Prospects

An Economic Roadmap to Korean Reunification: Pitfalls and Prospects