Business Incentives Research Articles

Using break-even analysis to explore the cost and carbon reduction benefits of solar and wind energy integration in microgrids for convenience stores

In response to the increasing demands for net-zero carbon emissions in Taiwan and globally, this study explores the feasibility of implementing microgrid technologies in convenience stores to reduce carbon emissions. The study utilizes the commercial simulation tool HomerPro to evaluate the performance of integrating solar and wind power into microgrid systems, aligning with Taiwan's current priorities in renewable energy development. The analysis incorporates carbon pricing scenarios, grid reliability considerations, and financial variables such as discount and inflation rates. We simulated 256 system configurations to identify the most economically viable solutions under various conditions. The results indicate that integrating solar and wind energy into microgrid systems can significantly lower energy costs and carbon emissions, especially in high carbon-price scenarios. These benefits provide strong incentives for businesses to adopt carbon-neutral strategies. These findings provide valuable insights for policymakers and businesses, highlighting the critical role of reducing green power purchase prices in improving economic feasibility. Future research explores the impacts of integrating other renewable energy sources, offering broader technical support for achieving carbon neutrality.

Exploring public attention in the circular economy through topic modelling with twin hyperparameter optimisation

To advance the circular economy (CE), it is crucial to gain insights into the evolution of public attention, cognitive pathways of the masses concerning circular products, and to identify primary concerns. To achieve this, we collected data from diverse platforms, including Twitter, Reddit, and The Guardian, and utilised three topic models to analyse the data. Given the performance of topic modelling may vary depending on hyperparameter settings, this research proposed a novel framework that integrates twin (single and multi-objective) hyperparameter optimisation for the CE. We conducted systematic experiments to ensure that topic models are set with appropriate hyperparameters under different constraints, providing valuable insights into the correlations between CE and public attention. In summary, our optimised model reveals that public remains concerned about the economic impacts of sustainability and circular practices, particularly regarding recyclable materials and environmentally sustainable technologies. The analysis shows that the CE has attracted significant attention on The Guardian, especially in topics related to sustainable development and environmental protection technologies, while discussions are comparatively less active on Twitter. These insights highlight the need for policymakers to implement targeted education programs, create incentives for businesses to adopt CE principles, and enforce more stringent waste management policies alongside improved recycling processes.

FISCAL ASPECTS OF ESG BUSINESS DEVELOPMENT CONCEPTS

The subject of the study is the fiscal aspects of the ESG concept of business development. Methodology. The study uses general scientific methods, in particular, theoretical generalisation, methods of analysis and synthesis and statistical analysis, as well as the graphical method to visualise the results of the study. The purpose of the study is to analyse the strategic guidelines of tax policy through the prism of the ESG concept. Conclusion. The fiscal aspects of the ESG concept are an important element in understanding its impact on business. They include various tax incentives and mechanisms that promote the implementation of ESG standards and take into account the consequences of non-compliance for businesses. In particular, fiscal policy includes tax incentives for businesses that invest in green development, support social initiatives or improve corporate governance. In a broad sense, instruments such as environmental taxes are aimed at achieving sustainable growth and economic development. Strategic tax policy guidelines under the ESG approach include encouraging investment in sustainable technologies through tax incentives for companies investing in renewable energy and environmentally friendly projects. Social initiatives are supported through tax rebates for companies that develop programmes to develop local communities and improve working conditions. Corporate governance regulations require companies to report on the environmental, social and governance aspects of their activities. Promoting the circular economy includes tax incentives for companies that implement recycling and waste reduction practices. Support for small and medium-sized businesses includes tax incentives for SMEs that implement ESG standards and easier access to green finance. International cooperation involves bringing tax policy in line with international ESG standards and participating in global tax transparency initiatives. Adaptation to climate change includes the introduction of taxes on greenhouse gas emissions and the transition to low-carbon business models. Green project financing involves the use of tax revenues to support green initiatives. Innovations in tax administration are being introduced through new technologies, and education and training include funding for ESG training programmes. These guidelines will help businesses adapt to new conditions, create sustainable value and meet modern environmental, social and governance requirements.

EXPLORING CHALLENGES AND BARRIERS TO ICT ADOPTION AND THEIR SIGNIFICANCE IN THE WESTERN BALKAN ECONOMIES

The ICT industry in the Western Balkans presents a highly advanced and favorable sector with substantial potential to positively influence economic development. This sector has demonstrated great potential in creating new employment opportunities for young entrepreneurs, thereby positively impacting the region's export levels. Economic growth models emphasize the role of technology in maintaining productivity and economic development. This paper presents a literature review highlighting the impact of ICT on productivity within the Western Balkans (WB) and the structural convergence of the region. Utilizing secondary data and analyses from various scholars, this review explores different indicators for each country in the Western Balkans: Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia. The initial conclusion indicates that while the Western Balkans exhibit a tendency towards productivity convergence among themselves and towards the EU, this progress lags behind the pace of GDP per capita convergence. The impact of ICT development in the region is significant both at the firm level and in terms of overall economic growth, yet it remains behind other regions. Promoting incentives for ICT businesses and fostering innovation is crucial to enhancing the region's economic competitiveness.

Influence of Cultural Festivals on Local Economic Development in Zimbabwe

Purpose: The aim of the study was to analyze the influence of cultural festivals on local economic development in Zimbabwe. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: Cultural festivals in Zimbabwe boost local economic development by attracting tourists and increasing spending in businesses, hotels, and restaurants. They also create job opportunities in event management and hospitality. Additionally, these festivals promote cultural heritage and community pride, which can enhance regional attractiveness for investment. However, economic benefits are often concentrated in larger cities, leaving rural areas less impacted. To maximize benefits, it is essential for festival organizers and local governments to ensure equitable distribution of resources and support sustainable infrastructure development. Unique Contribution to Theory, Practice and Policy: Creative economy theory, event impact theory & place-based economic development theory may be used to anchor future studies on analyze influence of cultural festivals on local economic development in Zimbabwe. Local governments and festival organizers should develop targeted marketing strategies that not only attract more visitors but also extend the festival’s economic benefits beyond its duration. Develop and implement policies that provide financial and logistical support to cultural festivals. This could include grants, subsidies, or tax incentives for festivals and local businesses involved in the event.

Ways to stimulate business towards socially responsible behavior and respect for human rights in the economic sphere

The article focuses on the growing role and importance of socially responsible business behavior. This is associated with a number of factors, such as the increasing ethical consciousness of society, the growing impact of business on the environment and people’s lives, and intensified competition in the market. It is noted that socially responsible business behavior involves respect for human rights, environmental protection, investment in human capital, and the fight against corruption. The purpose of the article is to explore and substantiate the ways to stimulate business towards socially responsible and respect human rights in the economic sphere. This goal is realized in the article by solving the following research tasks: the author analyzes the concept and essence of socially responsible business behavior and respect for human rights in international legal documents; defines the basic principles of socially responsible business behavior; studies the factors influencing the incentives for business towards socially responsible behavior; and develops and substantiates a complex of measures to stimulate business towards socially responsible behavior and respect for human rights. The author explores the role of business in society and the need to take into account social and ethical aspects in its activities. The author analyzes the impact of socially responsible behavior of business entities on economic development and positive impact on society as a whole. The expected results of the proposed measures are determined. The general conclusion of the article is that socially responsible business behavior and respect for human rights in the economic sphere are important components of sustainable development in modern society. Specific recommendations are proposed for enterprises to engage in these processes and maximize their social impact. The results of this study can be used to develop and implement state policy in the field of stimulating socially responsible business behavior, as well as for self-improvement of business entities.

Does environmental regulation promote enterprise environmental protection investments? A quasi-natural experiment from river chief system in the Yangtze river delta of China

The investment decisions of enterprises are affected by environmental regulations designed to protect the environment, so environmental regulations may change companies' investment behavior in environmental protection. This study focuses on the River Chief System (RCS)1, an innovative environmental regulation related to river governance which officially launched in China in 2014. Based on data collected from heavy-polluting companies in the Yangtze River Delta, we use the difference-in-differences model (DID Model)2 and focus on RCS's impacts on micro-environmental protection investments. Our findings reveal that the RCS is conducive to expanding the scale of enterprises' environmental protection investments. Industrial structural upgrades appear to have a masking effect wherein the one-sided pursuit of industrial structural upgrades may slow economic growth and cause enterprises to reduce the scale of environmental investments. We recommend that the allocation of environmental investment should be based on the characteristics of local markets and public participation, and maintain a balance between secondary and tertiary industries, government and business incentives.

Are university students really hungry for sustainability? A choice experiment on new food products from circular economy

Consumers are demonstrating increasing awareness towards initiatives promoting sustainable practices in the food sector. This is particularly pronounced among university students, a segment known for its receptivity to sustainability initiatives. Utilizing a choice experiment, this study examines the Italian students’ preferences for fruit juice produced by a hypothetical company. Specifically, the research explicitly assesses the premium price attributable to a circular economy certification—a relatively new standard—in comparison with the widely recognized and appreciated organic certification. Furthermore, the study evaluates the potential additive value of possessing both certifications jointly. Results indicate that consumers are willing to pay a premium for products labelled with circular economy attributes. However, in the presence of an organic certification, the additive value of the circular economy certification is diminished by more than half. Finally, consumers who have received environmental training demonstrate a higher premium for such products, highlighting the role of education in promoting sustainable choices. These findings suggest that a potential market exists for circular economy-certified products, providing an incentive for businesses to adopt circular economy practices. Environmental training plays a relevant role in fostering sustainable transitions, thereby underscoring the significance of education in shaping conscious consumer behaviour.

Does Shrinking Population in Small Towns Equal Economic and Social Decline? A Romanian Perspective

Sustainable development has been a global concern worldwide for the last decades now, but only recently have the challenges faced by small towns, especially in regions experiencing population contraction been addressed. (1) Background: This article delves into the case of Romania, a country in Eastern Europe that has witnessed significant demographic, social and economic changes in recent decades. Population contraction in small towns can significantly impact their future development. (2) Methods: The research was conducted in three stages: first, we selected relevant demographic, economic, financial and social indices (16 in total), then we analysed their changes over time, and forecast their values based on statistical data to assess economic development sustainability for 215 small towns with less than 20,000 inhabitants. (3) Results: Following the aggregation of the quantitative indicators and the demographic changes, we identified four categories of small towns. (4) Conclusions: the study underlines the importance of adopting proper policies targeting small towns in Romania to ensure their long-term viability by implementing targeted policies and strategies such as incentives for local businesses, improving educational and healthcare facilities, and promoting entrepreneurship. The ultimate goal is to mitigate the adverse effects of population contraction and pave the way for more sustainable and resilient communities.

Exploring critical determinants influencing businesses’ continuous usage of mobile payment in post-pandemic era: Based on the UTAUT2 perspective

Consumers across demographics have diverse digital lifestyles and rely heavily on e-commerce to purchase necessities including food and beverages. The COVID-19 pandemic has habituated consumers to making mobile payments at an accelerated pace. Despite rising consumer demand for mobile payments, comparable trends in the supply side for businesses remains crucial for the future sustainability of mobile payments. However, businesses must remain willing to accept mobile payments and engage in continued marketing to promote mobile payment. Few studies thus far have applied multi-criteria decision-making analyses to evaluate the critical determinants of intention and motivation to use mobile payment; quantitative analysis methods, such as factor, regression, and variance analyses, are more commonly applied. This study examined the critical evaluation constructs and criteria that affect retailers and service providers in outlying islands using the Extended Unified Theory of Acceptance and Use of Technology (UTAUT2) as our theoretical basis. It then established a multi-criteria decision-making framework for understanding the factors influencing businesses' mobile payment use. This study uses the multi-criteria evaluation of the Decision-Making Trial and Evaluation Laboratory (DEMATEL) and DEMATEL-based Analytic Network Process (DANP) to create network relation maps of the constructs and criteria for the willingness of outlying island retailers and service providers to continue accepting mobile payments. Penghu County is located on the outlying islands of Taiwan and has witnessed a substantial shift in transaction practices among its small and medium-sized enterprises following the outbreak of the pandemic. It experienced a marked decrease in tourist influx during the COVID-19 pandemic, significantly impacting local businesses. This study aimed to better understand the opinions and motivations of businesses in Penghu County regarding mobile payment services. Insights from this perspective should help improve local businesses’ adaptability and usage habits. The findings offer significant strategies for the government to provide specific training programs and subsidies or incentives for businesses adopting mobile payment technologies, ultimately expanding mobile payment services across small businesses that target tourists.

Assessing the role of carbon pricing in global climate change mitigation strategies

Carbon pricing has emerged as a crucial policy tool in global efforts to mitigate climate change by internalizing the costs of carbon emissions and incentivizing emission reductions. This review provides an assessment of the role of carbon pricing in global climate change mitigation strategies. Carbon pricing mechanisms, including carbon taxes and emissions trading systems (ETS), have gained traction worldwide as governments seek effective ways to reduce greenhouse gas emissions. These mechanisms establish a price on carbon emissions, creating economic incentives for businesses and individuals to reduce their carbon footprint. The effectiveness of carbon pricing in mitigating climate change depends on various factors, including the stringency of pricing mechanisms, coverage of sectors and gases, and complementary policies and measures. Studies have shown that well-designed carbon pricing policies can lead to significant emission reductions while promoting innovation and investment in clean technologies. However, carbon pricing also faces challenges and limitations, including concerns about equity, competitiveness, and political acceptability. Distributional impacts on vulnerable populations and energy-intensive industries must be carefully addressed to ensure the fairness and effectiveness of carbon pricing policies. Furthermore, the success of carbon pricing depends on international cooperation and coordination, as emissions can easily shift across borders in response to pricing disparities. Global efforts to harmonize carbon pricing mechanisms and establish international carbon markets can enhance the effectiveness and efficiency of mitigation efforts. In conclusion, carbon pricing plays a crucial role in global climate change mitigation strategies by aligning economic incentives with environmental objectives. While it offers significant potential for reducing emissions and fostering the transition to a low-carbon economy, addressing challenges such as equity concerns and promoting international cooperation is essential for maximizing its effectiveness. By integrating carbon pricing into comprehensive climate policy frameworks, policymakers can accelerate progress towards a sustainable and resilient future.

Understanding rural pharmacists' perspectives: lived experiences and insights associated with rural recruitment and retention.

Pharmacists serve an important role in rural communities, and in some cases they may be the only health professional available. Their recruitment and retention is a major concern for rural communities and health services; however, a deeper understanding regarding the advantages and challenges of sustaining a rural pharmacy workforce is somewhat limited. The aim of this study was to develop a deeper understanding of pharmacists' perspectives about factors influencing pharmacist recruitment and retention to rural and remote communities. The exploratory study, carried out in rural Tasmania and rural Western Victoria, used a qualitative descriptive design. Structured interviews, lasting between 30-60 minutes, were conducted by a single researcher using the Pharmacist Community Apgar Questionnaire via face-to-face, telephone or videoconferencing technology. Data were analysed thematically using verbatim transcription, extraction of significant statements and identification of similarities in formulated meanings, grouping the similar meanings and significant statements that pertained to the phenomena of interest. Specifically, qualitative data were used to provide a deeper understanding of factors identified as key assets, capabilities, or those most challenging for pharmacist recruitment and retention. The advantages and disadvantages rural communities face in recruiting and retaining pharmacists are presented. These insights are linked to the advantages of financial income, incentives and moving allowance. Further advantages include the degree of practice autonomy, breadth of tasks, the perception of the community, loyalty to the pharmacy and its pharmacists, along with community recognition. Challenges associated with the recruitment and retention of pharmacists centred on the need for spousal or partner employment opportunities, having greater proximity to schools, access to social or cultural opportunities, along with good transport connections. Further challenges included housing, the cost of schooling for children, having adequate locum or peer coverage and opportunities to host interns. The study provides a deeper exploration of the meaning and experiences of factors that previous research has shown are considered advantageous or challenging to the recruitment and retention of pharmacists in rural areas. Through the voices of pharmacists living and working in a rural area, the findings further enlighten our understanding regarding how the multifaceted and complex nature of health workforce planning may be addressed. As such, greater pharmacist recruitment and retention is enabled through adequate financial compensation and incentives, along with additional tax incentives for business and health services. Further, innovation is required to enhance economic sustainability. Locum coverage and intern opportunities also require innovative approaches to address concerns among potential candidates. Lastly, efforts to enable and support social connections such as schooling and spousal employment, while building community connection and a sense of rural community belonging, remain essential to recruit and retain pharmacists. Rural pharmacist recruitment and retention is complex, requiring a multi-pronged approach to implement practical solutions. Given this complexity and the unique features of each rural community, solutions require whole-of-community ownership to create innovative solutions. Recognition of specific advantages and challenges can address key driving factors for pharmacist recruitment and retention in rural communities.

Вопросы теории и практики стимулирования бизнеса посредством института страховых взносов

Due to the need to develop certain types of commercial and industrial activities, the state is on the path of permanent search and optimization of tools and methods for such development. A special place among them is given to tax incentives as a system that provides attractive business conditions, including by reducing insurance premium rates. As a result, there is an increasing need for scientific substantiation of the processes of using tax incentives for business. The article examined the rules establishing the use of benefits in relation to individual payers of insurance premiums, which made it possible to discover the peculiarities of tax incentives for these subjects. The positions available in legal science on the issues of work were also studied. The conclusion about the need for further legislative reform of tax incentives for individual business entities is substantiated. You should also take into account the long-term results of applying benefits on insurance premiums associated with the further development of the IT technology market and the increase in the number of small and medium-sized businesses.

Towards Climate Resilience: A Comprehensive Study on Eco-Friendly Alternatives for Single-Use Plastic Sheets in Somalia

This research critically examines the recent policy intervention by the Somali government, focusing on the prohibition of single-use plastic sheets. The primary aim is to safeguard the environment and enhance public safety, aligning with global efforts to address plastic pollution and promote sustainable practices. The government's proactive approach urges manufacturers to explore alternative materials that prioritize community well-being and minimize environmental impact. This research, in response to the government's call for action, seeks to contribute comprehensive strategies that complement existing efforts. One key facet of the proposed initiatives involves research and development to identify and promote eco-friendly substitutes for single-use plastic sheets. This includes investigating materials with minimal environmental impact throughout their lifecycle. By encouraging innovation in materials science, the study aims to support the government's commitment to sustainable practices and reduce dependence on harmful substances. In addition to material innovation, the research emphasizes the importance of awareness campaigns to educate the public about the environmental and social implications of plastic usage. Community awareness is crucial for fostering a collective understanding of the need for change and garnering support for the government's policies. This aspect of the study aims to develop targeted communication strategies to engage diverse segments of the population and promote a culture of responsible consumption. Furthermore, the research advocates for the implementation of recycling programs to manage existing plastic waste effectively. Developing robust waste management infrastructure is essential for ensuring that discarded plastic materials are recycled efficiently, reducing their impact on the environment. Recognizing the economic aspects of the transition, the research proposes incentives for businesses that adopt sustainable materials. These incentives can include financial support, tax breaks, or preferential treatment in government procurement processes. By aligning economic interests with ecological responsibility, the study aims to facilitate a smooth transition and encourage widespread adoption of sustainable practices. Through a comprehensive analysis of various initiatives, the research aims to provide actionable insights for policymakers. Recommendations will be formulated to guide the government in implementing effective measures that align with its commitment to environmental sustainability and the overall safety of the Somali population. In conclusion, this research aspires to contribute practical strategies for Somalia, balancing economic interests with ecological responsibility. By fostering a harmonious coexistence between human activities and the environment, the study aims to support the government's vision of a resilient and sustainable future.

Revitalizing from Ashes: Economic Development and Business Resilience in the City of Vukovar

The paper examines a paradigmatic example of post-conflict economic development of Vukovar, Croatia. It represents a pertinent case study for localities encountering analogous challenges, most notably urban areas in Ukraine in the near future. The war that broke out in 1991 brought significant human casualties, population displacement, and extensive destruction of residential, social, and economic infrastructure. The completion of the peaceful reintegration of Vukovar into Croatia’s legal system in 1998 marked the beginning of the socio-economic revitalization process. The research scrutinizes the primary impediments and prospects for Vukovar’s economic growth, probing why substantial investments in reconstructing housing, transport, communal infrastructure, and fiscal incentives for businesses have not paralleled its economic performance. It concentrates on the local business climate and influential factors as potential explanations for this discrepancy. The topic was designed as a case study and was covered by document analysis, survey method, and semi-structured interviews. Utilizing a mixed-methods approach, the study collates perspectives from entrepreneurs and business support institutions. The results confirmed that reconstruction of housing and social infrastructure is necessary, but more conditions are needed for successful post-conflict economic development, and that the business climate in lagging local units highly depends on state- and locally designed business-support measures.

Migration, Remittances, and Local Development in Moldova

Remittances and know-how transfer play a significant role in economic development in countries with high out-migration, and Moldova, in this regard, has been abundantly studied. In our research, we tried to assess the influence of remittances and knowledge transfer on local development from the point of view of migrants’ families, local entrepreneurs, and stakeholders. We used the empirical data obtained from a nationwide survey of about 600 rural households whose members experienced international migration and from the interviews with stakeholders and focus groups with farmers’ attendees. The results revealed that remittances often support the household's budget, covering the salary gap, and contribution on initiation of the local businesses. To encourage the investment of remittances in local infrastructure and entrepreneurship, the government launched several programs that aim to subsidize migrants’ business incentives. However, the results show that migrants prefer to invest in improving living conditions and are more reluctant to invest in their own businesses, either because of the lack of a market or because of institutional mistrust. The local authorities acknowledge the importance of remittances on local development, but at the same time, they are concerned about the demographic resilience of the localities and emphasize the lack of labor force caused by migration. In the context of labor shortage, entrepreneurs in the agricultural field admit that they have to improve the technology of production processes but also adapt their field of activity to one that requires less intensive manual work. The obtained results contribute to a better understanding of the influence of remittances on migrants’ households and local development.

Assessment of Economic Opportunities Available to Vocational and Technical Education Programmes for Sustainable Local Content Policy in The Oil and Gas Sector in Bayelsa State Nigeria

The study assessed economic opportunities available to vocational and technical education programmes for sustainable local content policy in the oil and gas sector in Bayelsa State, Nigeria. A descriptive survey design was adopted for the study. Two (2) research objectives were formulated to guide the study. The population of the study comprised of all stakeholders in vocational and technical education and oil and gas sector in Bayelsa State. A sample of 230 respondents (180 lecturers from the vocational and technical education in the three tertiary institutions in Bayelsa State and 50 staff of Nigerian Content Monitoring and Development Board from the corporate headquarters). The instrument for data collection was an “Assessment of Economic Opportunities Available to Vocational and Technical Education Programmes Questionnaire” which was developed by researchers and validated by experts. The reliability of the instrument was established using Cronbach Alpha Formula and a coefficient of 0.87 was obtained. The research questions were answered using mean and standard deviation via Statistical Package for Social Science (SPSS) version 26. The findings revealed that lack of adequate local skills and expertise, Limited access to financing for local businesses, insufficient support and incentives for local businesses, limited infrastructure (power, transportation, etc.), poor enforcement of the policy regulations, insufficient efforts to provide training and capacity building programs to enhance local skills and capabilities, lack of information about available opportunities, limited access to networks or partnerships with larger corporations, stringent qualification criteria and regulatory and bureaucratic hurdles are major the challenges inhibiting the implementation of Local content policy in Bayelsa State. It was recommended that The Nigeria Content Monitoring and Development Board should continue to sponsor vocational and technical based programmes that will create the required awareness on the need for indigenous domination of the Oil and Gas Industry.

Застосування теорії змін в екологізації бізнесу

The article summarizes scientific approaches to the development of the theory of changes in the greening of business. The scientific and methodological approaches to understanding the basics of the theory of change have been developed. The features of the application of the theory of change in the greening of business are presented. The specifics of the development of the theory of changes in the greening of business on the example of Ukraine are revealed. It is determined that for the Ukrainian realities, the greening of business is implemented mainly in the formal plane in the context of compliance with the norms and standards of environmental development, ensuring environmental taxation, control of environmental pollution standards, which slows down the development of the component of the Ukrainian environmental business and hinders the innovative introduction of elements of the ecological paradigm in our country. The theory of change is a rigorous but necessary process by which groups and stakeholders in planning activities formulate their long-term goals and define the conditions that they believe should precede the achievement of these goals. These conditions are modeled as desired outcomes, organized graphically in a causal structure. Change theory describes the types of interventions (a single program or a coordinated initiative) that lead to the outcomes depicted in the outcome map. Each intervention is linked to an outcome in a causal system, revealing the often complex web of actions required to bring about change. Several factors have been found to make it difficult for multinational companies to take action against climate change, such as a lack of certainty about climate policy, a lack of green technologies, and a lack of return on investment. The use of green practices also remains limited in the International Health Standards (IHR) in both developed and developing countries, due to limited access to finance and skills, lack of information and knowledge about innovation, and, in some cases, poor enforcement of rules. It is determined that for a better and more effective application of the norms and provisions of the theory of changes in the greening of business, it is relevant to introduce professional courses for managers and environmental managers of companies, which will direct the professional training of management staff to the implementation of effective environmental changes in business. It is also relevant to introduce the State-based programs to stimulate the development of greening business in terms of indirect (tax incentives for businesses that implement environmental innovations) and direct incentives for the implementation of environmental changes (preferential lending for greening business).

Youth Population in Pakistan: Leveraging Growth for National Advancement

This study examines Pakistan's youth, who comprise more than 64% of the population, and their capacity for change and the implications for the country's future. It examines the current demographic trends, problems like the lack of meaningful employment opportunities, education and skill gaps, unemployment, and the potential benefits of this demographic boom. To maximize youth potential as a catalyst for economic growth, social progress, and innovation and avoid the youth bulge becoming a socio-political strain, the article emphasizes the urgent need for strategic interventions and comprehensive reforms in education, employment, health, and civic participation. The study offers suggestions and measures to turn the growing youth population into a significant asset for national development and draws lessons from international examples, particularly China. To make the rising population of youth an asset for Pakistan, several measures are required. Firstly, investing in quality education is crucial. By implementing policies that guarantee equal educational opportunities for all young individuals, irrespective of their socioeconomic status, we can effectively provide them with the essential competencies and information required to navigate the challenges of the forthcoming era. This includes promoting technical and vocational training programs to address the needs of the job market. Secondly, creating employment opportunities is essential. The government and private sector should work together to generate jobs and promote entrepreneurship. This can be achieved through supportive policies, incentives for businesses, and fostering a conducive environment for innovation and growth. Lastly, focusing on healthcare and social services is vital. By prioritizing the well-being of the youth, we can address issues such as malnutrition, healthcare access, and mental health support. This will not only improve their quality of life but also enable them to contribute effectively to the development of the nation. By implementing these measures, Pakistan can harness the potential of its growing youth population and transform them into an asset for the country's progress and prosperity.

VAT and the Cross-Border Digital Economy in Africa: An Issue of Non-Compliance or Design?

Collecting VAT on cross-border e-commerce transactions has become a priority for states around the globe, including on the African continent. Following the international (OECD) guidelines, most countries require non-resident businesses to register in the state of consumption and remit the VAT on their B2C e-commerce supplies. While this may work in certain countries where the value of e-commerce is high, it is not the case in most African countries, where there is no real incentive for businesses to register and no real risk of sanctions in case of non-compliance. In this article, the author argues that mandatory registration of foreign businesses is hardly enforceable in developing economies, and that another approach might be needed for these countries.