Non-economic Activities Research Articles

Solar energy feasibility for power generation in lower shire districts: A case study of Chikwawa District

Background: Electricity availability is an essential part of both economic and non-economic activities in any country. Malawi being one of the developing nations experiences a lot of challenges both in its economic and non-economic activities due to unlimited levels of electric supply in its country. This inadequacy of limited supply has remained a challenge for a longer period of time to the effect that the country Malawi for a longer period of time has an overwhelming record of blackouts and load shedding. Consequently, this has affected in a negative way the economic activities of this nation such as low productivity in the production of goods and services making livelihood a difficult. Similarly, noneconomic activities such social interactions seem to be challenging due to lack of electricity. In this regard an investigation in determining new innovations towards electricity production remained one of the most important aspects in this county of Malawi. Method: This study was conducted in Chikwawa district, Malawi, to assess the feasibility of solar energy production. The methods used include temporal variability, correlation, trend, and spatial analysis to assess solar radiation, sunshine hours, and their distribution in the area. Result: As a result, the study was established with the purpose to assess feasible regions within the country of Malawi to innovate solar energy production to boost high levels of solar energy production. This study was conducted in the lower shire district and to be specific in Chikwawa district. The objectives of the feasibility in Chikwawa district included; assessing solar radiation and sunshine hours towards solar energy production, the spatial distribution of solar radiation and sunshine hours towards solar energy production, the trend of sunshine and solar radiation towards solar production and at the end to map the areas in Chikwawa District where solar energy production could be harnessed. Through the use of temporal variability, correlation analysis, trend analysis, and spatial analysis, the findings of this investigation established that harnessing solar energy is much more possible in areas of the lower shire which is the among others include Chikwawa district of Malawi as most areas currently in this region has less places with solar energy production but with high availability of solar radiation. Conclusion: For the fact that the findings reveal more feasible places to establish solar energy production, this study recommends commitment by government and private sector to greatly establish solar energy production units in this area whilst focusing on identifying other potential areas where solar energy production can be harnessed in Malawi. In this regard, this exposition has achieved its purpose of fostering renewable energy production through innovating and investing in solar energy production. Novelty/Originality of this study: This detailed spatial and temporal analysis study has identified optimal locations for solar energy production, providing a new approach to renewable energy planning in developing countries.

The Islamic effect: Exploring the dynamics of Islamic events on sustainable performance of Islamic and conventional stock markets

This study attempts to investigate the effects of Islamic events on both Islamic and conventional stock markets and analyze which market reacts more pronouncedly to these events. From 2012 to 2022, the research used daily stock return data from eight nations: Kuwait, India, Nigeria, Malaysia, Pakistan, Qatar, Saudi Arabia, and the United Arab Emirates. The study examines how Islamic holidays such as Ashura, Eid Meelad ul Nabi, Eid ul Azha, and Ramadan affect both Islamic and Western stock markets. The researchers use the Generalized Autoregressive Conditional Heteroscedastic (GARCH) model to analyze the data. The results of this analysis show that Islamic events in India, Nigeria, Malaysia, Pakistan, and Qatar have a strong and favorable link with Islamic stock returns. However, it was discovered that there is a little correlation between Islamic events and Islamic stock returns in the remaining three nations. The study also reveals a strong and favorable correlation between Islamic events and conventional stock performance in all countries. By offering a comparative analysis of the effect of Islamic events on Islamic stock markets and mainstream stock markets, these findings add to the body of current material. Every religion has its own set of rituals that its adherents observe, and these rituals frequently have an impact on different economic and non-economic activities. This study sheds light on the precise connection between these events and stock market performance by examining the impact of Islamic occasions on both Islamic and conventional stock markets.

Legal Aspects of the Functioning of a Limited Liability Company as a Social Enterprise in Polish Law

The legal form of a limited liability company is the most popular among all commercial companies in Poland. The vast majority of these companies conduct business activities for profit. However, there are a number of companies that are preoccupied with non-economic activities, pursue pro-social goals, and define themselves as non-profit companies or social enterprises.
 The article presents a historical outline and legal basis for the conducting of non-profit activities by limited liability companies in Poland. The subject of the research will be the legal conditions for the obtaining of the status of a social economy entity by a limited liability company and the conditions for the obtaining of the status of a social enterprise, in connection with the entry into force of the Act of August 5, 2022 on the social economy. The possibility of conducting business activity by these entities will also be analysed.

EDUCATION AS A TOOL FOR STABILISING THE SOCIO-ECONOMIC SITUATION IN UKRAINE: PROBLEMS, PROSPECTS

The impact of education on society and the economy is manifested in the reproduction and improvement of: human resources, social capital, personnel, professional and qualification potential of enterprises; motivations and incentives for human development, economic activities, productive employment; standards, benchmarks, priorities of economic and non-economic activities; creative (knowledge and rent generating) potential of social technological support. The purposes of the article are: to determine the features of effective balanced satisfaction of the educational needs of the population and economy, which results in the resilience, sustainable development of the state and society; to identify the shortcomings of modern management approaches to the processes organisation for meeting educational needs and staffing in Ukraine; to justify relevant guidelines and priorities for the educational system and macroeconomic development. The methods of research include: analysis and generalisation of literary sources on the problems of organisation and prospects of improvement of education, social activities of personnel provision for the Ukrainian economy, reproduction and optimisation of professional, qualification and innovation potential; comparison of regularities and problems of the educational system functioning as a progressive stimulus and component of the Ukrainian economy, which allows to synthesise and systematise the urgent priorities for activation of the potentials of education itself and the workforce in order to provide the state resilience and sustainable development in the complex internal and macro-regional realities of today. The role of education as a social institution, an individual and collective resource that creates an environment and provides opportunities to achieve acceptable competitiveness criteria for a range of subjects at micro-, meso- and macro-competitive levels, is constantly increasing in the globalised world. At the same time, the principles and priorities of the reproduction and use of human resources and the labour force itself, the systemic processes of normalisation and deregulation of various aspects of the functioning of the labour sphere, the formation and implementation of social capital, the coordination of administrative and market levers of relevant practices and measures, the sequence of their guidelines have a powerful impact on: the content of comprehensive and professional education recognised as socially necessary (i.e., provided to the average consumer through services of legally recognised basic quality); the quality of material, technical and personnel support of the education system; directions of its modernisation. Fulfilment of the conditions and measures for ensuring compliance of the systems of education and employment organisation with the dynamic requirements of the scientific and technological progress, implementation of their prognostic functions to meet the prospective needs of the economy in personnel requires the participation of a wide range of public institutions and subjects of legislative regulation, macroeconomic and branch administration, provision of services for education, career guidance, personnel selection, employment, certification, material and technical support of various educational and qualification processes.

THE DUAL CHALLENGES OF SOCIO-ECONOMIC AND WORKING LIFE OF CONSTRUCTION WORKERS: A CASE STUDY IN MAYURBHANJ DISTRICT OF ODISHA

Background/Objectives: Today, it is highly emphasized that construction workers participation in the path of countrys development is depending upon by enhancing their social and economic status. In construction activities, health is the important determinant of employment, and it is the deteriorating factors consider to workers especially in construction sector. They are simultaneously engaging in economic and non-economic activities. The aim of this paper is to investigate socio-economic conditions and special emphasis has given to identify the work related problems of building construction workers in Mayurbhanj district of Odisha. Methods/Statistical analysis: The study largely relays on field data. A sample size of 300 building construction respondents were selected from the district by employing simple random sampling method. The respondents were interviewed with a well-structured schedule. Simple percentage and regression analysis was used to interpret the data. A multiple regression analysis has been conducted to show the economic impact of the construction work on the construction workers. The Garret Ranking Technique is used for analysing the study of problems faced by unorganised workers in Mayurbhanj District. Findings: In this multiple regression analysis saving is dependent variable whereas income, expenditure and type of work are independent variables. Income and expenditure are significant at 1 percent level and type of work is significant at 10 percent level. In the result of Garret Ranking the health hazards problem got the first rank with 89.44%, followed by ‘Heavy Physical Work got the second rank with 89.11 per cent of workers. This study concluded with some suggestions for improvement of the unorganised workers socio-economic conditions. KEY WORDS: Building workers, socio-economic Condition, work-site problems, Regression Analysis, Garret- Ranking Technique.

ЭКОНОМИЧЕСКИЕ МЕТОДЫ НИВЕЛИРОВАНИЯ УГЛЕРОДНОГО СЛЕДА В ЗЕРНОПРОДУКТОВОМ ПОДКОМПЛЕКСЕ

Trends in digitalization and leveling the carbon footprint predetermine priority areas for the grain product systems development. The role of sustainable development of such systems, which covers the entire chain of agro-industrial enterprises, is growing, since 25% of the entire carbon footprint is formed in agriculture and related industries. The energy profile of the world economy is undergoing fundamental structural changes under the influence of the emerging global climate policy, on the one hand, and under the influence of massive technological innovations, on the other hand. Currently, there are no single schemes for reducing the carbon footprint and its impact on the efficient production of large economic systems in the agro-industrial complex. The scientific novelty of the research will lie in the application of deductive, inductive and traductive reasoning in the study of the problems of reducing the carbon footprint and its impact on the efficient production of large economic systems using the grain product subcomplex as an example. Assessment of the impact of the carbon footprint on the economic efficiency of the economic mechanism of the grain product subcomplex, including its innovative and investment component is a problem that does not have an unambiguous solution. In modern economic conditions, grain product subcomplexes are complex social and economic systems that have diverse hierarchically structured connections. The analysis of the impact of the distribution of the carbon footprint in conjunction with the assessment of the economic efficiency of the economic mechanism of the agro-industrial complex of the region, its innovative and investment component in the context of the digital path of economic development is among the most relevant and significant for the national economy of the country. The theoretical significance of the study lies in combining the concept of ecologization of the economy (carbon footprint) with the concept of determining the economic efficiency of hierarchically complex economic systems. The practical scientific significance lies in the development of a methodology for evaluating the performance of hierarchically complex economic systems in the context of a digital path of economic development. The scientific problem is to identify patterns in the distribution of the carbon footprint throughout the chain of production, distribution, exchange and consumption of grain, as well as in an objective and systematic assessment of the economic efficiency of the economic mechanism of the grain subcomplex (including the innovation and investment component), including in the possibility of assessing and non-economic activities (social, environmental, etc.).

Towards Divine Economics: Some Testable Propositions

Throughout the human history, the religion has remained a fundamental feature of social construct and human behaviour. Religious orientation plays important role in shaping human perceptions about economic and non-economic activities. With few exceptions, religion has remained an un-explored area in economics. For most economists, narrative and metaphor have no place in a rational choice theory, which is a wrong belief. In fact, any approach that considers behavioural laws satisfying the criteria of objectivity, reproducibility, and refutability is scientific and falls in purview of rational choice framework. A few studies, however, do exist on economics of religion under rational choice concerning to households, groups, and entire “religious markets”. [Becker (1976); Iannaccone (1988, 1990, 1992, 1993); Mack and Leigland (1992)]. Rosenberg (1985) presents discussion of the limitations of neoclassical economic theory due to its reliance on exogenous differences in taste and preference. It is argued that these limitations cannot be circumvented by findings and theories in other disciplines (e.g., psychology), because any measurement of preferences must begin with neoclassical assumptions about rationality. The alternative to tasteendogeniety advanced by [Becker (1976)] is found to only circumvent the usual difficulties if “stable preferences” notion is interpreted as needs. Further advancement is not taking place because of the important heterogeneous variables, which have yet received little attention from economists. Such variables may be found in attitudes and values acquired by consumers in variety of social and religious environments.

From Social Protection to Personal Protection: Implications for an Integrated Framework of Retirement Planning for Informal Workers in Ghana.

Without a mandatory retirement age, many informal workers are exploring diverse ways of ensuring their well-being as they age. This exploratory study focuses on the retirement plans of workers in Ghana’s informal sector to inform interventions to ensure their well-being. Findings from 35 in-depth interviews among self-employed informal workers in Adum-Kumasi, the largest hub of Ghana’s informal work, highlight that retirement planning is centred on self-protection through investment in economic and non-economic activities. The study contributes to the discourse on extending social protection coverage to informal work settings. It further recommends an integrated policy framework for social protection to cover a broad range of domains that are important for the well-being of informal workers in later life.

Mere podrške razvoju poljoprivrednog zadrugarstva u Republici Srbiji

Cooperatives are an organizational form of association that has an extremely long tradition, and at the same time it is widespread in all parts of the world and in a large number of economic and non-economic activities. One of the areas in which cooperatives are most represented is agriculture. Association in the agricultural sector brings a number of benefits to farmers, and is one of the factors that contributes to the sustainable development of rural areas. The practice of most developed countries is to support cooperatives, primarily through agricultural policy measures. The aim of the research is to analyze the current situation and limitations on the further development of the cooperative sector. Also, by analyzing current measures, primarily financial support to cooperatives, the authors try to determine the extent to which the existing support mechanisms are adapted to the needs of cooperatives and in what ways could the positive impact of support measures be increased. The existence of financial support to the existing and newly formed cooperatives in the field of agriculture, agritourism and crafts in rural areas, which is achieved in the form of various development programs, is assessed as a positive step compared to the previous practice in which the cooperative sector was largely marginalized. Following the experiences of countries with developed agricultural cooperatives, the authors point out that only through consistent support measures and coordinated work of all entities in the agricultural sector can we expect the reaffirmation of the concept of cooperatives in agricultural practice.

POPULATION AS AN INTEGRAL PART OF RECREATIONAL AND TOURIST POTENTIAL

The article defines the directions that it is recommended to assess the role of the population in the formation of recreation and tourism activities (RTA). It is proved the need to investigate the role of the population in the RTA in two main directions: 1) as a subject of recreational and tourist systems in its relation to their media (objects); 2) combined - as a subject and component of the object of recreational and tourist systems. The population forms the flows of recreation and tourists, developing relevant structures and mechanisms for their recreational and tourist service, organizes directions and fields of economic and non-economic activities that ensure the recreational needs of the population, creates a specialized recreation infrastructure, develops and implements a variety of functional and territorial organization of recreation and tourism, forms at the national and international level of territorial division of labor.
 In order to evaluate the recreational potential of a separate plot or object usually consider not the entire nomenclature of conditions and resources, but only a characteristic or typical combination. Each territory, each object of recreation and tourism has its own set (complex) of resource characteristics. And this circumstance greatly facilitates the procedure for a comprehensive assessment of recreational potential due to elimination (allocation) of a characteristic complex of terms and resources of RTA. A similar situation arises for a functional assessment of recreational potential. The valuation of conditions and resources are not developed for a general list of species and forms of RTA, but for those that are distributed in this area in this locality.
 It is determined that among the numerous characteristics and indicators of recreational potential, the concept of recreational and tourist attractiveness is one of the objective indicators of resource potential. Estimation of recreational potential for quantitative indicators of recreation and tourists and their numerical and spatial distributions creates an objective basis for all other characteristics and indicators of RTD.
 Another important characteristic of the recreational potential, which forms the population as a factor of RTA is a recreation capacity of territories and objects of RTA. The concept of "recreational capacity" is related to "recreational attractiveness". Attractiveness characterizes recreational territories and objects for their attraction, according to real flows of recreation and tourists. Recreational capacity is intended to set the upper limits of such attractiveness. Attractiveness represents the actual use of a recreational resource, and the capacity indicates its critical level of recreation, which does not lead to degradation of this resource. In recreational geography, tourism and planning of territories, this direction is well known and extremely designed. The indicators of recreational capacities for certain types and recreation forms and recreations - beach baths, short-term rest in green zones, anthropogenic load of resort zones and areas of the natural reserve fund, maximum population density in various functional zones of the big city, etc. At the same time, the zonal principles of assessing the recreational capacity of objects and areas of recreation and tourism have not yet been developed, and this actual problem is waiting for its researchers.
 The population forms a so-called anthropogenic load on the territory, and its economic activity is man-made load. Anthropogenic-technogenic load is considered as a factor of recreational and tourist activities, in turn, indicators of anthropogenic-technogenic load are the original characteristics of "anti-resource" of recreation potential. The article has proven that in the context of the study of the prerequisites for the development of recreation and tourist activities of the region also need to analyze both the quality of life of the population, in addition to the assessment of this indicator have a high contrast and diversity in the country.
 Key words: population, recreational and tourist potential, attractiveness of recreational territories, anthropogenic-technogenic load, quality of life of the population.

How do Indians Split their Time for Different Activities? A Gender wise Analysis of Rural-Urban Differences using Time Use Surveys

Time use surveys have been used widely to know how economic agents spend their time effectively to participate in different economic and non-economic activities. This paper sets out to discuss the urban/rural difference in respect of the time spent for different activities by both men and women in India. The paper reveals that men spend more time for employment and related activities while women spend more time for unpaid domestic service for household members. The paper finds hardly any serious region wise gender difference in respect of the average time spent for different activities in both rural and urban areas in India. This work takes note of the fact that works being done by the female at their homes go unidentified and demonetized, putting them in a disastrously disadvantages condition, which by any count would impoverish and stand in the way of their further empowerment. Gender inequality has also been observed in the time spent for employment and related activities. The paper looks into an important gender disparity in respect of the percentage of persons engaged in the production of goods for own final use.

Non-Economic Activities with Economic Features: the Speciality of ‘Hybrid’ Social Security systems. Case Comm ent to the Judgment of the EU Court of Justice of 11 June 2020 European Commission and Slovak Republic v Dôvera zdravotná poist’ovňa (Joined cases C-262/18P and C-271/18P)

Non-Economic Activities with Economic Features: the Speciality of ‘Hybrid’ Social Security systems. Case Comm ent to the Judgment of the EU Court of Justice of 11 June 2020 European Commission and Slovak Republic v Dôvera zdravotná poist’ovňa (Joined cases C-262/18P and C-271/18P)

Energy Consumption Pattern of a Decentralized Community in Oyo State, Nigeria

Energy is required in the manufacturing process of various products and in the movement of goods and services within and outside a country. Energy consumption patterns, which consist of energy sources, quantities and the demographics of the consumers, help in drawing a clearer picture of the economic situation of the location. This work involves a survey of the energy consumption pattern carried out in a decentralized community. As established from the research, there is a direct correlation between economic development and energy consumption. It is therefore imperative to study the energy usage in rural areas to help decision makers tackle their energy problems. A survey questionnaire was designed for this study and energy conversion method was employed for the conversion of the raw data collected into energy units to determine the quantities of energy consumed in various sectors at the Alagbaa community in Akanran, Ona Ara Local Government Area, Oyo State, Nigeria. The survey covered a heterogeneous population of different income groups and social groups. Studies were carried out on the total and average quantities of energy consumed in the domestic (cooking and home electrification), transportation and agricultural sectors. Home electrification accounted for 37% of the total energy used while transportation, cooking and agriculture accounted for 35%, 13% and 15% respectively. From the study, it was found that economic inequality is also displayed in the choice of energy sources with higher deviation found in the total amount energy consumption. It was also realized that the least conventional source of energy, firewood, showed higher deviation. It also revealed that 50% of the energy used was channelled to non-economic activities.

Energy Consumption Pattern of a Decentralized Community in Oyo State, Nigeria

Energy is required in the manufacturing process of various products and in the movement of goods and services within and outside a country. Energy consumption patterns, which consist of energy sources, quantities and the demographics of the consumers, help in drawing a clearer picture of the economic situation of the location. This work involves a survey of the energy consumption pattern carried out in a decentralized community. As established from the research, there is a direct correlation between economic development and energy consumption. It is therefore imperative to study the energy usage in rural areas to help decision makers tackle their energy problems. A survey questionnaire was designed for this study and energy conversion method was employed for the conversion of the raw data collected into energy units to determine the quantities of energy consumed in various sectors at the Alagbaa community in Akanran, Ona Ara Local Government Area, Oyo State, Nigeria. The survey covered a heterogeneous population of different income groups and social groups. Studies were carried out on the total and average quantities of energy consumed in the domestic (cooking and home electrification), transportation and agricultural sectors. Home electrification accounted for 37% of the total energy used while transportation, cooking and agriculture accounted for 35%, 13% and 15% respectively. From the study, it was found that economic inequality is also displayed in the choice of energy sources with higher deviation found in the total amount energy consumption. It was also realized that the least conventional source of energy, firewood, showed higher deviation. It also revealed that 50% of the energy used was channelled to non-economic activities.

Applicability of European Union Competition Law to Health Care Providers: The Dividing Line between Economic and Noneconomic Activities

Ever-increasing health spending, which, according to future projections, continues to outpace economic growth, will further endanger the financial sustainability of health systems. In a quest to improve the efficacy and efficiency of the health system and thus strengthen its financial sustainability, member states are employing market-based mechanisms to finance, manage, and provide health care. However, the introduction of elements of competition is constrained by the application of EU competition law, which raises significant concerns regarding the applicability of competition law and its limits in the field of health care. Due to the lack of a clear definition in EU legislation, the applicability and scope of competition law are determined on a case-by-case basis, which reveals an inconsistent approach by the European Commission and the CJEU regarding the application of competition law to health care providers and has created legal uncertainty. The aim of this article is to analyze relevant decisions by the commission and the CJEU case law in the pursuit of "boundaries" that may trigger the applicability of competition law with regard to health care providers. Based on the findings of the analysis, the article proposes a set of principles or guidelines for determining whether a health care provider should be considered as an undertaking and, as such, subject to EU competition law.

BEPS Developments in Direct Taxes in Light of the EU VAT Treatment of Shareholding and Financing Activities

In the Base Erosion and Profit Shifting (BEPS) era, direct taxes such as corporate income tax and withholding tax increasingly require taxpayers to align shareholding and financing activities with economic reality. As a result, it is expected that such activities will more often be performed by entities that also have ‘regular’ operating activities. For VAT, shareholding activities may be considered noneconomic activities and financing activities are typically exempt from VAT, with both activities therefore potentially leading to a limitation of the input VAT recovery right. As entities with regular operating activities are expected to incur more costs (which may be subject to VAT), any VAT recovery limitation resulting from non-economic or VAT exempt activities may have more impact for such entities. The shift towards economic reality in direct taxes can therefore lead to an increase in irrecoverable VAT. This article discusses the treatment of shareholding and financing activities under the EU VAT Directive in light of current developments in direct taxes such as the OECD BEPS project and the ‘Danish cases’ issued by the Court of Justice of the European Union (CJEU). The authors use an example of a multinational group to illustrate that developments in direct taxes may indirectly lead to adverse VAT consequences. The article provides taxpayers, their advisors, and policy makers with recommendations from a VAT perspective in light of the changes in direct taxes. The authors also recommend that the interaction between direct taxes and VAT receives more attention in the legislative process, especially in the context of further European harmonization. VAT, BEPS, anti-abuse, VAT recovery, economic reality, PPT, Multilateral Instrument, Danish cases, economic activity, Brexit

Ethnicity or Religion? A Theory of Identity Choice with Evidence from the Russian North Caucasus

AbstractPrevious research has either equated religion- and language-based group identities or asserted that their social effects are the same. This article proposes a novel differentiation between religious and ethnic self-identification that accounts for in-group income inequality and the social role of the group. The study argues that ethnicity-based identities tend to be associated with economic activities, thereby increasing the demand for income equality within such groups. Religious identities, on the contrary, are centered around noneconomic activities and have the ideological framework for reconciling material inequalities. The observable implication of this distinction is that the high-, low-, and middle-income categories of the multicultural society will display differential association with ethnic and religious identities. Ethnic groups will have lower in-group income inequality as a result of the exclusion of the poor and the departure of the rich. Religious groups, on the contrary, will have higher in-group income inequality due to the capacity of religion to accommodate both poor and rich. Relevant empirical tests from the ethnically and religiously diverse Russian North Caucasus region indicate support for the proposed theory.

Sustainability Reporting Pattern in Pharmaceutical Sector : A Study of Top 10 Economies across the Globe

Sustainability reporting is now a mainstream activity of global corporations and is an important issue of the decade. Transparency and accountability for stakeholders are the most demanding issues in pharmaceutical sectors. Companies or Industries can’t survive without sustainable growth. Since most of the stakeholders are aware of recent problems such as community health, climate change, education and development, business sustainability, etc., the demand for disclosures in these areas have also been remarkably increased. Global companies have started business sustainability for economic and non-economic activities of the venture, along with the accountability of external and internal stakeholders towards the goal of sustainable development. This paper examines the sustainability reporting practices of the top 10 economy's pharmaceutical companies across the globe. For this purpose, sustainability reports based on GRI and Non- GRI guidelines for 5 years (2012 to 2016) of the top 10 economy's pharmaceutical companies were collected from the GRI-Database. The number of pharmaceutical companies along with a country name that published sustainability reports has been classified into four categories such as companies with GRI reports are published for 5 years, less than 5 years, Non-GRI reports and mixed reports (GRI &Non-GRI) and a total number of reports published in the given time periods. The results revealed that the sustainability disclosures in Pharmaceutical sectors are dominated by both the 1st and 2nd largest economies across the globe USA, China, and Brazil, and the worst sustainability disclosures are Canada, Italy, Germany, and India. It means pharmaceutical companies in the USA, China, and Brazil are more conscious about sustainability reporting as compare to the rest of the countries of the top 10 economies in the world.

COVID-19, Agriculture, and Food Security in Indonesia

COVID-19 pandemic has significantly impacted every part of human life, both economic and non-economic, including agriculture. As a country where many people still rely on agriculture, Indonesia faces a complicated situation if the pandemic continues because food production will be affected. Indonesia announced its first COVID-19 case in March 2020; in response to this, the government applied limitations on economic and non-economic activities. These actions slowed the commercial and industrial sectors, and many people lost their jobs, with middle- and low-income citizens being the hardest hit. The situation presents a high risk for food security due to the decrease in purchasing power and food supply chains not being able to run normally. This study aims to arrange food security strategies post-COVID-19 pandemic. This paper presents, to overcome the food-security issue after COVID-19 in Indonesia, emergency strategies such as controlling food price and providing subsidies for farmer are needed. And long term strategies such as making the food supply chain more effective and increasing food diversification also required. All people and parties need to participate in every relief program for any program to fight the COVID-19 pandemic to succeed.

Doprinos poljoprivrede privrednom razvoju Srbije

The overall economic development of a national economy depends on the development of individual economic and noneconomic activities. Agriculture as an economic activity occupies a significant place in the overall development process of a country. The dependence of agriculture on natural conditions such as climate, geographical location, quality and other characteristics of the land, has the consequence that the contribution of agriculture to the overall economic development will not be the same depending on the above factors. The place and importance of agriculture in the overall economic development varies depending on the observation period because there are differences related to key development factors, as well as the place and importance of agriculture in the overall economic development. The participation of agriculture in the overall economic structure is especially important, although this certainly does not mean that countries with a higher share of agriculture in the economic structure reach higher levels of development. Countries with a large share of agriculture in the economic structure are usually underdeveloped or less developed, while in developed countries the share of agriculture in the economic structure is at a very low level. In a large number of countries, agriculture is still the main economic activity with which the largest number of inhabitants is engaged in proportion. The subject of this paper refers to the contribution to the development of agriculture from the aspect of its role and importance in the overall economic development.