Economic Development Strategy Research Articles

Examining the Impact of Pakistan-China Energy Collaborations on Poverty Reduction in Pakistan

The China–Pakistan Economic Corridor (CPEC) is a pivotal bilateral initiative aimed at alleviating poverty in Pakistan by enhancing its energy infrastructure. This project focuses on developing crucial energy resources through the construction of power plants and the expansion of transmission networks, ensuring stable, affordable, and sustainable energy supply nationwide. This paper investigates CPEC's role in diversifying Pakistan's energy mix, integrating both conventional and renewable sources such as hydroelectric, coal, solar, wind, and nuclear power. This diversification aims to decrease Pakistan’s dependence on costly energy imports from the Gulf States, thereby improving energy security and promoting economic independence, essential for regional poverty alleviation. Utilizing qualitative research methodologies, this study examines the extensive social and economic impacts of these energy developments. By synthesizing various secondary data sources and applying thematic analysis, the research evaluates how enhanced energy security through CPEC can drive socio-economic progress and reduce poverty in Pakistan. The study offers valuable insights into energy geopolitics and economic development strategies, underscoring the significance of international energy partnerships like CPEC in transforming energy infrastructures and fostering economic growth in developing nations. Through detailed analysis, the paper highlights CPEC as a critical economic lifeline, essential for boosting Pakistan's energy self-sufficiency and accelerating economic growth. Consequently, CPEC emerges as a vital element in the broader strategy for poverty mitigation in Pakistan, emphasizing its importance in sustainable development and international economic cooperation.

Exploring Economic Development Strategies for Canadian Indigenous Communities Post-Pandemic

The COVID-19 pandemic has strongly impacted the Indigenous Canadian economy. Indigenous enterprises exist in every industry, from small proprietorships to major organizations employing thousands of people. The research concerning the effects of such peculiarities on Indigenous corporations is sparse. This research aimed to examine how the pandemic affected development companies by comparing pre-epidemic forecasts to the trajectory of Indigenous-owned firms after two years of the pandemic and analyzing its singularities. The study was conducted by the Canadian Council for Aboriginal Business (CCAB) and supported by mixed methods techniques such as surveys, interviews, and non-participatory observations obtained from ten distinct Canadian Indigenous Economic Development Corporations, revealing a reality in which Indigenous businesses confront significant challenges in terms of access to public finance, human resources, community well-being, company diversification, and innovation. The result compared pre-pandemic forecasts and analyses that found Indigenous enterprises failing to recover and move ahead on company diversification and innovations, public finance, human resources, and sustainable development.

The politics of Africa’s urban–industrialisation: authoritarian centralisation and policy integration

A growing body of literature addresses the implications of the ongoing rapid state-led, export-oriented industrialisation in African cities for a range of development concerns – e.g. labour relations, value chain development, gender relations and China’s involvement in infrastructural development. This study focuses on another important implication of Africa’s rapid industrialisation that has not been sufficiently explored – urban–industrial integration. Recent scholarship that looks at the interaction of urban and industrial development in Africa identifies challenges emerging at the nexus caused by lack of policy integration (PI). However, this literature does not address why this disconnect between the policy spheres arises or why it continues to persist. Based on thematic analysis of over a hundred qualitative interviews with key policy actors in the urban–industrial sphere, I argue policy fragmentation in the African urban–industrial nexus is driven by processes of ‘authoritarian centralisation’ that foster adverse political conditions for PI – more specifically conceptual integration, policy coordination and infrastructural integration. The study illustrates the relationship between authoritarian centralisation and PI and discusses the ways in which authoritarianism has shaped urban policy, planning and development and its integration into industrial and economic development strategies. The paper contributes to the nascent literature on the politics of urban–industrialisation in a broader range of developmental authoritarian African states. This article was published open access under a CC BY licence: https://creativecommons.org/licences/by/4.0 .

Theoretical Justification for the Implementation of Special Economic Zones: The Case of Luanda-Bengo Economic Zone in Angola

Purpose: In the present study, a literature review was carried out on theories of regional development, namely: the classic ones, those with an emphasis on agglomeration factors, and new theories of regional development. It intended to provide a theoretical foundation for implementing special economic zones, contextualizing the analysis to the Luanda-Bengo Special Economic Zone. Materials and Methods: Thus, the document analysis technique was used to review relevant literature on regional development and its main supporting theories. Findings: It was possible to achieve three main results: that the existence of hubs that bring together population and capital play a central role in the location of commercial and industrial activities; that companies come together in a logic of cooperation, innovation competitiveness, and ZEELB, as a hub of industrial activity, is no exception. Finally, the factors that determine the location and spatial agglomeration of economic activities, as well as the relationships of interdependence established between the various driving and driven units, possible in a ZEE, are also present in the foundations of adopting ZEELB operations. Implications to Theory, Practice and Policy: Theories about the location and agglomeration of economic activities in geographically, customs, and legally demarcated spaces, such as ZEELB, should be used in studies for future implementations of similar projects. Exchange between academia and structuring investment planning bodies such as ZEELB, so that based on its adoption as part of the global economic development strategy, is necessary. Public policymakers should see ZEELB as an opportunity to serve as a laboratory for policies at the following levels: tax, customs, regulatory, commercial, and management

Analisis Struktur Kinerja dan Kluster Industri Unggul

This research aims to analyze the performance structure and identify superior industrial clusters in Indonesia. Using secondary data from various sources, this research adopts a quantitative and qualitative approach to evaluate industrial performance based on key economic indicators such as production growth, productivity and contribution to GDP. Cluster analysis techniques are used to group industries that show superior performance. The analysis results show that several industrial clusters, such as high-tech manufacturing and financial services, perform much better than other sectors. These findings provide important insights for policy makers and industry players in formulating more effective and sustainable economic development strategies.

Green state entrepreneurialism: Building the park city in Chengdu, China

This paper uses the perspective of state entrepreneurialism to explore China’s environmental governance. The perspective illustrates how the Chinese state maintains its centrality, combining environmentalism and developmentalism while deploying flexible market development tools. This paper examines the Chengdu park-city model, an exemplar President Xi Jinping endorsed and widely emulated in China. The model combines the development of industrial and ecological spaces. It aims to deliver the central government’s vision for ecological civilisation and the local government’s economic development strategy. The development tools include land consolidation, financial mobilisation and an economic strategy that attempts to introduce ‘urban scenes’ into ecological spaces. This ecologically oriented development approach is more state-centred, contrasting with the neoliberal green growth machine.

EXPERIENCE AND PROSPECTS OF CHINA-UKRAINE ECONOMIC AND TRADE COOPERATION IN THE JOINT CONSTRUCTION OF THE BELT AND ROAD INITIATIVE FROM 2013 TO 2023

In 2013, China proposed the Belt and Road Initiative with the aim of closely integrating its rapidly developing economy with the economies of countries along the Belt and Road route, creating new opportunities for economic development through complementarity. Ukraine, located in the connecting zone between Europe and Asia, is an important country along the Belt and Road route leading to Europe. 2023 marks the tenth anniversary of China-Ukraine cooperation in the Belt and Road Initiative. Over the past decade, cooperation between China and Ukraine in various fields such as trade and investment has deepened, accumulating rich experience. This article systematically reviews the historical process of China-Ukraine cooperation in the Belt and Road Initiative over the past ten years, analyzes the development trends of bilateral trade, and examines the experience accumulated in areas such as infrastructure, agriculture, investment, mineral development, and high-tech cooperation within the Belt and Road framework. The challenges faced by the two countries in jointly building the Belt and Road Initiative are also analyzed, mainly focusing on the impacts of Ukraine's domestic political instability and policy changes during regime transitions. Economic development in Ukraine has been affected by geopolitical conflicts, resulting in market instability and affecting investment and project progress. These factors pose challenges to the Belt and Road Initiative, particularly the severe impact of the outbreak of war. Additionally, this article introduces the current efforts of China and Ukraine to strengthen communication and cooperation in order to achieve a peaceful resolution as soon as possible. In the future, once the ongoing war comes to an end, both countries can leverage their ten years of experience in economic and trade cooperation. With a stable political situation and increasing market attractiveness in Ukraine, both sides can fully unleash the role of market entities, expand bilateral cooperation, promote the alignment of their economic development strategies, and actively engage in post-war reconstruction cooperation.

The Financial Strategy for the Development Of Industry 4.0 in the Countries with Developing Economy

Industry 4.0 incorporates cutting-edge digital technology into the supply chain and manufacturing operations to build a more intelligent, networked system. 4.0, which uses digital technology to automate and simplify processes, is the financial strategy for creating and digitizing the supply chain. Issues confronting the supply chain sector may have an answer thanks to financial and economic development strategy technology. It is a safe, decentralized digital ledger that can transparently and impenetrably record data and transactions. With the use of this technology, a common supply chain information database that is available to everyone engaged in the financial plan for the nation's development can be established. A few advantages of implementing financial and economic development strategy technology in the supply chain sector for financial and economic development strategy are increased traceability and transparency, decreased fraud and counterfeiting risk, faster and more secure payment processing, and enhanced cooperation amongst supply chain participants. Studies on applying financial and economic development strategy technology in supply chains are still scarce. Work presents a thorough step-by-step model based on institutional and resource-based innovation diffusion theory to fill this research vacuum. The model is validated with data from Pakistan and the United Arab Emirates, revealing significant differences between the variables driving both countries' innovation and adoption stages of financial and economic development strategies. The study provides insightful information on how financial and economic development strategies are employed in developing countries' financial strategies.

Introduction: way’ p sn qsyilxw | hello my relations!

Welcome to another issue of Lessons from Experience. This year’s articles take us on a cross country tour where we explore the endless possibilities of economic development within and for Indigenous communities and people. To begin, on a national scale, Transforming Indigenous Procurement: Empowerment, Challenges, and the Road Ahead, provides us with an in-depth view of the world of procurement in Canada and the realities for Indigenous communities, corporations, and individuals to participate in this unique opportunity. Next, we are to celebrate the wonderful successes of Norway House Cree Nation, for their amazing work and dedication to build capacity and success within their community. Within their five-year economic development strategy, the reader learns about the construction of a new health centre, partnerships with mineral exploration companies, and construction of a fibre link from the community to the provincial network, to name a few successes.

Viability of local communities: Theoretical analysis and review of scientific research

The study of the viability of local communities is critical both for Ukraine and for any country that strives for sustainable economic development, stability, and improving the quality of life of its citizens. It helps to prepare communities for challenges, promotes effective resource management, investment attraction, and social cohesion, which is the foundation for sustainable and harmonious community functioning and progress. The purpose of the study was to clarify the concept of the viability of a local community and identify key economic aspects to substantiate the areas of further research on the mechanism for ensuring it. In the course of the study, theoretical methods of analysis were used, in particular literature review and conceptual generalisation, to identify the resources of the viability of local communities. The definition of a viable local community as a complex socio-economic system capable of remaining functional in the long term, providing for the psychological and social needs of its members and promoting their development in conditions of limited resources, adapting to changes in the economic environment is formulated. A conceptual model is constructed that provides a general idea of the key components that affect the ability of a local community to survive and develop. The proposed model highlights the importance of integrated viability analysis, considering the relationship between different resources and conditions that contribute to the sustainable development of local communities. The results show that the combination of economic, information, financial, material, organisational, and human resources is critical to ensuring the viability of communities. The practical value of the study is to substantiate the need for an integrated approach to the management of local communities, which is aimed at the effective use of all available resources to achieve maximum effect. This will ensure coordination of efforts at all levels and will contribute to the creation of a holistic economic development strategy that involves long-term planning and consideration of the specific needs and challenges of each community, thereby achieving harmonious and balanced progress

The Role of Green Sukuk (Islamic Bonds/ Shariah-Compliant Bonds) in Enhancing Indonesia Economic Development Strategy in The New Normal Era

This study aims to determine the significance of Green Sukuk in enhancing Indonesia’s economic development strategy in the new normal era. - The method employed was quantitative with forecasting. Furthermore, the researchers employed the least squares quantitative and historical analogy qualitative techniques. The study’s findings indicate Green Sukuk’s role in boosting Indonesia’s economic development plan in the new normal era. The implications of the study are likely to add to the body of knowledge linked to the function of Green Sukuk in enhancing Indonesia’s economic growth strategy in the new normal era. Increasing the number of issuances and contributions of State Sukuk (Islamic bonds/ shariah-compliant bonds) to APBN funding, with an annual average of roughly 30% of total Government Securities (SBN) financing. To the best of the researchers’ knowledge, this is one of the first attempts to empirically study the function of Sukuk in boosting Indonesia’s economic development strategy in the new normal era. Keywords: Green Sukuk, Development Strategy, Indonesian Economy, and the New Normal Era

Digital Economy Development, Common Prosperity, and Carbon Emissions: An Empirical Study in China

Under the new development model, the digital economy has become a new engine to promote the green development of the economy and realize the goal of “double carbon”. Based on the panel data of 30 provinces in China from 2010 to 2020, this paper empirically investigates the impact of the development of the digital economy on energy and carbon emissions using a series of econometric models such as baseline regression, a mechanism test, and the spatial Durbin model, etc. Common prosperity plays an intermediary role between digital economy development and carbon emissions; digital economic development optimizes resource allocation, effectively solves the problem of uneven resource distribution, and reduces energy and carbon emissions while achieving common prosperity. In addition, green innovation, industrial structure, urbanization level, R&D intensity, and the degree of marketization also have different degrees of influence on energy and carbon emissions. Therefore, the government should accelerate the construction of new digital infrastructure and implement the digital economy development strategy according to local conditions, so as to promote the digital economy to produce a more significant carbon emission reduction effect.

Analisis Strategi Pengembangan Ekonomi Pondok Pesantren Dalailul Khoirot Desa Muntialo Kabupaten Tanjung Jabung Barat

The role of Islamic boarding schools has created interesting dynamics related to economic, educational, political and social relations. The better the economic status, the quality of education, and the wider the influence of power, the better the culture and traditions that are born and developed through Islamic boarding schools. The aim of this thesis is to determine the management of the economic development strategy of the Dalailul Khoirot Islamic boarding school, Muntialo Village, West Tanjung Jabung Regency. This thesis uses the economic development strategy theory of the Dalailul Khoirot Islamic boarding school, Muntialo Village, West Tanjung Jabung Regency. This thesis uses a qualitative approach, data collection methods through observation, interviews and documentation and analysis methods carried out by data reduction, data presentation and conclusions. The research results show that economic development strategy for the Dalailul Khoirot Islamic boarding school, Muntialo Village, West Tanjung Jabung Regency, is carried out by developing the entrepreneurial spirit of students, practical methods, implementing a partnership pattern, sustainable business units, creating independence and inviting community participation. Constraints in the economic development strategy of the Dalailul Kh Islamic boarding school. Obstacles in the economic development strategy of the Dalailul Khoirot Islamic boarding school, Muntialo Village, West Tanjung Jabung Regency, include low public buying interest and limited facilities and infrastructure. Efforts to develop the economy of the Dalailul Khoirot Islamic boarding school, Muntialo Village, West Tanjung Jabung Regency, include conducting outreach and cooperation and improving facilities and infrastructure.

Local economic development strategies in a medium-sized city on the European periphery: a path to become an economic center of Eastern Central Europe importance

Large cities are becoming increasingly valuable in the spatial structure of globalized economies. Although these centers vary significantly regarding population, economic structure, and income conditions, they—compared to their surroundings—generally show a higher productivity level, a higher rate of employment, higher education, and higher innovation performance. However, this metropolization and concentration of the economy in large cities made the development of cities regarded as medium-sized on an international scale an issue of competitiveness in Europe, characterized by dense town networks, a small number of metropolises, and a significant weight of medium- and small-sized towns. However, one of the main preconditions for achieving success in this competition is to form a comprehensive and complex concept with a significant emphasis on economic development. Therefore, the aim of our study is to analyze the local economic development strategies for the last three decades, as elaborated in Debrecen. In the framework of our empirical analysis, we examined how different mainstream concepts appear in local development strategies and which development objectives are determined by the local strategies. Furthermore, we also aimed to identify possible changes in ideas about city roles by referring to the organization of economic space.

Structural Change in the 21st Century: The Role of the Modern Services Sector in the Economic Development Strategy

ABSTRACT Traditional literature on Economic Growth highlights the role of the manufacturing sector in fostering economic growth. This sector, characterized by increasing returns, plays a fundamental role in both static and dynamic scale gains within the economy. Recently, an increasing number of studies have suggested that the increased share of the modern services sector also significantly contributes to innovation, productivity, and increased output. The aim of this paper is to reevaluate growth theories in light of the emerging prominence of the services sector and to outline key components of a research agenda that encompasses this sector as a crucial area of investigation. To substantiate this argument, we apply a GMM (Generalized Method of Moments) model to a dataset spanning from 1990 to 2018, encompassing fifty-one (51) countries, in order to evaluate the impact of modern services on manufacturing performance. An interaction variable is employed to test whether a symbiotic relationship between industry and services is the driving force behind economic growth. The results demonstrate the relevance of the services sector. Finally, we suggest possible research lines to be developed.

Study on the Impact of Digital Economy Enabling High-Quality Economic Development in Yunnan Province

This article aims to explore the role of digital economy and its mechanism in promoting the high-quality development of Yunnan Province's economy. By constructing an evaluation index system and applying econometric methods, the current situation of the digital economy in Yunnan Province and its impact on the high-quality development of the economy are comprehensively analyzed. It is found that the digital economy has a significant positive contribution to the high-quality development of Yunnan Province's economy, and indirectly affects the high-quality development of the economy by enhancing the level of entrepreneurship. In addition, there is a non-linear relationship between the digital economy and high-quality economic development, and the promotion effect of the digital economy on high-quality economic development varies significantly across different levels of economic development. Based on these findings, the article puts forward policy recommendations such as comprehensively promoting the development of the digital economy and implementing a differentiated digital economy development strategy in order to promote the sustainable development of Yunnan Province and the wider region in the era of the digital economy.

Digital economy and urban innovation level: A quasi-natural experiment from the strategy of “Digital China”

The digital economy is an essential engine of the innovation-driven development strategy and plays a valuable role in promoting the high-quality development of the regional economy. Based on the panel data of 286 cities in mainland China with the help of the digital economy strategic plans issued by local governments as a quasi-natural experiment, we use the multi-temporal double-difference (DID) method to examine the impact of the digital economy on the urban innovation level. Findings show that the digital economy can significantly improve the urban innovation level. After a series of robustness tests, such as parallel trend test, updating sample and period, and repeated placebo test, the innovation-driving effect generated by the development of the digital economy remains significant. Results of the mechanism analysis indicate that the digital economy enhances the level of innovation through upgrading industrial structures. In addition, we find through the heterogeneity test that the digital economy has a stronger effect on improving the quality of innovation. Meanwhile, the innovation output in the Middle Eastern region is more significantly affected by the “Digital China” strategy than the Western region. Therefore, we should accelerate the implementation of the local digital economy development strategy to realize the high-quality development of the regional economy.

Practical Strategies for The Economic Development of Mexico: Nearshoring Trend

This research aimed to suggest practical strategies for Mexico's economic development through the trend of nearshoring. It involved identifying, analyzing, and organizing the causes of the conflict between China and the USA over international trade and exploring the opportunities that nearshoring to Mexico can offer. Qualitative research methods were applied, and documentary research techniques were used based on two study objects: a) the Sino-American dispute over international trade and b) nearshoring to Mexico. Nearshoring to Mexico is driven by various factors, including tariff benefits from Free Trade Agreements, low labor costs in manufacturing companies, and a stable exchange rate. Therefore, Mexico needs to encourage the development of industrial parks, implement an effective Public Security Policy, offer tax incentives to attract Foreign Direct Investment and improve port, road, and air infrastructure to take full advantage of this trend.

‘One central purpose’? Tracking the Evolution of Strategic Approaches to Economic Development in Scotland

The Scottish Government’s latest economic strategy aims for a ‘transformation’ of the Scottish economy, with higher levels of aggregate economic performance combined with greater equality, reduced poverty and environmental sustainability. In doing so it echoes similar ambitions expressed in Scottish economic development strategies since devolution in 1999. This article provides a contextual analysis of the strategic approaches to economic development pursued by successive administrations and the institutional arrangements to deliver them. In particular, it provides an account of how ‘economic development’ and its aims have been understood, the shifting balance between a prioritization of growth and distributional concerns, and the attention given to questions of geographically uneven development within Scotland. While there is a degree of continuity across these strategies, the trend has been towards a broadening set of aims around the economy, influenced by growing international interest in looking beyond GDP, concern about regional inequality and a need to reduce carbon emissions. Overall, however, these shifts have not yet marked a radical departure from the traditional underlying goal of seeking increased economic growth at the national level.

Relatedness and product complexity meet gravity models of international trade

Researchers have long used gravity models to analyze international trade patterns, identify export opportunities, and negotiate trade agreements. Recent research has emphasized the significance of relatedness and product complexity research in developing robust economic development strategies. This paper presents a novel approach, incorporating relatedness and product complexity as integral elements for interpreting export potential within gravity models powered by machine learning. Our approach stands out for its proficiency in accurately predicting bilateral trade values at a detailed product group level, providing valuable insights for policymakers and other stakeholders. The research leverages random forest machine learning models for predictions and incorporates relatedness and complexity to reveal new dimensions in international trade analysis.