Journal of Recycling Economy & Sustainability Policy

A Sustainable and Inclusive Economic Development: A Global Imperative

Akhilesh Prabhakar — Sat, 28 Dec 2024 00:00:00 +0300

Achieving sustainable and inclusive economic development stands as an urgent global imperative amidst profound challenges impacting global prosperity. This paper explores the complex interplay of factors such as the COVID-19 pandemic aftermath, geopolitical conflicts, climate change-induced natural disasters, and demographic shifts, all of which pose formidable obstacles to realising the Sustainable Development Goals (SDGs) by 2030. The methodology involves a comprehensive review and synthesis of recent literature, including reports from the Sustainable Development Report 2023, academic research, and policy documents. Analysis of these sources elucidates the current state of SDG progress and identifies critical barriers and opportunities for advancing sustainable development globally. Findings: The Sustainable Development Report 2023 indicates a stark reality where only 15% of the SDGs are on track, underscoring significant setbacks exacerbated by recent global disruptions. Financial deficits in international SDG financing, particularly for developing economies, present a substantial impediment to achieving sustainable development targets. Results: Enhanced multilateral cooperation and innovative financing mechanisms are identified as essential strategies to address these challenges effectively. Prioritizing vulnerable populations, including those in fragile and conflict-affected regions, emerges as a crucial priority. Additionally, facilitating economic transformation through technology transfer, capacity-building initiatives, and promoting inclusive growth models are highlighted as pivotal approaches to accelerate progress towards the SDGs. Recommendations: Based on the findings, this paper recommends several actionable steps to foster sustainable and inclusive economic development: Strengthening Multilateral Cooperation: Foster deeper collaboration among nations, international organizations, and stakeholders to mobilize resources and expertise effectively. Innovative Financing Mechanisms: Explore and implement innovative financing models such as blended finance, leveraging private sector investments aligned with sustainable development goals. Prioritizing Vulnerable Populations: Direct targeted development assistance, including grants and social protection measures, to vulnerable groups most affected by economic disparities and climate change impacts. Promoting Technology Transfer and Capacity Building: Facilitate technology transfer initiatives and enhance local capacities in developing countries to foster sustainable industrialization and innovation. Supporting South-South Cooperation: Empower developing countries as donors through South-South Cooperation, enabling them to share knowledge, resources, and experiences in sustainable development practices.

The Influence of Financial Innovation and Market Capitalization on Economic Growth: A Comparative Review of Global and Emerging Markets

Salaah Saada — Sat, 28 Dec 2024 00:00:00 +0300

The financial market is essential in fostering economic growth, with volatility and shocks playing a crucial role in the development of the economy. The growth of stock markets in emerging economies has led to significant research on the causes of the growth of the share market. Positive shocks in financial inclusion and well-developed financial markets, particularly stock markets, encourage foreign portfolio investment and improve the structure of the financial system. Financial innovation promotes financial activity in the economy through new forms and structures of financial institutions, enhanced financial services via technology advances, and enhanced financial goods, leading to economic growth. Equity financing is particularly beneficial for economic growth in both the US and Europe, with the effect being more significant in Europe. This study aims to explore the theoretical and literature-based connection between Market Capitalization and macroeconomic growth drivers.

Leveraging AI for Sustainable Development: A Scoping Review on Social Work’s Contribution to the SDGs

Hatice Hale Yurttabir — Wed, 08 Jan 2025 00:00:00 +0300

The intersection of artificial intelligence (AI) and social work presents significant opportunities for advancing social good, particularly in alignment with the Sustainable Development Goals (SDGs). This scoping review aims to map the existing literature on the application of AI in social work and its contributions to the SDGs. Conducting a comprehensive search across multiple databases to identify studies that explore the use of AI in various social work practices, the findings highlight key areas where AI has been utilized, including child welfare, mental health, and community development, and discuss the benefits, challenges, and ethical considerations associated with these applications. This review underscores the need for further research and collaboration between social work professionals and AI experts to harness AI's potential for achieving the SDGs.

Sustainable Governance in the Digital Age: E-Government Innovations for Climate Action

Junaid Sattar BUTT, Dalia Kadry Ahmed Abdelaziz — Wed, 08 Jan 2025 00:00:00 +0300

As the specter of climate change looms larger, the imperative for effective governance in addressing environmental challenges becomes ever more pressing. This study delves into the intersection of sustainable governance and digital innovation, focusing on the pivotal role of E-Government in catalyzing climate action. In an era defined by rapid technological advancement, E-Government offers unprecedented opportunities for governments to streamline processes, enhance transparency, and engage citizens in collaborative efforts toward environmental sustainability. Through case studies, theoretical frameworks, and empirical analyses, this study aims to showcase innovative strategies and best practices in leveraging digital technologies for climate resilience. From data-driven decision-making and open governance initiatives to citizen science and participatory platforms, the study will explore how E-Government innovations are reshaping the landscape of climate governance. By fostering dialogue among policymakers, researchers, and practitioners, this study seeks to inspire actionable insights and forge pathways toward a sustainable future in the digital age.