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Topic Review
Theories of Transformation of Society
To investigate and create theories of socio-economic dynamics has always been relevant for professionals in theoretical and applied economics. These theories are urgent in periods of global and catastrophic events since, on the one hand, they can explain the emergence of critical structural changes in society, and on the other hand, they can determine the likelihood of surviving of crisis processes. However, there are some drawbacks involved therein, and the poor ability to predict unexpected and shocking events, such as the COVID-19 pandemic, is a key one. 
  • 1.5K
  • 25 Jul 2023
Topic Review
Renewable Energy and Economic Growth
The clean development mechanism entails a vast deployment of renewable energy technologies to enhance sustainable development. Energy security is quickly becoming a reality as various renewable energy supplies are exploited because of their potential for mitigating GHG emissions. As part of the UNFCCC (United Nations Framework Convention on Climate Change), the Kyoto Protocol incorporates the idea of a “clean development framework”. Developed nations would contribute to emission reduction measures, which would then fund renewable energy programs in the developing world. Increasing the usage of green technology and renewable energy sources can help address this problem. However, mass sustainable energy development faces a few obstacles, including unpredictability, input–output cost analysis, higher manufacturing costs, and a lack of knowledge and financial resources. Renewable energy sources are critical to a country’s overall growth. Developing countries must increase their reliance on renewable energy sources.
  • 1.5K
  • 13 Sep 2022
Topic Review
Benefit Corporations and B Corps
Benefit Corporations and B Corps represent alternative models of enterprise, often referred to as hybrid companies that bridge the for-profit and not-for-profit models. In particular, such firms need to manage their dual mission, integrate social and environmental goals in their business model, and incorporate accountability mechanisms, all while scaling up and garnering the necessary resources to be economically competitive.
  • 1.5K
  • 13 Oct 2021
Topic Review
Progressive Utilization Theory
Progressive Utilization Theory (PROUT) is a socioeconomic and political theory created by the Indian philosopher and spiritual leader Prabhat Ranjan Sarkar. Sarkar conceived of PROUT in 1959. Supporters of PROUT (Proutists) claim that the theory exposes and overcomes the limitations of both capitalism and communism. It aims to be economically progressive and improve social development. The theory is in line with Sarkar's Neohumanist values which aim to provide "proper care" to every being on the planet, including humans, animals and plants.
  • 1.5K
  • 20 Nov 2022
Topic Review
EU ETS system
To facilitate greenhouse gas reduction, the European Commission (EC) announced its plan to introduce an ETS by 2005. Between 2005 and 2007, Phase I was conducted for 25 EU members. Starting in 2008, Phase II was expanded to 31 member countries, including new members. Phase III is in operation between 2013 and 2020, and Phase IV is scheduled to run from 2021 to 2030.The changes and development in the EU ETS system increase the informational efficiency of the carbon market and contribute to actual emissions' reductions.
  • 1.5K
  • 28 Oct 2020
Topic Review
Green Finance & Green Monetary Policy: Different Approaches
Strictly speaking, green finance is part of the broader concept of sustainable finance, a term that explicitly includes social issues, while climate finance is a narrower element of green finance. However, in practice, the distinction between sustainable and green finance and sustainable and green monetary policy is often not made but the terms are used synonymously. Hence, we follow this tradition and use the term green finance and green monetary policy to refer to both. Green finance and green monetary monetary policy are related to each other and can be classified on a common ground. In general, neoliberal, reformist and progressive forms of green finance and green monetary policy can be distinguished. 
  • 1.5K
  • 25 Nov 2021
Topic Review
Banking Union
The Banking Union in the European Union is the transfer of responsibility for banking policy from the national to the EU level in several countries of the European Union, initiated in 2012 as a response to the Eurozone crisis. The motivation for banking union was the fragility of numerous banks in the Eurozone, and the identification of vicious circle between credit conditions for these banks and the sovereign credit of their respective home countries ("bank-sovereign vicious circle"). In several countries, private debts arising from a property bubble were transferred to sovereign debt as a result of banking system bailouts and government responses to slowing economies post-bubble. Conversely, weakness in sovereign credit resulted in deterioration of the balance sheet position of the banking sector, not least because of high domestic sovereign exposures of the banks. As of mid-2020, the Banking Union mainly consists of two main initiatives, the Single Supervisory Mechanism and Single Resolution Mechanism, which are based upon the EU's "single rulebook" or common financial regulatory framework. The SSM took up its authority on 4 November 2014, and the SRM entered into full force on 1 January 2015. Most accounts of banking union view it as incomplete in the absence of a European deposit insurance. The European Commission made a legislative proposal for a European Deposit Insurance Scheme in November 2015, but it has not been adopted by the EU co-legislators. Also as of mid-2020, the geographical scope of the Banking Union is identical to that of the euro area. In future, other non-euro member states of the EU may join the Banking Union under a procedure known as close cooperation. Bulgaria and Croatia have initiated requests for close cooperation, respectively in July 2018 and May 2019.
  • 1.5K
  • 28 Nov 2022
Topic Review
Rural–Urban Industry Linkages
Rural–urban linkages refer to the goods, people, and money transfers between rural and urban places, and have long been a focus for economic development researchers and practitioners alike. Urban places typically have higher incomes and more diverse market segments, making greater rural–urban market integration a potentially lucrative business and rural development strategy. Indeed, urban-adjacent rural communities often have comparative advantages in the production of food, energy, tourism, and other rural goods and services desired by urban consumers. Thus, identifying how these interdependent economic flows affect the economic prosperity of rural places may better inform rural development policies and strategies.
  • 1.5K
  • 14 Mar 2022
Topic Review
Role of Innovation in Sustainable Development
Innovation and innovative activity are powerful tools for increasing the competitiveness of enterprises, regions, and countries. The level of innovative activity is an excellent indicator of a country’s efforts towards sustainable development and its ability to be up to date. Innovations are fundamental tools for high-tech product manufacturing and technological improvement in industries. This theme is deeply developed by world organisations and agencies and presents increasing evidence in academic and scientific spheres.
  • 1.4K
  • 08 Aug 2023
Topic Review
Perceived Value’ Predictive Relationship
Ecotourism development is a distinct market phenomenon and a necessary form of sustainable tourism, which grows three times faster than tourism in general. Ecotourism’s rising popularity worldwide has encouraged tourist destinations to receive more and more tourists who like contact with nature and are willing to comply with the protection standards of the natural area chosen. 
  • 1.4K
  • 28 Jul 2021
Topic Review
Foundational Economy
Since its 2013 Manifesto for the foundational economy, the Foundational Economy Collective (FEC), a group of (mainly) European researchers, has challenged mainstream thinking about the character of our economy as well as economic policy making. Drawing upon the work of Fernand Braudel, the FEC argues for an understanding of the economy as composed of different zones, with the foundational economy vital for our everyday life. This includes inter alia provision of electricity and water, garbage disposal, food supply, education, health, care, social housing, and police. These activities constitute capitalism’s non-capitalist foundation, the “everyday communism” (Streeck) that sustains and enables it. This entry provides an overview of the genesis and development of foundational thinking.
  • 1.4K
  • 12 Oct 2021
Topic Review
Digital Banking Implementation Indicators in Industry 4.0
Extensive technological changes brought about by Industry 4.0 have changed the behaviors and attitudes of customers and created new needs for them. The digital transformation of banking encompasses a wide range of services, such as document digitization, electronic signatures for transactions, e-learning, teleconferencing, online trading platforms, digital stores, e-statements, and mobile payments. Adopting new business models through the digital transformation of banking operations is the most appropriate approach for banking institutions in today’s economic environment.
  • 1.4K
  • 31 May 2023
Topic Review
Food System and Circular Economy
       Circular economy can play an active role in solving the unsustainability of the food production system, contributing to the creation of shorter and more resilient supply chains. Some solutions include policy regulations driving consumption towards more sustainable choices and the reduction of food waste: “best before” labels might be scrapped, food sharing initiatives incentivized and organic waste regarded as a high-value raw-material. Bio-refineries can be the catalyst of a green transition, where food waste can generate biofuels, bio-chemicals, plastics, textiles, medicines and much more. Circular practices seem to hold the potential for a win–win solution, simultaneously enhancing sustainability throughout the entire value chain (from production to consumption and post-consumption) and improving its resilience through the introduction of localized supply chains, making the food system less dependent on international trade. The European Union is working towards this direction (as its policy and social media agenda exposes) and will hopefully accelerate the transition to meet its Green New Deal expectations.
  • 1.4K
  • 22 Oct 2020
Topic Review
Household Consumption Expenditure
Household consumption expenditure is an important measure of economic activity as it reflects the spending behavior of households and their purchasing power. The measurement of household consumption expenditure is critical for analyzing economic growth, inflation, and overall economic performance. In order to create budgets and financial plans, it is necessary to know and understand the relationship between the size of households in terms of the number of members, the number of children, and their consumption needs. 
  • 1.4K
  • 01 Mar 2024
Topic Review
Insights from Circular Economy Literature
The circular economy (CE) has become one of the prominent topics in both natural science and management literature over the last few decades. CE is a dual-loop regenerative system that focuses on the effective and efficient utilization of resources in the ecosystem, which is beneficial to environmental and economic performance optimization. Dual CE initiatives allow firms to increased resource eco-efficiency, as well as resource effectiveness. 
  • 1.4K
  • 20 Feb 2021
Topic Review
EU Timber Regulation
Illegal logging and the associated deforestation have serious consequences for biodiversity, the climate, the economy and society. The EU Timber Regulation (EUTR) prohibits the placing of illegally harvested timber or timber products on the market. The objective of this paper is to analyse the recent evolution of EU imports of these products from the international market, in order to check how the transparency index of the supplying countries’ institutions and tree cover loss have influenced this trajectory. To that end, a panel data model is estimated with 228 observations from 38 exporting countries between 2012 and 2017. The results show that EU timber imports have a direct association with the transparency index and an inverse relationship with tree cover loss; both these relationships are highly significant at the one-percent level. Other significant factors are the performance of the EU construction sector (as a proxy for timber demand) and timber supply. In the short and medium-term, Voluntary Partnership Agreements (VPAs) signed between the EU and non-EU timber-producing countries have a negative influence on the supply to EU member states. This study presents an analysis of EU timber imports after the implementation of the EUTR, providing specific conclusions that can inform policymakers’ efforts to foster sustainable forest management.
  • 1.4K
  • 26 Oct 2020
Topic Review
Building the Circular Supply Chain
The circular supply chain involves return processes and the manufacturer intends to capture additional value in the supply chain. In this paper, value chains have been mapped to visualize the links and interactions between the different stages and actors to understand the complexities of these systems and to make informed decisions. It can be concluded that to develop a new relationship capacity will allow for reaching more frequent, closer relationships with more actors. These relationships will be developed within an adapted organizational and logistical framework that is framed in new business model archetypes. However, dimensions related to the business environment such as sectoral, legislative, and fiscal frameworks must be incorporated.
  • 1.4K
  • 11 Apr 2021
Topic Review
Digital Economy
With the development of digital technologies such as the Internet and digital industries such as e-commerce, the digital economy has become a new form of economic and social development, which has brought forth a new perspective for environmental governance, energy conservation, and emission reduction. 
  • 1.4K
  • 18 Aug 2021
Topic Review
Demand Response Products
Demand response refers to planning, implementing and monitoring the use of electricity to generate changes in the consumers' demand profile to adapt to different needs. Thus, a Demand Response Product can be defined as the contractual framework which guarantees that the service provided by flexible consumers satifies the minimum requirements of the related service to the final user of such flexibility (network operator, energy trader, aggregator, etc.) Demand Response is a key element of future power systems due to its capacity to defer grid investments, improve demand participation in the market and absorb renewable energy source variations. In this regard, Demand Response can play an important role in delivering ancillary services to power systems.
  • 1.4K
  • 18 Mar 2021
Topic Review
Asset Management, Complex System Governance
Asset management (AsM) has emerged from engineering as a structured approach to organizing complex organizations to realize the value of assets while balancing performance, risks, costs, and opportunities. Complex system governance (CSG) is an emerging field encompassing a framework for system performance improvement through the purposeful design, execution, and evolution of essential metasystem functions.
  • 1.4K
  • 04 Aug 2021
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