This work aims to study strategies used in Argentine local development experiences, focussing on industrial design, marketing and entrepreneurship. In order to this purpose, backgrounds are analysed with this approach adding the study of three strategic plans for national and provincial-level that are currently in force. With the analysis of the transport system in the last decade, an accelerated cost increase is evident, resulting in a relatively higher price of distributed products. This situation that was initially perceived as a disadvantage (...) finally set up an opportunity to produce locally. The goal of this paper is to provide tools that contribute to the work shipped by key institutions for local development (public, private and intermediary organisations), and the way these interact with the actors and the territory. In particular, the identification of productive sectors and the selection of goods that can be produced and consumed locally, as a key input for the formulation of projects. (shrink)

Overpopulation, Continuous Economic Growth, and the Unfeasibility of Supply-Side Economics -/- The concepts of overpopulation, continuous economic growth, and supply-side economics have been at the forefront of societal and economic discussions for decades. While these ideas may seem appealing in the short term, their long-term sustainability is questionable and ultimately self-destructive. Overpopulation and continuous economic growth both strain natural resources, disrupt ecological balances, and create unsustainable pressures on society. Furthermore, the idea that supply-side (...) economics—the notion that reducing taxes and increasing production can stimulate the economy—succeeds in isolation fails to account for the systemic imbalance it perpetuates. In this essay, we will explore why overpopulation and continuous economic growth are not sustainable and how the supply-side model is essentially the slave of the total demand side. -/- Overpopulation: A Growing Strain on Resources -/- Overpopulation is one of the most pressing challenges the world faces today. As the global population continues to rise, it increases demand for food, water, energy, and land—resources that are finite. The Earth’s carrying capacity is not infinite, and the strain on natural ecosystems is accelerating at an alarming rate. Forests are cleared for agricultural expansion, oceans are overfished, and landfills overflow with waste. These actions not only degrade the environment but also threaten biodiversity, which is critical to the survival of ecosystems and, ultimately, humanity itself. -/- In a world of limited resources, an ever-growing population leads to resource depletion, escalating inequality, and environmental destruction. When the demand for resources surpasses the ability of the environment to regenerate, societies face increasing competition for these resources, which can lead to conflict, famine, and a breakdown of social order. Overpopulation, when paired with unsustainable consumption patterns, exacerbates the environmental footprint of humanity. Thus, overpopulation is not only unsustainable in terms of resource availability but also threatens the stability of global ecosystems, making the current trajectory unsustainable. -/- Continuous Economic Growth: A Flawed Paradigm -/- Continuous economic growth, often seen as a key indicator of societal success, is another concept that fails to consider long-term sustainability. Economic growth is typically measured through Gross Domestic Product (GDP), which focuses on output and production. However, GDP does not account for the depletion of natural resources, the degradation of ecosystems, or the social and environmental costs of growth. The relentless pursuit of economic expansion often leads to overexploitation of resources, pollution, and societal inequalities. -/- The idea that economic growth can continue indefinitely on a finite planet is fundamentally flawed. Economists often argue that technological advancements or innovations will offset the pressures of growth by creating more efficient systems. While this may be true to some extent, technology cannot fully replace the finite resources that are essential for production. Moreover, the increasing energy demands associated with growth contribute to environmental degradation, including climate change. A growing population with a growing economy leads to growing consumption, which in turn accelerates environmental degradation. Therefore, continuous economic growth is unsustainable because it disregards the ecological limits of the planet. -/- Supply-Side Economics: A Flawed Foundation -/- Supply-side economics posits that reducing taxes, particularly for corporations and the wealthy, will stimulate investment, boost production, and ultimately benefit the economy as a whole. This model, however, assumes that economic benefits will “trickle down” from the wealthy and businesses to the rest of society. In practice, supply-side economics has led to wealth concentration, growing income inequality, and little evidence that it creates widespread prosperity. -/- The underlying flaw of the supply-side model is its failure to recognize that the demand side of the economy is just as important as the supply side. In reality, economic growth is driven not only by the availability of goods and services but also by consumer demand. Without demand, there is no need for supply—businesses cannot sell products and services if people cannot afford them or are not incentivized to purchase them. Therefore, while supply-side policies may increase production in the short term, they do not address the root causes of inequality or the need for demand-driven growth. -/- Furthermore, supply-side economics often disregards the negative consequences of unfettered production, such as environmental degradation. By focusing solely on increasing supply and reducing government regulation, it exacerbates the ecological strain caused by continuous growth. As businesses prioritize profits, they are incentivized to exploit resources unsustainably, perpetuating the environmental crises associated with overpopulation and unchecked growth. -/- A Holistic Approach to Sustainability -/- To achieve sustainability, a shift away from the traditional paradigms of overpopulation, continuous economic growth, and supply-side economics is necessary. A more balanced approach, which emphasizes responsible consumption, equitable distribution of resources, and ecological preservation, is essential. The focus must shift from growth for the sake of growth to fostering a steady-state economy that works within the Earth’s ecological limits. -/- Education, innovation, and responsible governance will play key roles in transitioning toward a sustainable future. For example, adopting policies that focus on reducing inequality, investing in renewable energy, and promoting sustainable agricultural practices can help mitigate the adverse effects of overpopulation and growth. Similarly, instead of focusing solely on supply-side policies, governments should prioritize strategies that foster demand through wage growth, universal healthcare, and the reduction of poverty. Only by acknowledging the interconnectedness of economic, social, and environmental factors can we hope to create a sustainable future. -/- Conclusion -/- Overpopulation, continuous economic growth, and supply-side economics are unsustainable models in the long run. They fail to consider the limits of our natural resources and the social and environmental consequences of unchecked expansion. A shift toward sustainable practices, responsible consumption, and policies that address both the supply and demand sides of the economy is crucial. Without this shift, the world will continue to face growing challenges that threaten not only our environment but also the stability of society itself. The pursuit of sustainable solutions is not a luxury; it is an imperative for the survival and well-being of future generations. -/- . (shrink)

In this article, I address a controversial aspect of Rawls’s treatment of the question of justice between generations: how the parties in the original position could be motivated to select Rawls’s preferred principle of intergenerational savings, which he dubs the just savings principle. I focus on the explanation found in his later work, where he proposes that the correct savings principle is the principle that any generation would have wanted preceding generations to have followed. By expanding upon this explanation, I (...) respond to the objection that this explanation disregards the perspective of the first generation. I demonstrate that this objection ceases to be a concern when a proper account of the parties’ reasoning is developed. What is notable about the explanation I defend is that it relies on the parties adopting maximax – not maximin – as a rule for rational decision making. Having established this intermediary conclusion, I depart with Rawls and consider what savings principle the parties would choose if given more options. Ultimately, I argue that the parties would select a principle that Rawls would have undoubtedly rejected if presented to him at face value. This is because the principle of savings I argue would be selected requires continual economic growth over generations to increase upwards indefinitely – a conclusion Rawls is explicitly trying to avoid in his theory of justice. (shrink)

Economic diversification has been the glamour of successive administrations in Nigeria, especially amidst the dwindling oil-revenue in recent years, which has resulted from the fluctuations in world crude oil prices. This study aims at investigating the impact of diversifying the economy on the economic growth in Nigeria. Secondary data on GDP growth rate as a proxy for economic growth, non-oil GDP as a proxy for GDP diversification, non-oil export as a proxy for export diversification, (...) investment and exchange rate, between 1981 and 2016, were adopted in the study. An econometric approach of Ordinary Least Squares (OLS) was adopted to empirically analyze the collected data and the result revealed that non-oil gross domestic product impacted positively and significantly on economic growth while exchange rate had an inverse but significant nexus on economic growth in Nigeria, within the period covered in the study. However, non-oil export and investment impacted positively but insignificantly on economic growth in Nigeria. The study recommends the encouragement of increased productivity in the real sector as well as the adoption of stable and favourable exchange rate policies by the government in order to accelerate economic growth in Nigeria. (shrink)

For many years, the relationship between the financial system and economic growth has attracted the attention of scholars intending to uncover the direction of the relationship. The stock market is a part of the financial system and plays an essential role in channelling equity funds into the economy and creating liquidity for the equity instruments. A substantial empirical study postulates that the stock market can boost the economic growth of an economy. However, other studies assert that, (...) at best, the stock market is an unimportant economic driver. (shrink)

Startery Podlaskiej Gospodarki. Analiza Gospodarczych Obszarów Wzrostu I Innowacji Województwa Podlaskiego: Sektor Rehabilitacji Geriatrycznej (Podlasie Economy Starters. Analysis of Economic Growth and Innovation Areas of Podlaskie: Geriatric Rehabilitat Bogusław Plawgo, Magdalena Klimczuk, Mariusz Citkowski, Marta Juchnicka & Andrzej Klimczuk Wojewódzki Urz¸Ad Pracy W Białymstoku (2009) .

More Info: B. Plawgo, A. Grabska, M. Klimczuk-Kochańska, A. Klimczuk, J. Kierklo, J. Żynel-Etel, Startery podlaskiej gospodarki. Analiza gospodarczych obszarów wzrostu i innowacji województwa podlaskiego: sektor produkcji oprogramowania komputerowego (Podlasie economy starters. Analysis of economic growth and innovation areas of Podlaskie: software production sector), Wojewódzki Urząd Pracy w Białymstoku, Białystok 2011.

This Research Topic explores Sustainable Development Goal (SDG) eight, which is to “promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all.” It highlights the COVID-19 pandemic’s severe impact and triggered global economic recession, worsened gender pay gaps, increased undeclared employment, and significantly raised unemployment (United Nations, 2024). From a sociology-specific perspective, this Research Topic examines the global and local implementation of SDG8, its adaptation to different geographical contexts, stakeholder involvement, and (...) issues related to decent work conditions worldwide. (shrink)

This study analyzes the relationship between foreign trade and economic growth in Myanmar over the period 1990-2014. It covers the annual data of GDP, Export and Import of Myanmar from 1980 to 2014. This study adopts two major methodological approaches – exploratory data analysis and descriptive analysis. For the first approach, Augmented Dickey-Fuller (ADF) unit root test and Granger causality test are used under the framework of Vector Autoregressive (VAR) model, which have almost never been studied for the (...) Myanmar case. The second approach includes the analysis of Myanmar’s foreign trade trend with descriptive statistics. The results show that foreign trade did not generate a significant effect on the economic growth of Myanmar. Rather, import growth was negatively influenced by the economic growth of Myanmar. It is found out that exports had been determined by the GDP growth. Thus, growth-driven export strategy had been applied for the period of 1990-2014. Also, there was only one causal run from export growth to import growth. The results conclude that foreign trade did not have significant impact on the economic growth of Myanmar over the period of 1990–2014. (shrink)

This paper examined managing and improving education for sustaining national income and economic growth rate in Nigeria. It attempts to explore the ways in which education can be effectively managed to lead to an improvement in national income and economic growth rate in Nigeria. Concepts relating to the topic were clearly defined. The meaning of national income, economic growth, and economic growth rate was explained. The importance and determinants of national income were (...) identified and explained. Efforts were made to explain the reasons for the slow national income growth rate in Nigeria as well as the ways to improve the national income growth rate. The role of education in sustaining national income and economic growth rate was shown using literature from other scholars. Conclusions and recommendations were made based on the observations from the study. (shrink)

Abstract: In developing societies, foreign direct investment is an invaluable tool for achieving economic growth by enhancing competitiveness through offering employment, transferring sophisticated technologies, boosting productivity and promoting infrastructure. The main objective of the paper is to examine the trends of foreign direct investment and economic growth in Africa, with specific reference to Nigeria’s experience in pre-recession period. The paper notes that foreign direct investment provides capital for investment, it enhances job creation and managerial skills, and (...) possibly technology transfer. The paper observe that prior to the economic recession, Nigeria experienced continued increased in foreign direct investment. The study is an empirical investigation, using a time series data between 1999-2014. The data collected was analyzed using table of frequency distribution, bar chart, graph and correlation analysis. The analysis shows that there is a high positive correlation relationship between FDI and economic growth in Nigeria during the period under study. Based on the results and findings, the paper recommend among others that for Nigeria to optimize the potential benefits of FDI, it is important that the government exercise fiscal discipline and control measures in its pattern of borrowing and spending. (shrink)

B. Plawgo, A. Grabska, M. Klimczuk-Kochańska, A. Klimczuk, J. Kierklo, J. Żynel-Etel, Startery podlaskiej gospodarki. Analiza gospodarczych obszarów wzrostu i innowacji województwa podlaskiego: sektor produkcji oprogramowania komputerowego, Wojewódzki Urz¸ad Pracy w Białymstoku, Białystok 2011.

The objective of this paper is to examine the role of the banking system in the growth of the Vietnamese economy in the process of the transition that started in the early 1990s. An ARDL approach-based multivariate regression technique is applied to shed light on the impact on the growth of banking development, which is measured by broad money and bank credit. The empirical findings confirm a positive long-term effect of banking development on growth, reflecting the important (...) role of the banking system in a typical bank-based financial system in mobilizing and supplying capital to the economy, thus contributing to growth throughout the process of economic transition. The empirical findings also indicate a nonlinear effect and a diminishing marginal effect of banking development in the sub-period 2007–2020. The thresholds for the two measures of banking development are estimated to be around 107% and 101% of the GDP, respectively. This finding suggests that bank credit expansion needs to be closely controlled to be adaptive to the capital-absorptive capacity of the economy. To a certain extent, this finding is also an indicator of the ongoing extensive growth model adopted in Vietnam, which relies heavily on the quantity of invested capital. (shrink)

This volume addresses the eighth Sustainable Development Goal. It not only enquires into its global promulgation and into individual local, national, and international cooperative programs in support of it, but it also considers the framing and elaboration of the goal, its adaptation to particular geographical contexts, stakeholder involvement in it, and the issues concerning decent work conditions worldwide.

Questioning economic growth remains a heresy, but the mathematics of compound growth show its indefinite continuation to be impossible. This frames a problem best resolved while we are still able to do so.

The coronavirus has affected almost all sectors of the economy. Some areas have suffered and declined, while others have developed and benefited from the pandemic. Due to the COVID-19 pandemic, economies around the world have experienced a downturn. The effects of the pandemic will undoubtedly reverberate around the world for decades to come. The global threat of the COVID-19 epidemic has greatly affected people, families, communities and businesses. Countries have begun implementing a wide range of measures both within and between (...) countries to combat the humanitarian and commercial impact of COVID-19. The effects of the worldwide epidemic and the emergency situations to be taken in this context were felt more and more in business life. Considering that the epidemic progressed very quickly, it was observed that it caused constant negative pressure on business and stock markets. This situation is interpreted as a harbinger of a global crisis. On the other hand, issues such as disruptions in supply and distribution channels, closure of workplaces and ports, disruption of customs processes, lack of manpower and decrease in consumption, operations in the stock market continued in a negative direction day by day. The consistent exposure of COVID-19 around the world, especially in developing economies, suggests that developing economies are seen as a major driver of macroeconomic instability compared to developed countries. After the initiation of economic reforms, with the increase of national income, aggregate production and employment, the trend of increasing economic volatility in developing economies has also been observed. Considering all this, it can be noted that the topic of the article is quite relevant. In the article, the negative impact of the pandemic on the economy of the world, as well as Azerbaijan, is examined in a broad aspect, and the methods of eliminating the damage caused by it are determined. (shrink)

The role of China in the world economy is constantly growing. In particular we observe that it plays more and more important role in the support of theworld economic growth (as well as high prices of certain very important commodities). In the meantime the perspectives of the Chinese economy (as well as possible fates of the Chinese society) remain unclear, whereas respective forecasts look rather contradictory. That is why the search for new aspects and modes of analysis of (...) possible development of China turns out to be rather important for the forecasting of global futures. This article employs a combination of scientific methods that imply (a) the analysis at the level of Chinese economic model; (b) the analysis at regional level (at this level the Chinese economic model is compared with the regional East Asian model); (c) the analysis at the global level that relies on the modified world-system approach that allows to answer the question whether China will replace the USA as the global leader. It is important that the analysis is conducted simultaneously in economic, social, demographic, and political dimensions. As regards the analysis of specific features of the Chinese model as an especial type of the East Asian model (that is based on the export orientation, capital & technology importation, as well as cheap labor force), we note as organic features of the Chinese model the totalitarian power of the Communist Party and the immenseness of resources. As regards special features of the Chinese model, we note (in addition to “cheap ecology” and cheap labor force) and emphasize that China has a multilevel (in a way unique) system of growth driving forces, where, as opposed to developed states, the dominant role belongs not to native private capital, but to state corporations, local authorities and foreign business. This explains the peculiarities of the Chinese investment (or rather overinvestment), which determines high growth rate up to a very significant degree. A unique feature of the Chinese model is the competition of provinces and territories for investments and high growth indicators. As regards perspectives of the global hegemony of China, we intend to demonstrate that, on the one hand, economic and political positions of China will strengthen in the forthcoming decades, but, on the other hand, China, assuming all possible future success, will be unable to take the USA position in the World System. We believe that in a direct connection with the development of globalization processes the hegemony cycle pattern is likely to come to its end, which will lead to the World System reconfiguration and the emergence of its new structure that will allow the World System to continue its further development without a hegemon. Finally, the article describes some possible scenarios of the development of China. We demonstrate that China could hardly avoid serious difficulties and critical situations (including those connected with demographic problems); however, there could be different scenarios of how China will deal with the forthcoming crisis. We also come to the conclusion that it would be better for China to achieve a slowdown to moderate growth rates (that would allow China to go through the forthcoming complex transition period with less losses) than to try to return at any cost to explosive growth rates attested in the 2000s. (shrink)

The interdisciplinary economics book “Better Economics for the Earth: A Lesson from Quantum and Information Theories” by Prof. Quan-Hoang Vuong and Dr. Minh-Hoang Nguyen introduces a new concept of “growth” and “eco-surplus culture,” aiming toward an economic system that “heals” the Earth.

In the context of Ukraine’s membership in the WTO, the functioning of a free trade area with the EU, the opportunity for agricultural producers to obtain a larger share of the value added is primarily linked to the intensification of trade in domestic livestock products and their processing products. However, their production is one of the high-risk areas and requires a set of measures aimed at ensuring proper quality. Without effective solution of the problem of quality of livestock products it (...) is impossible to ensure its competitiveness in the world market, to guarantee the rational nutrition of the population of the country, the availability of the necessary components for the vital activity of the human body. The aim of the research is to determine the socio-economic factors for ensuring the quality of livestock products in Ukraine. The scientific and specific research methods were used to solve the tasks set in the work: the historical method; abstraction method; method of comparative analysis; system-structural method. The main producer of livestock products in Ukraine are households. They do not have the capabilities to implement technologies of keeping, feeding, veterinary services, programs prerequisites for guaranteeing the safety of products, adherence to the HACCP principles. In Ukraine, real technical, economic and organizational-economic prerequisites for ensuring the safety and quality of livestock products are created only in the poultry meat sector. During 2015-2017, the trends in production of almost all types of livestock products except poultry and honey were identified. One of the reasons for this situation was, firstly, decreasing in capital investment in the livestock sector, and secondly, the low profitability of production of livestock products in the context of accelerated growth in prices for resources. It is proved that insignificant market (price) incentives should be supplemented with instruments of state assistance to improve the quality parameters of products on the basis of specialized enterprises. The necessity of state support for the production of livestock products based on small and medium-sized enterprises is substantiated. This will effectively combine the processes of increasing the production of livestock products with the environmental friendliness of production and steady improvement of quality. It is shown that the low quality of certain livestock products in Ukraine is caused by insufficient living standards of the population and low incomes of the majority of households, which cause them to consume low quality products. It is determined that the problem of guaranteeing the quality of livestock products in Ukraine has deep roots cause due to the influence of socio-economic factors. Therefore, a comprehensive approach is needed to solve it, which is not limited to improving the efficiency of the state control system and successfully harmonizing of the Ukrainian technical regulation system with the European one. The problem of low quality and the danger of livestock production requires a systematic approach for its solution, which is not limited, in particular, by measures to improve the system of state control and ensure approximation of the domestic technical regulation system to the European one. In Ukraine, major high-quality animal products are economically inaccessible to a large part of households. The projected increase in safety parameters and a certain improvement in the quality of livestock products as a result of the implementation of regulations adopted in 2014-2017, will necessarily lead to an increase in its value, and therefore may lead to a decrease in market demand and even greater inaccessibility of these products to people. All this can only aggravate the situation with guaranteeing the food security of the country, forming the prerequisites for increasing the intellectual capacity of the nation. (shrink)

The chapter addresses the problem of the socio-ecological transformation of industrialized societies determined by the ideology of growth. It points out that the knowledge of the impossibility of sustainable growth on a planet with finite resources has been available at least since the 1960s. However, economic policies, as well as organizational principles and imperatives of public and private institutions, have so far been formulated regarding the growth imperative. However, the concepts of the Anthropocene and Planetary boundaries (...) formulated within the framework of Earth System Sciences already precisely confirm the devastation of the planetary system on a scale that threatens the survival of civilization in its current geographical scope and complexity. Socio-ecological transformation thus appears as a necessary prerequisite for preserving the environmental conditions for the existence of organized human society. The concept of de-growth provides a theoretical basis for establishing societal boundaries, i.e. the total rate of resource consumption and the amount of waste and emissions that a society can produce to prevent planetary boundaries from being exceeded. However, as long as public policies continue to be subordinated to the imperative of growth and fictions about unlimited resources or the infinite capacity of the planetary system to absorb all forms of pollution, all so-called green policies or transformations will remain just rhetorical exercises, but more or less sophisticated forms of greenwashing. (shrink)

The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as open-ended dynamic systems of interacting agents. Empirical referents for “agents” in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial (...) markets; innovation and technological change; organizations; market design; automated markets and trading agents; political economy; social-ecological systems; computational laboratory development; and general methodological issues. (shrink)

Before pandemic the world economy had a pre-crisis situation which was characterized by unprecedented imbalances in the global financial and economic system, the lack of growth in world GDP, which posed a real threat to the world economic order. Almost all global analysts predicted a global economic crisis at the end of 2019. For the first time since time immemorial, bank interest rates in all countries have dropped to unprecedented low levels. Often interest rates were 0% (...) or even negative. The EU’s financial system has been so disfigured by the VAT tax that fraud with this tax has reached a scale far exceeding hundreds of billions EUR and in fact got out of control of the authorities. (shrink)

The Post-Capitalist Economic System and the Need for a Smaller Population -/- Introduction -/- As humanity transitions from capitalism to an entirely new economic system—one that moves beyond market-driven competition and profit motives—the necessity of large population growth diminishes. In a post-capitalist era, advanced automation, sustainable resource management, and decentralized economic structures will replace traditional labor and consumption-based economies. Unlike capitalism, which thrives on constant economic expansion and a growing workforce, the new system will prioritize (...) stability, efficiency, and well-being. As a result, excessive population growth will no longer be an economic or social necessity. -/- 1. The Shift from Labor-Intensive to Automated Economies -/- In a capitalist system, economic growth relies on an increasing workforce to produce goods and services. However, with the rise of artificial intelligence, robotics, and automation, human labor is becoming obsolete in many industries. The new economic system will be built on automated production, reducing the need for a large working population. Instead of focusing on job creation, economies will emphasize efficient distribution and sustainable production. With most essential goods and services provided through automation, a smaller population will be sufficient to maintain economic stability and ensure high living standards. -/- 2. Decentralized and Self-Sustaining Economic Models -/- Post-capitalist economies are likely to move away from centralized production hubs and multinational corporate control. Instead, decentralized, community-based economies will emerge, utilizing localized manufacturing, vertical farming, and renewable energy. With decentralized production systems, societies can produce what they need without relying on mass production and excessive consumption. This shift eliminates the need for a large consumer base, allowing smaller, self-sufficient populations to thrive without the pressures of economic expansion. -/- 3. Abandoning the Growth-Based Economic Model -/- Capitalism depends on continuous economic growth to sustain itself, which requires both increasing consumer demand and a growing workforce. In contrast, post-capitalist systems will focus on steady-state economics—where stability, resource efficiency, and long-term sustainability take priority over perpetual growth. With advanced technology ensuring abundance, there will be no economic necessity for population growth to fuel demand or labor supply. A stable or slightly declining population will be more compatible with a system that values sustainability over expansion. -/- 4. Redefining Wealth and Economic Value -/- The new economic system will likely redefine wealth and value, shifting away from monetary accumulation and towards access-based models. Universal basic income (UBI), resource-sharing economies, and AI-managed economic planning will ensure that people’s needs are met without requiring constant employment. In such a system, economic success will be measured by well-being, sustainability, and innovation rather than GDP growth. A smaller population will allow societies to focus on improving quality of life rather than producing and consuming endlessly. -/- 5. Sustainability and Ecological Balance -/- A smaller population aligns with the principles of environmental sustainability. Overpopulation leads to deforestation, pollution, and climate change due to excessive demand for food, energy, and housing. In a post-capitalist system, where ecological balance is prioritized, maintaining a smaller, stable population ensures that planetary resources are used efficiently without depleting the environment. With resource management driven by AI and automation, societies can optimize production and consumption without relying on mass labor or overpopulation. -/- 6. Shifting from Work-Centric to Well-Being-Centric Societies -/- The capitalist economy forces people to work long hours to survive, often at the expense of personal well-being. In a post-capitalist system, work will no longer be a necessity for survival. Automation and AI will handle most production, while people focus on creativity, innovation, and social well-being. A smaller population makes it easier to implement shorter workweeks, universal healthcare, and lifelong education, ensuring that individuals have more time for meaningful activities rather than being trapped in labor-driven economies. -/- 7. Political and Social Stability in a Smaller Population -/- Overpopulation often leads to overcrowded cities, housing shortages, and strained healthcare and education systems. A post-capitalist system that prioritizes balance over growth will benefit from a manageable population size, reducing social conflicts and political instability. With fewer people, governments can better allocate resources, provide quality public services, and implement long-term planning without the constant pressure of growing demand. -/- Conclusion -/- In an entirely new economic system that moves beyond capitalism, excessive population growth is unnecessary. Automation, sustainability, decentralized production, and a shift away from growth-based economies will make it possible for smaller populations to live fulfilling, resource-efficient lives. Instead of relying on an ever-growing workforce and consumer base, post-capitalist societies will prioritize well-being, stability, and environmental balance, ensuring that humanity thrives without the burden of overpopulation. -/- . (shrink)

In the 1960s Mancur Olson and Samuel Huntington suggested that the positive correlation between per capita income and the level of sociopolitical destabilization that they detected for low and middle income countries might be partly accounted for by the growth of the inequality associated with the economic and technological development in these countries. The empirical tests we perform generally support this hypothesis, but they also identify certain limits for such an explanation. Our tests reveal for low and middle (...) income countries a statistically significant correlation between GDP per capita and the economic inequality levels, but this correlation is not particularly strong. Earlier we found for the same countries significantly stronger positive correlations between GDP per capita and some important components of sociopolitical destabilization, such as the intensity of political assassinations, general strikes and anti-government demonstrations. It is quite clear that the strong association between the increase in the intensity of these components of sociopolitical destabilization and GDP per capita growth, can be explained by a much weaker tendency toward the growth of economic inequality only partly. In addition, our empirical tests suggest the presence of a certain threshold level of about 40 points on the Gini scale, after crossing which one can expect a radical increase in levels of sociopolitical destabilization in general, and the intensity of terrorist acts / guerrilla warfare and anti-government demonstrations in particular. According to the World Bank, the value of the Gini coefficient for Russia is now just in this zone, which suggests that the further growth of inequality in Russia could lead to an abrupt increase in political destabilization. (shrink)

A Balanced Economic Model: The Feedback Loop Between Public and Private Sectors with MMT as a Stabilizing Mechanism -/- Introduction -/- Modern capitalism thrives on competition, profit motives, and consumer demand. However, the system is flawed because it allows extreme wealth inequality, market instability, and frequent economic crashes. Advertising, as an essential part of capitalism, manipulates consumer behavior to sustain profits. While this fuels economic growth, it also distorts the real needs of society. -/- A better (...) alternative Is a hybrid economic model where government-created jobs, social safety nets, and free public services coexist with a profit-driven private sector. The key to making this work is a feedback loop mechanism that keeps the two sectors balanced, ensuring economic stability while preventing extreme inequality and unnecessary market collapses. This essay explores how Modern Monetary Theory (MMT) can support this feedback loop economy to create a self-regulating system where both public and private sectors benefit from each other. -/- I. The Feedback Loop Between Private Companies and Government Economic Policies -/- A feedback loop mechanism is a self-regulating system where different components interact, adjust, and respond to maintain balance. In the economy, the public sector (government jobs, social safety nets, and public services) and the private sector (businesses, investments, and free markets) create a mutual dependency: -/- 1. Government Spending Creates Consumer Demand → Private Sector Growth -/- Government creates jobs with good salaries in infrastructure, education, healthcare, and technology. -/- This injects money into the economy, giving people the purchasing power to buy goods and services from private companies. -/- As demand increases, businesses grow, hire more workers, and expand operations. -/- 2. Private Sector Growth → Increases Government Revenue Without High Taxation -/- As private companies generate profits, they pay taxes and reinvest in expansion. -/- Strong consumer demand reduces the need for excessive taxation because economic growth itself funds public programs. -/- Businesses compete not only for profits but also for innovation and efficiency. -/- 3. Social Safety Nets Prevent Market Collapses -/- During recessions, government stabilizes the economy by expanding social programs (unemployment benefits, food assistance, healthcare). -/- This prevents demand from crashing, ensuring that businesses still have customers even in economic downturns. -/- As the economy recovers, government reduces spending, allowing the private sector to take the lead again. -/- This dynamic cycle ensures that economic booms and recessions are smoothed out, preventing extreme market crashes or mass unemployment. -/- II. The Role of MMT in Supporting the Feedback Loop -/- Modern Monetary Theory (MMT) provides the economic foundation for this model by proving that a sovereign government can spend money without being constrained by traditional budget rules. Unlike mainstream economic thinking, which suggests that governments must “balance the budget,” MMT argues that government spending should adjust based on economic conditions. -/- 1. Government-Backed Job Programs as an Economic Stabilizer -/- MMT allows governments to fund public jobs without relying solely on taxation. -/- If private companies cut jobs, the government can expand its workforce to absorb the unemployed. -/- When the economy stabilizes, people move back to higher-paying private jobs, reducing government spending. -/- 2. Preventing Inflation Through Resource Control -/- MMT acknowledges that inflation happens when there’s too much money chasing too few goods. -/- The government can remove excess money through targeted taxation and invest in productivity (e.g., infrastructure, education) to keep supply stable. -/- This prevents excessive inflation while keeping the economy growing. -/- 3. Continuous Money Circulation Without Debt Crises -/- Governments can print money to fund essential services, but they control inflation by investing in real production capacity (e.g., factories, renewable energy, technology). -/- This means public investment directly benefits private businesses, keeping both sectors in sync. -/- This MMT-backed feedback loop ensures that economic downturns do not lead to catastrophic business failures or mass unemployment. -/- III. The Role of Advertising in a Balanced Economic System -/- Advertising, while necessary for businesses, often manipulates consumer behavior in a way that creates artificial demand. In a feedback loop economy, advertising should be regulated to align with real consumer needs rather than exploiting psychological weaknesses. -/- 1. Ethical Advertising Policies -/- Companies should be incentivized to market based on quality and innovation rather than manipulation. -/- False advertising and monopolistic dominance should be regulated to prevent consumer exploitation. -/- 2. Consumer Education Programs -/- Public education should include critical thinking courses to help people make informed purchasing decisions. -/- This reduces the influence of manipulative advertising, ensuring that businesses compete fairly. -/- This ensures that the feedback loop remains healthy, preventing unnecessary overproduction and unsustainable consumer debt. -/- IV. Real-World Examples of a Balanced System -/- Some countries have successfully implemented elements of this feedback loop economic model: -/- Nordic Countries (Sweden, Norway, Denmark, Finland) -/- Have free healthcare, education, and social safety nets while maintaining a competitive private sector. -/- Use progressive taxation to prevent extreme inequality, ensuring that economic growth benefits everyone. -/- Germany -/- Uses government-backed vocational training programs to ensure a highly skilled workforce. -/- Strong public-private partnerships help both sectors support each other dynamically. -/- Japan -/- Government plays a major role in funding research, infrastructure, and innovation, allowing private businesses to thrive. -/- Uses state-owned enterprises strategically while ensuring a competitive private market. -/- These examples prove that a properly managed hybrid model is more resilient, fair, and stable than extreme capitalism or extreme socialism. -/- V. Conclusion: A Self-Regulating Economy for the Future -/- A feedback loop economic system provides the best of both worlds: ✔ Government ensures economic stability through public job creation and social safety nets. ✔ Private companies drive innovation and competitiveness with strong consumer demand. ✔ MMT allows government spending to adjust dynamically without unnecessary austerity measures. ✔ Advertising is reformed to encourage ethical business practices and informed consumer choices. ✔ Inflation is controlled through taxation, investment, and resource management. -/- By integrating these feedback loop mechanisms, we can create a self-regulating economic model where both public and private sectors reinforce each other, ensuring long-term stability, prosperity, and economic fairness. -/- Policy Framework for a Balanced Economic System: Global Best Practices -/- To fully integrate the feedback loop mechanism between the public and private sectors, specific policies must be implemented to ensure economic stability, innovation, and fairness. Below are real-world policy examples that demonstrate how different countries successfully manage their economies using a mix of government intervention and free market principles. -/- I. Public Job Creation as an Economic Stabilizer -/- One of the biggest issues in capitalism is economic recessions leading to mass layoffs, which then reduce consumer spending, creating a vicious cycle of economic decline. The solution is public sector job programs that absorb unemployed workers during downturns and allow them to transition back to private jobs when the economy improves. -/- Global Examples -/- ✔ United States (New Deal Programs – 1930s) -/- During the Great Depression, the U.S. government created millions of jobs in construction, public works, and conservation projects. -/- These projects boosted infrastructure while providing employment, helping to revive the economy. -/- ✔ Argentina’s Jefes de Hogar Program (2002-2006) -/- Aimed at mitigating mass unemployment during Argentina’s economic crisis. -/- The government hired unemployed citizens to work in community service, infrastructure, and public health projects. -/- Created social stability and demand for private goods, helping Argentina recover. -/- ✔ Germany’s Kurzarbeit Program (Ongoing) -/- In times of economic slowdown, the German government pays companies to keep workers employed at reduced hours rather than laying them off. -/- This prevents mass unemployment, ensuring that workers still have income and spending power. -/- Policy Recommendation: → Implement automatic public employment programs during recessions to keep demand stable and prevent economic crashes. -/- II. Social Safety Nets to Support Consumer Demand -/- A strong social safety net ensures that consumers have purchasing power even in economic downturns, keeping the private sector stable. -/- Global Examples -/- ✔ Nordic Model (Denmark, Sweden, Norway, Finland) -/- Provides free healthcare, education, and unemployment benefits, preventing extreme poverty. -/- Funded through progressive taxation, ensuring that the wealthy contribute fairly to society. -/- This creates a stable consumer base for private companies, benefiting the entire economy. -/- ✔ Universal Basic Income (UBI) Experiments (Finland, Canada, Kenya) -/- Finland tested a UBI program where unemployed citizens received a monthly payment regardless of employment status. -/- Results showed that recipients were more likely to start businesses and find better jobs, proving that social safety nets do not reduce work incentives. -/- ✔ Singapore’s Housing and Retirement System -/- The government helps citizens buy homes with public funds, ensuring stable housing. -/- A mandatory retirement savings system (Central Provident Fund) ensures that people have money after they retire. -/- These policies reduce financial anxiety, allowing people to focus on entrepreneurship and economic growth. -/- Policy Recommendation: → Implement universal healthcare, free education, and unemployment benefits to ensure that economic downturns do not collapse consumer spending. -/- III. Regulating Advertising to Align with Consumer Needs -/- Unregulated advertising manipulates consumer behavior, creating unnecessary demand and overconsumption, which destabilizes economies. Governments can regulate advertising to ensure ethical business practices. -/- Global Examples -/- ✔ European Union (Strict Advertising Laws) -/- The EU bans false advertising, ensuring that companies cannot make misleading claims about their products. -/- Certain junk food and alcohol ads are restricted to protect public health. -/- ✔ France’s Ban on Child-Targeted Advertising -/- Prevents unethical marketing towards children, reducing unnecessary consumerism. -/- ✔ Japan’s Culture of Product Quality Over Hype -/- Japanese companies emphasize product reliability and long-term value, reducing dependence on manipulative advertising. -/- Policy Recommendation: → Implement ethical advertising regulations to prevent false marketing, predatory ads targeting vulnerable consumers, and excessive consumer debt. -/- IV. Public-Private Partnerships for Innovation and Infrastructure -/- Rather than treating the government and private sector as separate entities, a well-balanced system interconnects them through public-private partnerships (PPPs) to drive innovation. -/- Global Examples -/- ✔ Germany’s Mittelstand Model (SME Support System) -/- The German government provides long-term financial support to small and medium-sized enterprises (SMEs), which are the backbone of the economy. -/- Ensures that private businesses have stable growth without excessive corporate monopolies. -/- ✔ China’s State-Led Economic Model (Strategic Government Investments) -/- The government invests heavily in infrastructure and technology, allowing private businesses to thrive with low-cost logistics and energy. -/- Balances capitalist competition with government support, ensuring stability. -/- ✔ United States (NASA & SpaceX Collaboration) -/- NASA funded SpaceX and other private space companies, leading to rapid innovation in space technology. -/- This proves that government funding can accelerate private sector breakthroughs. -/- Policy Recommendation: → Use government funding to support innovation and long-term infrastructure projects while allowing private businesses to benefit and expand. -/- V. MMT as a Tool for Economic Stability -/- Traditional economic models suggest that governments must “balance their budgets” like households, but this is a flawed concept. Modern Monetary Theory (MMT) argues that sovereign nations with their own currency (like the U.S., Japan, and the UK) can create money to fund essential services without relying on debt from private banks. -/- How MMT Works in Practice -/- ✔ Japan’s National Debt Strategy -/- Japan has one of the highest debt-to-GDP ratios in the world, yet it has no financial crisis because it borrows in its own currency. -/- Instead of austerity, Japan uses public investment to maintain economic stability. -/- ✔ U.S. Stimulus During COVID-19 -/- The U.S. government printed money to send direct payments to citizens, preventing a total economic collapse. -/- Inflation was controlled by adjusting taxation and investment in production capacity. -/- ✔ EU’s Post-COVID Recovery Fund -/- The European Union used public money to stabilize industries and workers, preventing extreme recessions. -/- Policy Recommendation: → Use MMT-based strategies to fund infrastructure, social programs, and innovation, ensuring economic stability without excessive reliance on private banking debt. -/- VI. Conclusion: Creating a Self-Regulating Economy -/- A feedback loop economy that integrates public job creation, private sector competition, social safety nets, and MMT-backed fiscal policies provides a self-regulating system that ensures: -/- ✔ Stable employment and consumer demand even during economic downturns. ✔ Innovation and competition in the private sector without excessive monopolies or market crashes. ✔ Government-funded infrastructure and social programs that benefit both workers and businesses. ✔ Ethical advertising that prevents consumer exploitation and unnecessary debt. ✔ Balanced inflation control through strategic taxation and investment. -/- By combining the best policies from different global models, we can build an economic system that minimizes business bankruptcies, prevents recessions, and maximizes innovation and economic fairness. -/- . (shrink)

Ideal GDP per Capita, Gini Coefficient, and Population Growth: A Holistic Framework for National Prosperity -/- Economic metrics such as GDP per capita, the Gini coefficient, and population growth are interrelated factors that shape a nation’s economic health, equity, and sustainability. While GDP per capita reflects the average economic output per person and the Gini coefficient measures income inequality, population growth plays a critical role in influencing both metrics. Achieving an ideal balance among these (...) three indicators is essential for fostering long-term prosperity and social stability. -/- This essay explores the characteristics of an ideal GDP per capita, Gini coefficient, and population growth, emphasizing how they interact to create a balanced and sustainable society. -/- Ideal GDP per Capita -/- GDP per capita is a key indicator of a nation’s economic productivity and standard of living. While higher GDP per capita is generally associated with improved living standards, its effectiveness depends on equitable distribution and sustainable resource use. -/- Ideal Range: Studies suggest that an ideal GDP per capita lies between $20,000 and $50,000, as this range ensures that most citizens have access to basic necessities, quality healthcare, education, and infrastructure. Beyond this range, diminishing returns on wealth are observed, meaning additional income contributes less to overall well-being. -/- Equity as a Prerequisite: High GDP per capita should align with equitable wealth distribution. Without fair distribution, economic gains are concentrated among the wealthy, exacerbating inequality and reducing the overall quality of life for many. -/- Ideal Gini Coefficient -/- The Gini coefficient measures income inequality, with 0 representing perfect equality and 1 representing maximum inequality. An ideal Gini coefficient balances equity and economic incentives. -/- Ideal Range: Economists agree that a Gini coefficient between 0.25 and 0.35 is optimal, as it reflects a society where wealth and opportunities are shared relatively equitably without discouraging innovation and productivity. -/- Impacts of Low Inequality: Countries with low Gini coefficients often experience stronger social cohesion, lower crime rates, and better health outcomes. For instance, Scandinavian nations, with Gini coefficients around 0.25–0.30, demonstrate how equitable wealth distribution can enhance societal well-being. -/- Economic Growth and Equality: Excessive inequality (Gini > 0.4) can hinder social mobility and lead to political and economic instability, undermining long-term growth. -/- Ideal Population Growth -/- Population growth is a critical factor that influences GDP per capita and income distribution. A balanced and sustainable population growth rate is necessary to achieve and maintain ideal economic conditions. -/- Ideal Growth Rate: Experts suggest that an annual population growth rate of around 1% or less is ideal for most countries. This rate ensures that economic growth can keep pace with population increases, preventing overburdened resources and infrastructure while maintaining a stable labor force. -/- Economic Implications: -/- Rapid Growth: Excessive population growth strains public services, healthcare, education, and housing, which can lead to lower GDP per capita and exacerbate inequality. -/- Declining Growth: Extremely low or negative population growth, as seen in some developed countries like Japan, can lead to labor shortages, reduced economic productivity, and challenges in supporting aging populations. -/- Sustainable Growth: A steady, moderate population growth rate supports economic stability by providing a consistent labor supply while minimizing pressure on resources. -/- The Synergy Between GDP per Capita, Gini Coefficient, and Population Growth -/- The ideal relationship between GDP per capita, the Gini coefficient, and population growth lies in their mutual reinforcement: -/- 1. Balanced Growth and GDP per Capita: Moderate population growth allows for sustained increases in GDP per capita, as economic output can expand alongside a manageable rise in population. -/- 2. Population and Inequality: Equitable income distribution is easier to achieve in societies with stable population growth, as rapid growth often leads to increased competition for limited resources, exacerbating inequality. -/- 3. Long-Term Stability: A stable population growth rate ensures that infrastructure, social services, and natural resources are not overburdened, contributing to equitable wealth distribution and higher per capita income. -/- For example, countries like Sweden and Norway combine high GDP per capita (over $50,000), low Gini coefficients (around 0.25–0.30), and stable population growth rates (~0.5–1% annually). This synergy results in high living standards, robust social safety nets, and sustainable economic development. -/- Challenges and Policy Recommendations -/- Achieving ideal GDP per capita, Gini coefficient, and population growth requires effective policies and governance: -/- 1. Population Policies: Governments must adopt population policies that promote sustainable growth, such as family planning programs, investments in education, and support for working families. -/- 2. Redistributive Measures: Progressive taxation, social welfare programs, and universal access to education and healthcare can reduce inequality and support equitable wealth distribution. -/- 3. Sustainable Development: Policies must focus on balancing economic growth with environmental conservation to ensure long-term prosperity for future generations. -/- Conclusion -/- The ideal GDP per capita, Gini coefficient, and population growth rate represent a balanced framework for national prosperity. A GDP per capita of $20,000 to $50,000, a Gini coefficient of 0.25 to 0.35, and a population growth rate of 1% or less collectively promote sustainable economic development, equitable wealth distribution, and social harmony. However, these ideals must be pursued with context-specific strategies that account for each country’s unique demographic, cultural, and economic circumstances. By achieving this balance, nations can create resilient and thriving societies for current and future generations. -/- . (shrink)

Why It’s Difficult to Increase Job Creation to Balance Exponential Population Growth -/- One of the biggest challenges in economic development is ensuring that job creation keeps pace with the rapid growth of the population. If a country fails to provide enough employment opportunities, it leads to rising unemployment, poverty, and social instability. The problem is even more complex because economic growth is not always proportional to population growth. Several key factors—such as economic (...) productivity, income inequality, technological advancements, education, and labor migration—must be considered when addressing this issue. To create a sustainable balance, countries must focus on maintaining an ideal standard of living, fair income distribution, and a population growth rate that does not exceed economic expansion. -/- 1. The Importance of GDP per Capita in Job Creation -/- A country’s economic strength is often measured by its Gross Domestic Product (GDP) per capita, which reflects the average income per person. For a nation to provide enough well-paying jobs, it must have a high enough GDP per capita to support businesses, investments, and infrastructure development. Studies suggest that a GDP per capita of at least $15,000 to $25,000 is necessary for a stable middle-income economy where job opportunities are abundant. -/- However, many developing nations struggle to reach this level due to factors such as inefficient economic policies, corruption, or lack of industrial growth. If GDP per capita is too low, businesses may not generate enough revenue to expand, and workers may be forced into low-wage or informal jobs with little security. To ensure sufficient employment opportunities, governments must focus on improving productivity, supporting small and medium enterprises, and investing in industries that create large numbers of jobs. -/- 2. The Impact of Income Inequality on Job Availability -/- Even if a country has a high GDP, the way wealth is distributed among the population significantly affects job creation. A measure called the Gini coefficient helps determine how equally wealth is shared. If income is too concentrated in the hands of a few, economic growth will not translate into widespread job creation. -/- For a healthy economy, income inequality should be kept within a manageable range—typically a Gini coefficient of 0.25 to 0.35. If this number rises above 0.4, it indicates that a small portion of the population holds most of the wealth, while the majority struggle with low wages and unemployment. High inequality leads to reduced consumer spending, which negatively affects businesses and slows down job creation. To fix this, governments must implement policies that promote fair wages, progressive taxation, and better access to education and healthcare. -/- 3. The Balance Between Population Growth and Economic Growth -/- One of the most critical factors in job creation is the relationship between population growth and economic growth. If the population expands too quickly without a corresponding increase in job opportunities, unemployment will rise. A sustainable population growth rate should generally be below 1% per year, while economic growth should ideally be between 3% and 5% per year to generate enough jobs. -/- In many developing countries, high birth rates continue to add millions of people to the workforce every year, but the economy does not grow fast enough to accommodate them. This problem is worsened by factors such as automation, which replaces traditional jobs, and weak labor markets that fail to absorb new workers. To address this issue, governments must implement population policies, invest in education, and ensure that job market demands align with workforce skills. -/- 4. The Role of Labor Migration in Balancing Job Creation and Population Growth -/- One effective way to address job shortages and overpopulation is through labor migration. Many developed countries face declining birth rates and aging populations, which create labor shortages in critical industries such as healthcare, construction, and agriculture. At the same time, overpopulated developing nations struggle with high unemployment. A well-managed labor migration system can help balance both issues by matching surplus labor from developing countries with job shortages in developed economies. -/- How Labor Migration Helps Solve the Imbalance: -/- For overpopulated countries: Migration reduces unemployment, eases pressure on local job markets, and allows workers to send remittances back home, boosting their domestic economy. -/- For labor-shortage countries: Migrant workers fill essential jobs that local populations are unable or unwilling to do, preventing economic stagnation. -/- Challenges in Implementing Labor Migration: -/- Despite its benefits, labor migration is often restricted by strict immigration policies, cultural resistance, and concerns about local job competition. To maximize the benefits of migration, countries should: -/- Create bilateral agreements that ensure fair wages and worker protections. -/- Provide legal pathways for migrant workers to prevent exploitation and illegal migration. -/- Implement integration programs that help migrants contribute positively to their host economies. -/- By effectively managing labor migration, both sending and receiving countries can create a win-win situation that helps balance employment opportunities globally. -/- 5. The Role of Education and Skills Development -/- A well-educated workforce is essential for job creation. Many emerging industries—such as technology, renewable energy, and healthcare—require specialized skills that the general population may not have. Unfortunately, many education systems fail to prepare students for the jobs of the future, resulting in a mismatch between the skills available in the workforce and the jobs that need to be filled. -/- To solve this, countries must focus on improving education and vocational training programs. Investing in science, technology, engineering, and mathematics (STEM) education, as well as technical and trade schools, can help workers adapt to changing job market demands. Additionally, lifelong learning programs should be encouraged to help workers update their skills as industries evolve. -/- 6. How Technology and Globalization Affect Job Creation -/- Advancements in technology and globalization have created both opportunities and challenges for job creation. Automation, artificial intelligence, and robotics have increased productivity but have also eliminated many traditional jobs, particularly in manufacturing and retail. While technology generates new industries, these jobs often require advanced skills, leaving behind workers who are unable to adapt. -/- Similarly, globalization has allowed companies to move jobs to countries with cheaper labor costs, which can reduce employment opportunities in some regions. To counter this, countries must focus on attracting industries that balance automation with human labor, promoting entrepreneurship, and investing in sectors that cannot be easily outsourced, such as local services and infrastructure development. -/- 7. Policy Recommendations for Sustainable Job Creation -/- To ensure that job creation keeps up with population growth, governments and businesses must work together to implement sustainable economic policies. Some key recommendations include: -/- Economic Diversification: Countries should invest in multiple industries, including technology, agriculture, healthcare, and renewable energy, to create a variety of job opportunities. -/- Fair Income Distribution: Policies should be designed to reduce income inequality through progressive taxation, minimum wage laws, and social welfare programs. -/- Education and Workforce Training: Schools and universities should align their curricula with the needs of the job market, and vocational training should be expanded. -/- Population Management: Governments should promote responsible family planning and ensure that population growth does not outpace economic development. -/- Support for Small Businesses: Small and medium enterprises (SMEs) are a major source of employment and should receive incentives such as low-interest loans, tax breaks, and reduced bureaucratic barriers. -/- Managed Labor Migration: Countries should develop legal migration pathways that match labor demand and supply globally. -/- Conclusion -/- Balancing job creation with population growth is a complex challenge that requires a comprehensive and sustainable approach. Countries must ensure that GDP per capita remains high, income is distributed fairly, and population growth stays within manageable limits. By investing in education, economic diversification, labor migration, and social policies, governments can create a stable and prosperous society where job opportunities are available for all. If these factors are not properly managed, the gap between population growth and job availability will continue to widen, leading to economic and social instability. -/- . (shrink)

This paper explores the correlation between economic indicators and economic development, focusing on common economic indicators such as GDP, Purchasing Power Parity (PPP), economic growth rate, and unemployment rate. It compares and analyzes data from Taiwan, Japan, South Korea, the United States, and China. The study finds that a single economic indicator cannot fully reflect a country's economic development and that multiple indicators must be considered to assess the economic situation more accurately. (...) The paper also discusses differences in economic growth among countries, the impact of income disparity and unemployment rates on economic development, and emphasizes the importance of PPP in cross-country comparisons. Finally, it points out that in addition to GDP, factors such as income distribution and social welfare should also be considered when evaluating economic development. -/- Keywords: Economic Indicators, Gross Domestic Product (GDP), Purchasing Power Parity (PPP), Economic Growth Rate, Unemployment Rate. (shrink)

Why Capitalism Cannot Create More Successful Entrepreneurs to Balance Stable Job Creation Amid Increasing Population Growth -/- Introduction -/- Capitalism is often praised for fostering entrepreneurship, economic growth, and job creation. However, its inherent flaws—such as wealth concentration, monopolization, financial barriers, and wage suppression—prevent it from producing enough successful entrepreneurs to balance job creation with increasing population growth. As the global population expands, capitalism alone fails to generate sufficient employment opportunities, leading to economic instability, poverty, (...) and inequality. -/- To address these challenges, a balanced approach involving government intervention, socialist-inspired policies, population regulation, and a coordinated effort between private and public sector job creation is necessary. By ensuring economic stability, providing social safety nets, and aligning workforce growth with sustainable employment opportunities, societies can mitigate capitalism’s failures while maintaining its productive aspects. -/- 1. The Fundamental Flaws of Capitalism in Job Creation -/- While capitalism promotes competition and innovation, it also creates significant economic imbalances: -/- Wealth Concentration and Inequality: Over time, wealth accumulates among a few individuals and corporations, reducing opportunities for new entrepreneurs and limiting social mobility. -/- Monopolization: Large corporations dominate markets, pushing out small businesses and reducing job diversity. -/- Financial Barriers to Entrepreneurship: The cost of starting and sustaining a business is high, making it difficult for new entrepreneurs to compete. -/- Short-Term Profit Maximization: Companies prioritize short-term gains, often outsourcing jobs or automating processes to cut costs, rather than investing in long-term job creation. -/- Cyclical Economic Crises: Capitalist economies experience frequent recessions, leading to mass layoffs, business failures, and financial insecurity. -/- These issues make capitalism insufficient in creating enough businesses and stable jobs to match population growth. -/- 2. The Difficulty of Starting a Business and Its Impact on Job Creation -/- Despite the belief that anyone can succeed through hard work, starting a business remains a significant challenge due to: -/- High Initial Costs: Rent, inventory, equipment, and salaries require substantial capital. -/- Limited Access to Credit: Most banks and investors require collateral or proven profitability, which new entrepreneurs lack. -/- Complex Regulations: Navigating legal and tax systems is expensive and time-consuming. -/- Intense Market Competition: Large corporations benefit from economies of scale, making survival difficult for small businesses. -/- Due to these challenges, most aspiring entrepreneurs fail or remain in precarious financial positions, reducing their ability to contribute to long-term job creation. -/- 3. The Effect of Low Wages on Consumer Buying Power and Job Stability -/- One of capitalism’s biggest contradictions is its reliance on low wages to maximize corporate profits while simultaneously needing strong consumer demand to sustain business growth. -/- Reduced Consumer Demand: When workers earn low wages, they have less money to spend, weakening economic growth. -/- Increased Debt and Financial Instability: Many workers rely on credit for basic needs, making them financially vulnerable. -/- Job Insecurity and Precarious Work: Companies cut costs by hiring temporary workers or outsourcing jobs, leading to job instability. -/- By failing to pay workers a living wage, capitalism limits its own potential for sustainable economic growth, reinforcing inequality and restricting business expansion. -/- 4. Balancing Job Creation Between the Private and Public Sectors -/- To counteract capitalism’s job creation failures, a balanced approach that combines private sector entrepreneurship and government-led job creation is essential. -/- A. Private Sector Job Creation -/- The private sector should remain a driving force of economic innovation and employment, but it must be regulated to prevent exploitative practices. Governments can support private-sector job creation by: -/- Providing Financial Assistance to Startups: Low-interest loans and grants can help small businesses grow. -/- Ensuring Fair Competition: Antitrust laws prevent monopolies from dominating industries. -/- Raising Minimum Wages: Ensuring fair wages strengthens consumer spending and business stability. -/- Encouraging Ethical Business Models: Worker cooperatives and profit-sharing models can create sustainable, fair workplaces. -/- B. Government-Led Job Creation -/- Governments must step in where the private sector fails to provide sufficient employment opportunities. Public-sector job creation should focus on: -/- Infrastructure Development: Roads, bridges, schools, and renewable energy projects generate long-term employment. -/- Public Services Expansion: More jobs in healthcare, education, and social services create stable employment. -/- Green Economy Investments: Sustainable industries like clean energy and environmental conservation create new career paths. -/- Universal Job Guarantee Programs: Governments can offer public jobs in times of economic downturns to prevent mass unemployment. -/- By combining private-sector dynamism with public-sector stability, societies can ensure that job creation keeps pace with population growth. -/- 5. The Role of Population Regulation in Economic Stability -/- One of the critical yet often overlooked aspects of economic sustainability is aligning population growth with job availability. Unregulated population expansion can lead to: -/- Unemployment and Underemployment: More people entering the job market than available jobs create economic strain. -/- Increased Poverty and Social Unrest: Large unemployed populations lead to instability and higher crime rates. -/- Strain on Public Services: Overpopulation overwhelms healthcare, education, and infrastructure systems. -/- A. Family Planning and Education -/- Governments must implement policies that encourage responsible population growth through: -/- Access to Contraception and Family Planning Services: Ensuring reproductive health choices empower families to plan their future. -/- Educational Campaigns on Sustainable Population Growth: Teaching the economic impact of overpopulation helps societies make informed decisions. -/- Encouraging Gender Equality and Women’s Employment: Empowering women in the workforce naturally leads to lower birth rates and a more balanced economy. -/- B. Workforce and Immigration Planning -/- Instead of uncontrolled population growth, governments should focus on workforce planning to ensure that job creation aligns with demographic trends: -/- Targeted Immigration Policies: Encouraging skilled immigration in sectors with labor shortages helps maintain economic stability. -/- Retraining and Reskilling Programs: Adapting the workforce to emerging industries prevents large-scale unemployment. -/- Regional Job Distribution: Encouraging businesses to develop outside of major cities can balance employment opportunities across regions. -/- By coordinating population regulation with job market needs, economies can achieve sustainable development and avoid crisis-driven employment gaps. -/- 6. The Importance of Government and Central Bank Policies -/- To stabilize capitalism’s weaknesses, government and central bank intervention using socialist principles is essential. These policies include: -/- Progressive Taxation: Redistributing wealth to fund public services and entrepreneurship programs. -/- Public Investment in Education and Vocational Training: Preparing the workforce for new economic demands. -/- Job-Creation Programs: Investing in sectors that provide stable, long-term employment. -/- Monetary Policies that Promote Sustainable Growth: Controlling inflation, interest rates, and wage growth to prevent economic instability. -/- A coordinated economic strategy ensures that capitalism’s benefits are widely distributed, rather than concentrated among a wealthy elite. -/- 7. Conclusion: A Mixed Economic Model for Sustainable Job Growth -/- Capitalism, by itself, fails to create enough successful entrepreneurs and jobs to match population growth due to its systemic flaws. Wealth concentration, monopolization, financial barriers, and low wages prevent new businesses from thriving and workers from earning enough to sustain economic demand. -/- To correct these imbalances, a mixed economic model—combining capitalist entrepreneurship with government intervention, population regulation, and central bank policies—is necessary. By balancing private-sector innovation with public-sector job creation and aligning workforce growth with sustainable employment opportunities, societies can ensure economic stability, reduce inequality, and promote long-term prosperity. -/- Only through holistic economic planning can nations achieve stable job creation, entrepreneurship growth, and population balance, creating a future where economic progress benefits everyone, not just a privileged few. -/- . (shrink)

Despite concerted efforts to nurture SMMEs through a number of methods, including LED initiatives, a high failure rate persists in South Africa. As the quest for a sustainable solution continues, this paper investigates the challenges that SMMEs face in the context of the Bushbuckridge Local Municipality (BLM). The quantitative approach was adopted for data collection. Through the use of a survey questionnaire, data were collected from a sample of fifty owners/managers who were reached through the stratified sampling technique. The study (...) singled out lack of financial assistance, managerial skills, inaccessible global markets as the most dominant challenges to the development of SMMEs apart from the high crime rate and the fear of xenophobia. Lack of technology and insufficient government support received far lesser approval from participants as these were perceived to have less impact on SMMEs growth. This paper draws attention to the ineffectiveness of LED programmes at the grassroots level with specific reference to rural municipalities. (shrink)

Invoking a broad catalog of applicable Bahá’í principles, this paper presents the conceptual and theoretical underpinnings of a Bahá’í approach to economic growth and disparity and then maps these concepts onto an applied framework of economic rights and responsibilities. The framework that emerges thus both conceptualizes the underlying virtues that govern economic prosperity in a Bahá’í model and shows how these principles might lead to normative prescriptions for economic rights and responsibilities. The paper concludes that (...) the Bahá’í principles dealing with economic prosperity expand the theory and practice of economic justice and give rise to individual and institutional rights and responsibilities that go beyond the imperatives of conventional models of welfare. (shrink)

Abstract : This research work examined how major macro economic variables in Nigeria such as Gross Domestic Product (GDP), Gross Fixed Capital Formation (GFCF) and National Savings (NS) reacted to International Monetary Fund (IMF) conditionality from 1986 to 2016. Many policy makers and researchers have questioned the benefits of IMF credit facilities to developing nations. This work therefore seeks to evaluate the impact of IMF conditionality like Reduction in Government Expenditure (TGE), Devaluation of Local Currencies (RER), and Trade openness (...) (TO) on the Identified Macro Economic Variable in Nigeria. The data for the analysis were sourced from the data bank of World Bank. Granger causality test and ordinary Least Square (OLS) method were used to test the formulated hypotheses. The result revealed that IMF conditionality has significant effect on GDP, GFCF and NS of Nigeria. Devaluation of local currency is the greatest IMF conditionality that exerts great negative influence on economic growth of Nigeria. The work recommends among others that: instead of currency devaluation, protectionist policies via guided liberalization should be promoted combined with the use of fiscal policy in order to encourage local production and usage of locally produced goods. TGE that showed significant positive effect on GDP, GFCF and NS is an indication that government can positively influence the economic positions of Nigeria with the use of fiscal policy. (shrink)

The study focuses on hair growth promotion skills for hair dressers and nutrition requirements for hair growth of females in Umunneochi local government area (LGA) of Abia State. Specifically, the study aimed to examine the practices that promote human hair growth, assess the importance of human hair growth, determine the effect of poor nutrition on hair and identify the skills of hairdressers to promote hair growth. The study adopted a descriptive research design. Population for the (...) study was 2,800. Sample for the study was 200 using a multistage sampling techniques involving simple random sampling and purposive sampling techniques. The instrument for data collection was a questionnaire. Data collected were analyzed using mean. The result of the study examined six practices that promote human hair growth, six importance of human hair, eight effects of poor nutrition on hair and eleven hairdressers’ skills were identified. It was suggested that adolescents and mothers should be encouraged to eat recommended diets to suit their age; they should maintain a good hairdresser; and they should consult a dermatologist at regular intervals and follow their advice. (shrink)

Comprehensive Plan for Population Growth Control & Senior Citizen Social Safety Net in the Philippines -/- To ensure sustainable population growth while also supporting senior citizens who have no children or lack financial support, the government must integrate social safety net laws for both family planning and elderly welfare. -/- I. Population Growth Control Through Social Safety Net Laws -/- 1. TAX REFORMS TO INCENTIVIZE SMALLER FAMILIES -/- A. Incentives for Small Families -/- Higher tax deductions for (...) families with one or two children. -/- Gradual removal of tax benefits for families with more than two children. -/- Corporate tax incentives for businesses that provide family planning services. -/- B. Tax Penalties for Large Families -/- Higher progressive taxation on families with three or more children. -/- Luxury taxes on housing, vehicles, and government subsidies for large families. -/- 2. EDUCATION REFORMS FOR RESPONSIBLE FAMILY PLANNING -/- A. Strengthening Sex Education (Comprehensive Sexuality Education – CSE) -/- Mandatory inclusion in the school curriculum from Grade 5 onward. -/- Covers reproductive health, contraception, financial responsibility, and gender equality. -/- B. Scholarships & Financial Aid for Small Families -/- Additional educational subsidies for children from families with one or two kids. -/- Gradual reduction of education subsidies for larger families. -/- 3. EMPLOYMENT & SOCIAL WELFARE REFORMS -/- A. Job Incentives for Women & Working Parents -/- Work-from-home incentives and subsidized childcare for working mothers. -/- Paid maternity leave benefits tied to small family sizes. -/- B. Adjustments to 4Ps Social Welfare Program -/- Full cash benefits limited to the first two children. -/- Mandatory family planning education to continue receiving benefits. -/- 4. AI & BIG DATA FOR POPULATION PLANNING -/- AI-driven demographic tracking to adjust tax policies, social benefits, and economic incentives. -/- Predictive modeling for workforce planning to prevent future labor shortages. -/- 5. URBAN & RURAL DEVELOPMENT STRATEGIES -/- Housing and urban planning incentives for small families. -/- Smart city initiatives to balance population density. -/- II. Social Safety Net for Senior Citizens Without Children or Financial Support -/- 1. Universal Pension & Financial Support Programs -/- A. Strengthening the SSS and GSIS Pension System -/- Mandatory government contributions for all workers, regardless of employment sector. -/- Higher pension benefits for seniors without children or financial support. -/- B. New “Guaranteed Minimum Pension” Program -/- Senior citizens without private savings receive a baseline pension from the government. -/- Indexed to inflation to ensure financial security in old age. -/- 2. Housing & Living Assistance for Seniors Without Family Support -/- A. Senior Citizen Cooperative Housing Program -/- Government-subsidized shared housing facilities for elderly individuals without family support. -/- Community-based senior housing with healthcare and caregiving services. -/- B. Expansion of Public Nursing Homes -/- New state-run assisted living facilities in every province. -/- Affordable senior apartments with subsidized utilities and food programs. -/- 3. Healthcare & Insurance for Elderly Without Family Support -/- A. Expansion of PhilHealth & Free Healthcare Services -/- Automatic PhilHealth coverage for all seniors with no child support. -/- Higher government healthcare subsidies for single and childless seniors. -/- B. Free Home-Based Healthcare -/- Barangay-level healthcare workers assigned to provide free home visits for elderly citizens. -/- Mobile clinics and telemedicine for those in remote areas. -/- 4. Employment & Social Engagement for the Elderly -/- A. Senior Employment & Livelihood Programs -/- Tax incentives for companies hiring seniors (part-time or consultancy roles). -/- Government-backed microfinance loans for seniors starting small businesses. -/- B. “Adopt-a-Senior” Community Program -/- Encourage local communities to support senior citizens without family assistance. -/- Volunteer-based programs where younger individuals help care for seniors. -/- III. Implementation Challenges & Solutions -/- A. Overcoming Religious & Cultural Barriers -/- Frame policies as “family economic security programs” rather than population control. -/- Community-based awareness campaigns to promote responsible parenthood. -/- B. Ensuring Fair Implementation in Rural Areas -/- Deploy mobile healthcare teams to reach isolated seniors and educate rural families. -/- Offer financial rewards for barangays with successful family planning programs. -/- C. Balancing Population Growth & Workforce Needs -/- Encourage skilled migration to prevent future labor shortages. -/- Promote education and automation to compensate for a smaller workforce. -/- Final Recommendations -/- Integrate population planning into the national economic strategy. -/- Create a “National Senior Citizen Welfare Act” ensuring financial security for the elderly. -/- Strengthen AI-driven demographic management to balance population growth. -/- . (shrink)

Developing countries have seen rapid economic growth, but they have also faced unprecedented environmental challenges, including air pollution, water pollution, land pollution, waste pollution, etc. Take air pollution as an example. It is alarming that 99 percent of the world’s population breathes polluted air. Air pollution is deemed a “quiet killer”, giving rise to numerous consequences ranging from health and psychological impacts to economic and social costs. For example, air pollution annually causes roughly 7 million premature deaths (...) and an economic loss of USD 8.1 trillion, accounting for 6.1% of the global GDP. Furthermore, it is worth noting that the urban population is projected to exceed two-thirds of the total global population by 2050, as urbanization exacerbates the air pollution problem, creating even more air pollution challenges for humankind in the long run. Every new piece of information matters for scientific progress in air pollution assessment, policymaking, and public health protection. From this viewpoint, the goal/objective of this Special Issue (SI) of Urban Science is to keep communities, scholars, and policymakers informed on the research progress on air quality and human health. Specifically, this SI serves as a forum for advancing scientific understanding of environmental changes associated with air pollution and air quality, strategies and/or different measures that the public, particularly urban residents, can employ to lessen and/or mitigate unexpected impacts. I hope that the useful information and insightful findings presented by scholars in this SI can support or facilitate desirable urban environment policies that help, ultimately, increase human and societal wellbeing. (shrink)

Psychological well-being is a major global concern receiving more scholarly attention following the 2008 Great Recession, and it becomes even more relevant in the context of COVID-19 outbreak. In this study, we investigated the impact of economic uncertainty resulting from natural disasters, epidemics, and financial crisis on individuals' mental health. As unemployment rate exponentially increases, individuals are faced with health and economic concerns. Not all society members are affected to the same extent, and marginalized groups, such as those (...) suffering from chronic mental illnesses or low-income families cannot afford the downsizing, mass lay-offs and lack of access to public health services. Psychiatric profession is familiarized with the phenomenon of intolerance of uncertainty (IU), and we examine how this concept is associated with job uncertainty and social identity disturbance. Several studies have formally investigated the effects of IU, but to our knowledge, this is the first research integrating the psychological well-being, job uncertainty and identity disturbance caused by economic breakdown. Literature points to many reported cases of PTSD, anxiety, depression and suicidal tendencies following major social disasters. Yet, we have undertaken to analyze the subjective experiences underlying the self-harming behaviors in an attempt to fill the methodological gap by drawing insights from prominent psychological, sociological and economic theories. We find economic uncertainty to have a positive relation to job uncertainty and identity disturbance, and a negative relationship with psychological well-being. Psychological well-being depends on coherency between both abstract subjective and concrete objective identity, and when these perceptions are inconsistent, cognitive dissonance arises resulting in identity disturbance. We argue that stability is not associated with monetary advantage only, but also with a wide range of other benefits that are crucial for individuals' growth, satisfaction and sense of identity. Therefore, we propose the implementation of social support and public welfare policies to mitigate health risks during the turbulent socio-economic changes. (shrink)

This essay is my review of economist Mark Skousen’s book, The Big Three in Economics. In it, he discusses the economic work of Adam Smith, Karl Marx, and John Maynard Keynes. He gives even-handed treatments of the major contributions of each, for example, Smith’s reputation refutation of mercantilist policies and Smith’s crucial insight into the role that division of labor plays in economic growth. My only complaint is that Skousen doesn’t adequately explain his choice of Marx as (...) a great economist. What enduring contributions did he make to the field? Why name him rather than (say) David Ricardo? (shrink)

The region of South East Asia has developed over the past several years as one of the most rapidly growing aviation markets in the world. Despite the latest economic recession around the world, South East Asia is still reaching substantial growth. With the amount of flexible income increasing for the most inhabitants of the region, the aviation trade can expect to continue this movement. Singapore has been the dominant hub in the region for many years, however, Vietnam is (...) contemplating the practicality of investing in a new airport that they hope would eventually challenge Singapore’s current superiority. (shrink)

Applying Modern Monetary Theory to the Philippines: Achieving Economic Balance Through Natural Laws -/- Introduction -/- The Philippines faces persistent economic challenges, including slow GDP growth, high income inequality, inflationary pressures, and overpopulation. Traditional economic policies often focus on austerity, borrowing limits, and foreign investments, but these approaches fail to address the root causes of economic imbalance. -/- Modern Monetary Theory (MMT) offers an alternative by allowing the government to issue money to finance public spending (...) without relying on foreign debt or excessive taxation. However, to prevent inflation and ensure long-term stability, government spending must be directed toward productive investments. This aligns with my universal formula, which is based on the universal law of balance in nature—ensuring that all systems, including economic ones, function without defects. -/- By integrating MMT with GDP growth, GDP per capita, the Gini coefficient (income equality), population regulation, and good governance, the Philippines can achieve sustainable economic progress while maintaining balance. -/- The Role of a Good and Non-Corrupt Government in Implementing MMT -/- MMT gives governments the power to create money, making it an incredibly powerful tool—but also a dangerous one if misused. A corrupt government can misallocate funds, cause hyperinflation, and worsen inequality. Therefore, strong leadership, transparency, and accountability are essential for MMT to work. -/- Eliminating corruption ensures that newly created money is invested in productive sectors rather than being stolen or wasted. -/- Strict financial oversight and independent institutions must monitor government spending. -/- A well-structured economic plan, free from political interests, must be followed to ensure MMT benefits all Filipinos, not just the elite. -/- If MMT is implemented by a corrupt government, it will only lead to inflation, economic collapse, and further inequality. The law of karma teaches that every action has consequences—if government spending is abused, the entire economy will suffer. -/- Using MMT to Increase the Philippines’ GDP Without Inflation -/- 1. Infrastructure Development -/- The Philippines suffers from poor infrastructure, leading to high transportation and electricity costs. Government investment in roads, ports, and energy projects would improve economic efficiency, reducing production costs and increasing business competitiveness. -/- The government can print money under MMT to fund major infrastructure projects, provided the projects enhance productivity. -/- Improved infrastructure will increase GDP by facilitating trade, reducing delays, and boosting industrial growth. -/- With proper planning, this investment will not cause inflation because it adds real value to the economy. -/- However, for infrastructure spending to be effective, the government must eliminate corruption in project implementation. Ghost projects, overpricing, and political kickbacks will waste public money and increase inflation without creating real economic value. -/- 2. Investing in Renewable Energy -/- The Philippines relies heavily on imported fossil fuels, making it vulnerable to price fluctuations. A shift toward solar, wind, and geothermal energy would: -/- Reduce long-term electricity costs, helping businesses expand without raising prices. -/- Make the country energy independent, lowering the need for foreign currency reserves. -/- Increase GDP by creating green energy jobs and technological innovations. -/- A good government will prioritize long-term energy security over short-term political interests. Corrupt officials, however, may block renewable energy projects in favor of profit-driven deals with fossil fuel industries, preventing the country from achieving energy independence. -/- 3. Expanding Manufacturing and Industrialization -/- The Philippine economy is heavily dependent on services (such as BPOs) and overseas remittances. To create long-term stability, the country must expand its manufacturing sector. -/- Government spending should prioritize local industries, such as electronics, semiconductors, and agribusiness processing. -/- Subsidies and incentives should be given to businesses that create jobs and produce high-value goods. -/- Export-oriented manufacturing would increase GDP while keeping money circulation within productive sectors, preventing inflation. -/- A corrupt government, however, may award subsidies and contracts based on political favors rather than economic merit, leading to inefficiency and wasted resources. A good and competent government will ensure that industrial policies are based on merit, efficiency, and long-term economic benefits. -/- 4. Research, Innovation, and Digital Transformation -/- Government investment in science, technology, and artificial intelligence (AI) would drive sustainable economic growth. -/- A national AI and automation strategy can improve industries such as agriculture, logistics, and healthcare, leading to higher GDP. -/- Government-funded research and technology parks can support Filipino startups and entrepreneurs. -/- This will help the country move from a consumer-driven economy to a technology and knowledge-based economy, increasing long-term wealth. -/- Without strong governance and anti-corruption measures, however, research funding may be misused, misallocated, or given to unqualified individuals. The universal law of balance requires that public resources be managed efficiently and fairly to maximize their benefits. -/- GDP Per Capita: Ensuring Growth Benefits Every Filipino -/- While GDP growth is important, it must translate to real improvements in people’s lives. A high GDP with a rapidly growing population leads to a lower GDP per capita, keeping the majority poor. -/- Government policies must regulate population growth through education and family planning. -/- Higher GDP per capita ensures that public investments in healthcare, education, and housing can meet the needs of citizens. -/- A well-balanced population ensures that economic growth does not lead to overconsumption of resources. -/- The Gini Coefficient: Reducing Income Inequality in the Philippines -/- The Philippines has one of the highest income inequality rates in Southeast Asia. The Gini coefficient reveals that wealth is concentrated in the hands of a few, while many struggle to survive. -/- MMT can be used to: -/- Fund free quality education and vocational training, allowing Filipinos to get better-paying jobs. -/- Provide universal healthcare, ensuring that people are not trapped in poverty due to medical expenses. -/- Invest in affordable housing and social safety nets for vulnerable populations. -/- Without addressing inequality, economic growth will only benefit the elite, leading to social unrest and instability. However, corrupt leaders often resist wealth redistribution because they benefit from maintaining economic inequality. A non-corrupt government is necessary to ensure fair wealth distribution. -/- Ensuring MMT Aligns with the Universal Law of Balance -/- The Philippines must apply MMT carefully to prevent economic imbalance. Simply printing money without strategic allocation will lead to inflation and instability. -/- Strict anti-corruption policies must be enforced to ensure MMT is used only for productive investments. -/- Public funds should be managed transparently, with regular audits and independent oversight. -/- Government leaders must be held accountable for economic decisions, ensuring they act in the best interest of all Filipinos. -/- A corrupt and incompetent government will lead to economic collapse under MMT, while a good, disciplined, and visionary government can use it to create lasting prosperity and stability. -/- Conclusion -/- Modern Monetary Theory, when properly applied, aligns with the universal law of balance in nature by ensuring that economic systems function without defects. The Philippines can use MMT to: -/- Increase GDP by investing in infrastructure, renewable energy, and industrialization. -/- Ensure GDP per capita growth by regulating population and creating sustainable jobs. -/- Reduce income inequality through education, healthcare, and wealth redistribution. -/- Maintain economic balance by applying feedback mechanisms such as taxation, productivity growth, and responsible government spending. -/- However, MMT requires a government that is competent, transparent, and corruption-free. Without ethical leadership, MMT will be abused and lead to inflation, economic collapse, and inequality. The law of balance demands that all systems—including governance—function properly to achieve economic stability. -/- By ensuring good governance, economic discipline, and strategic spending, the Philippines can use MMT to build a just, prosperous, and balanced society. -/- . (shrink)

The thesis examines political and economic transitions in Sub-Saharan Africa (SSA) and particularly in post-communist Ethiopia and Angola between 1989-2019 by applying the interpretative scheme of transition theory. The research question investigated how the economic liberalization of centrally planned political systems affects their political liberalization and vice versa. The main hypothesis attempted to answer whether transition theory can apply as an interpretative model in order to explain post-communist developments in the SSA context. Characteristic noteworthy country examples, which have (...) experienced communism for an extended period and are now under a hybrid developmental state form - with their impressive economic development being driven mainly by the state - are Ethiopia and Angola. Ethiopia and Angola belonged among the fastest-growing economies in the world among China, India and East Asian countries with astonishing high growth rates for extended periods. In turn, their political transition presented signs of liberalization. Yet, they seem to follow the stagnated path of developmental states and hybrid regimes. Ιn order to examine the political and socio-economic parameters of these transformations, the methodology uses also a combination of qualitative and quantitative research data through a twofold comparative approach. From the political perspective two similar political systems are compared. From the economic perspective, we compare a non-resource-rich economy such as Ethiopia with a resource-rich economy such as Angola. The degree of influence of socio-economic interventions by major external actors such as China, US and the EU to democratic consolidation, and vice versa, is examined as well as the repercussions of radical and gradual reforms. The findings of the study suggest that rapid economic transitions along with gradual political reforms in Ethiopia, Angola - and broadly in SSA - inevitably cause delays in socio-economic developments such as employment, inclusiveness and poverty alleviation. Structural external transition drivers in SSA such as debt, structural adjustment programs, subsidies, humanitarian aid and trade deficits seem to hamper its economic transitions than to facilitate its progress and non-dependency. These drivers lead to a vicious circle in most of the empirical examples of SSA. The strong hybrid developmental states of Ethiopia and Angola – despite their democratic progress - present more similarities to the developmental states of China or rest East Asia than to the Central Eastern European countries. In a certain degree, there are similarities also with cases of the Commonwealth of Independent States (CIS), which are still under Russia’s significant influence. The most context-specific parameters though, which concern Sub-Saharan Africa and diversify the states of Ethiopia and Angola from the existing interpretative scheme of transition theory are their high ethnic diversity and economic dependence from their external partners as well as their sui generis leadership. These parameters pose significant constraints to the diverse ethnic groups in their struggle for power and for their access to the natural resources. (shrink)

The article examines the peculiarities and modern specifics of the formation of ecological and economic security in Ukraine in the conditions of digitalization. It was determined that the lack of dynamic growth, the violation of the optimal balance and balance of the ecological and economic system are caused by the depletion of raw resources, a decrease in the overall potential of the environment, and the irrational use of natural resources. It has been proven that in the conditions (...) of digitalization, a new challenge for all enterprises is to ensure the ecological and economic efficiency of their activities, which combines the principles of transparency and openness in their functioning. It has been proven that the strategy of environmentally-oriented economic development should be aimed at solving environmental problems and preserving biological diversity. (shrink)

In today’s competitive job market, job seekers often struggle to find suitable employment due to limited support and fragmented resources across various platforms. The PGRKAM Web Application addresses these challenges by centralizing employment data into a single, user-friendly platform that enhances job search efficiency. The application consolidates job listings from multiple sources, offers real-time notifications, and provides personalized job recommendations. It is structured with a two-tiered service model: a free version offering access to job listings and essential search features, and (...) a subscription-based version providing advanced support, including performance analysis, personalized training suggestions, and a structured feedback system to continuously improve employability. Optimized for web access and designed to support regional economic growth, the PGRKAM Web Application empowers job seekers with relevant, real-time data, ultimately increasing their chances of securing meaningful employment in Punjab. (shrink)

(Expected) adverse effects of the ‘ICT Revolution’ on work and opportunities for individuals to use and develop their capacities give a new impetus to the debate on the societal implications of technology and raise questions regarding the ‘responsibility’ of research and innovation (RRI) and the possibility of achieving ‘inclusive and sustainable society’. However, missing in this debate is an examination of a possible conflict between the quest for ‘inclusive and sustainable society’ and conventional economic principles guiding capital allocation (including (...) the funding of research and innovation). We propose that such conflict can be resolved by re-examining the nature and purpose of capital, and by recognising mainstream economics’ utilitarian foundations as an unduly restrictive subset of a wider Aristotelian understanding of choice. (shrink)

The aim of the article. The aim of the article is to identify the components of social and economic systems life cycle. To achieve this aim, the article describes the traits and characteristics of the system, determines the features of social and economic systems functioning and is applied a systematic approach in the study of their life cycle. The results of the analysis. It is determined that the development of social and economic systems has signs of cyclicity (...) and is explained methodologically by the axiomatics, rules and laws. Understanding of circular patterns has been formed long ago and now is recorded by scientists monitoring the properties of natural and artificial environment of human activity. During the study, it was found out that in scientific literature there is no unified description of the life cycle elements of social and economic systems at personal, micro, meso, macro and global levels. The paper investigates the cyclical patterns in multilevel social and economic systems for a human, employee, family, product, company, city, industry, elite, macroeconomic indicators, humanity, global processes, global economic system and the Universe. It is noted that at grass-roots administrative levels of the global environment of a human life activity system, a thesis about the cyclicity of development and the stages of the life cycle is considered by a wide circle of scientists and is doubtless. On hierarchically higher management levels of the global environment of human activity system, the scientists noticed the similar patterns of the cyclical nature. Problematic and discussion questions about cyclic development of social and economic systems are identified: the uncertainty of the driving force source of repeated changes; the vague distinction between systemic (internal) and off-system (external) influence on development; the lack of a unified description of development nature at different managerial levels; the use of different descriptive terms for the same constituent elements of repeated changes (period, stage, phase, wave, cycle); the uncertainty of the number of repeated changes constituent elements; the absence of an identification mechanism of the exact time of changes in the constituent elements of repeated changes; the surface description of out-of-system period of the subjects activity («before-system» period of creation and «after-system» period of liquidation); attaching more importance to primary and less importance to ultimate component elements of the repeated changes; the lack of reliable mechanism for predicting and forecasting the dynamics of constituent components of repeated changes. It is noted that all social and economic systems are developed within repeated changes and they have the same attributes of cyclicity: the fluctuation of indicators is marked that characterize the condition of the subject; the presence of system (from creation to liquidation) and out-of-system (creation – «design» and liquidation – «disposal») periods are noted; the subjects are created by the actions of other subjects (that is, subjects do not arise «out of nowhere», but are the result of actions of other subjects – «constructors»); after cessation of subjects functioning, their resources are used by other subjects (that is, the subjects do not disappear «nowhere», and they are transformed into the resources of other subjects – «recovery»); a unidirectional life cycle from «birth» to «death» is observed in the subjects; the subjects do not have to undergo the whole life cycle (each time might be the last); the subjects display similar changes of the indicators during their activity; ascending, peak and descending fluctuations of indicators are observed in the subjects; minor fluctuations occur in the constituent elements; the subjects have individual nature of indicator fluctuations and duration of activity. Conclusions and directions of further researches. The scientific novelty of the study is identification structure of life cycle of social and economic system with definitions of: common («before-system state», «growth», «stabilization», «reduction», «after-system state») and specific («creation», «slow growth», «rapid growth», «growth stabilization», «short stabilization», «rapid reduction», «slow reduction», «liquidation») constituent elements of repeated changes; marginal borders of indicators; dynamics of constituent elements of life cycle; key points of changing nature of the indicators dynamics. Identification of the life cycle of social and economic systems characterizes potentially possible limits of their activity in time and provides the possibility of further research of aspects of the cyclical development for methodological basis formation and the development of applied measures of systemic development in the areas of marketing and management innovations. (shrink)

In the face of escalating environmental crises, the role of economics in shaping sustainable solutions has come under increasing scrutiny. Traditional economic paradigms, often grounded in the pursuit of growth and efficiency, have been criticized for neglecting the environmental costs of human activities. This disconnect between economic theory and ecological reality has prompted calls for a profound transformation in how economics is studied, taught, and applied. -/- Books on economics, as key instruments for disseminating knowledge and shaping (...) thought, hold a pivotal role in this transformation. By integrating interdisciplinary insights, challenging foundational assumptions, and prioritizing environmental sustainability, these texts can equip future economists and the broader public with the tools needed to tackle the planet’s most urgent challenges. But how can economics books effectively foster a sustainable future? How should their content, structure, and approach be to make them effective catalysts for ecological stewardship? -/- This study represents one of the first attempts to address these questions through a quantitative approach. Specifically, it analyzes Amazon’s book reviews of Better Economics for the Earth: A Lesson from Quantum and Information Theories to identify factors that stimulate and influence readers’ perceptions of economics and the environment. (shrink)

Capacity-building projects are crucial for developing the skills of indigenous communities, fostering sustainable business growth, and empowering individuals. However, women in the Higaonon community had limited access to modern technologies and business management training. To address this gap, a project was implemented by the Non-Timber Forest Products- Exchange Programme (NTFP-EP), in collaboration with the Food Technology Department of Bukidnon State University. After several years of implementation, the project’s impact on the community remained uncertain. To evaluate this impact, a convergent (...) mixed-methods research study was conducted to assess the project’s impact on the socioeconomic well-being of Higaonon women and the effectiveness of the trainings in enhancing their financial management and technology operation and maintenance skills. The study was grounded in the theory of change framework. Participants were members of a Higaonon women-led social enterprise. Descriptive analysis revealed that the trainings were highly effective in addressing the women’s capacity- building needs. Thematic analysis yielded four relevant themes: empowerment and improved livelihoods, capacity building and skill development, challenges and opportunities, and community development and sustainability. A joint display analysis further confirmed that the trainings’ effectiveness aligned with the capacity building and skill development theme. These enhanced skills empowered women, improved their livelihoods, and opened new opportunities to overcome challenges. The improved financial literacy, technical skills, and business management capabilities have the potential to contribute to the long-term sustainability and prosperity of the community. Future research could explore the scalability of this social impact to inform policy and practice in community-based enterprise development. (shrink)

This data collection comprises of Amazon reviews of the book titled “Better Economics for the Earth: A Lesson from Quantum and Information Theories.” These reviews will be analyzed and updated to identify factors that stimulate and influence readers’ perceptions of economics and the environment. Better Economics for the Earth is a groundbreaking work that reimagines the field of economics through the lenses of quantum and information theories. It introduces a transformative framework for understanding and addressing environmental challenges, offering a redefined (...) concept of value that goes beyond traditional paradigms of growth and profit. The book also emphasizes the concept of eco-surplus culture, which facilitates societal transitions toward a sustainable economic paradigm. (shrink)

This paper investigated "The Parable of the Talents and Economic Management: Lessons for the Nigerian Nation." The subject matter of economic management in Africa in general and Nigeria, in particular, is one that concerns nearly every discipline, and which has inevitably lent itself to much pontification by economist and non-economist alike. Nigeria evolved as a nation-state in 1914 due to the amalgamation of diverse independent nationstates by the British under Lord Frederick Lugard. Since then, it has evolved different (...) economic principles, especially with the discovery of oil in Oloibiri. Historically, the Nigerian economy showed early signs of growth but is currently in a state of recession irrespective of all the economic policies by different administrations. This is contingent on mismanagement of the country's economic and human resources. The main issue that should be in the mind of researchers now is not the inevitability of recession, but its cure and how to recover from it. It is on this note that this paper looked at the Parable of the Talents according to Matt. 25:14-30 using the principle of exegesis in the interpretation of the text. It anchors its submission using the principle of accountability and Maslow's theory of motivation to chart the pathway for the management of the Nigerian economy. The paper concluded that for the proper management of Nigeria's economy there must be accountability, motivation, dignity of labour and giving of appointments base on the capacity of a worker. (shrink)