INTEGRATED ECONOMIC STRATEGIC DEVELOPMENT: TRANSFORMATION FOR SUSTAINABLE GROWTH
Keywords:
Economic Development, Strategic Planning, Sustainability, Innovation, Global Economy, Adaptive Policies, Case Studies, Integrated Strategies, Inclusivity, Resilience.Abstract
This research delves into the intricacies of integrated economic, strategic development, seeking to provide a roadmap for nations navigating the complexities of the contemporary global economic landscape. Through a mixed-methods approach encompassing qualitative and quantitative analyses, the study identifies critical challenges, ranging from economic downturns to geopolitical uncertainties, while concurrently illuminating opportunities inherent within these challenges. Successful case studies and global lessons are examined to distill insights into effective economic development strategies, emphasizing the need for context-specific approaches. Strategic planning emerges as a critical component, calling for establishing clear short-term and long-term goals and formulating adaptive implementation strategies. A robust mechanism for measurement and evaluation, encompassing success criteria and performance metrics, is proposed. The findings underscore governments' need to adopt proactive policies that foster innovation, technological advancements, and sustainability. The private sector is urged to embrace adaptability and collaboration, while society benefits from inclusive policies prioritizing education and social safety nets.
References
Adams, R. J., Smart, P., & Huff, A. S. (2017). Shades of grey: guidelines for working with the grey literature in systematic management and organizational studies review. International Journal of Management Reviews, 19(4), 432-454.
Androniceanu, A., Kinnunen, J., & Georgescu, I. (2021). Circular economy as a strategic option to promote sustainable economic growth and effective human development. Journal of International Studies (2071-8330), 14(1).
Cagnin, M. I., & Nakagawa, E. Y. (2021). Towards dynamic processes-of-business processes: a new understanding. Business Process Management Journal, 27(5), 1545-1568.
Coe, N. M., & Yeung, H. W. C. (2015). Global production networks: Theorizing economic development in an interconnected world. Oxford University Press.
de Oliveira, R. T., Ghobakhloo, M., & Figueira, S. (2023). Industry 4.0 towards social and environmental sustainability in multinationals: Enabling circular economy, organizational social practices, and corporate purpose. Journal of Cleaner Production, 139712.
Filipishyna, L., Hryshyna, L., Zhuvahina, I., Ponedilchuk, T., & Paska, I. (2020). Model scenarios of sustainable development strategy in formulating mechanisms for enterprise support resources. Intellectual Economics, 14(1), 31-44.
Giudice, F., Caferra, R., & Morone, P. (2020). COVID-19, the food system and the circular economy: Challenges and opportunities. Sustainability, 12(19), 7939.
Gomes, O., & Gubareva, M. (2021). Complex systems in economics and where to find them. Journal of Systems Science and Complexity, 34, 314-338.
Gorski, A. T., Ranf, E. D., Badea, D., Halmaghi, E. E., & Gorski, H. (2023). Education for sustainability—Some bibliometric insights. Sustainability, 15(20), 14916.
Henry, A. (2021). Understanding strategic management. Oxford University Press.
Johnson, D. S. (2020). Public versus private employees: A perspective on the characteristics and implications. FIIB Business Review, 9(1), 9-14.
Kumar, A., Shrivastav, S. K., & Bhattacharyya, S. (2023). Measuring strategic fit using big data analytics in the automotive supply chain: a data source triangulation-based research. International Journal of Productivity and Performance Management, 72(10), 2977-2999.
Lăzăroiu, G., Ionescu, L., Uță, C., Hurloiu, I., Andronie, M., & Dijmărescu, I. (2020). Environmentally responsible behavior and sustainability policy adoption in green public procurement. Sustainability, 12(5), 2110.
Malesios, C., Skouloudis, A., Dey, P. K., Abdelaziz, F. B., Kantartzis, A., & Evangelinos, K. (2018). Impact of small‐and medium‐sized enterprises sustainability practices and performance on economic growth from a managerial perspective: Modeling considerations and empirical analysis results. Business strategy and the environment, 27(7), 960-972.
Malik, K., Mach, L., Szewczuk-Stepien, M., & Bebenek, P. (2020). Specialization integrated strategy of innovations: an effective model for emerging regional economy development?
Ojha, D., Patel, P. C., & Sridharan, S. V. (2020). Dynamic strategic planning and firm competitive performance: A conceptualization and an empirical test. International Journal of Production Economics, 222, 107509.
Opute, A. P., Kalu, K. I., Adeola, O., & Iwu, C. G. (2021). Steering sustainable economic growth: entrepreneurial ecosystem approach. Journal of Entrepreneurship and Innovation in Emerging Economies, 7(2), 216-245.
Ozcan, B., Tzeremes, P. G., & Tzeremes, N. G. (2020). Energy consumption, economic growth and environmental degradation in OECD countries. Financial Modelling, 84, 203-213.
Radianti, J., Majchrzak, T. A., Fromm, J., & Wohlgenannt, I. (2020). A systematic review of immersive virtual reality applications for Higher Education: Design elements, lessons learned, and research agenda: computers & Education, 147, 103778.
Shpak, N., Kulyniak, I., Gvozd, M., Vveinhardt, J., & Horbal, N. (2021). Formulation of development strategies for regional agricultural resource potential: The Ukrainian case. Resources, 10(6), 57.
Silalahi, M. S., & Walsh, S. (2023). Analyzing government policies addressing unemployment and empowering workers: Implications for economic stability and social welfare. Law and Economics, 17(2), 92-110.
Stiglitz, J. E. (2020). Rewriting the rules of the European Economy: An agenda for growth and shared prosperity. WW Norton & Company.
Tamasiga, P., Molala, M., Bakwena, M., Nkoutchou, H., & Onyeaka, H. (2023). Is Africa Left Behind in the Global Climate Finance Architecture: Redefining Climate Vulnerability and Revamping the Climate Finance Landscape—A Comprehensive ReviewSustainabilityty, 15(17), 13036.
Teece, D. J. (2019). A capability theory of the firm: an economics and (strategic) management perspective. New Zealand Economic Papers, 53(1), 1-43.
Vishnevskiy, K., Karasev, O., & Meissner, D. (2015). Integrated roadmaps and corporate foresight as tools of innovation management: the case of Russian companies. Technological Forecasting and Social Change, 90, 433-443.
Weisgrau, M., Rosman, A., & Rubel, P. G. (2023). The tapestry of culture: An introduction to cultural anthropology. Rowman & Littlefield.
Williams, M., & Moser, T. (2019). The art of coding and thematic exploration in qualitative research. International Management Review, 15(1), 45-55.
Yuan, J., Xie, H., Yang, D., Xiahou, X., Skibniewski, M. J., & Huang, W. (2020). Strategy formulation for the sustainable development of smart cities: A case study of Nanjing, China. International Journal of Strategic Property Management, 24(6), 379-399.
Zoomers, A., Van Noorloos, F., Otsuki, K., Steel, G., & Van Westen, G. (2017). The rush for land in an urbanizing world: From land grabbing toward developing safe, resilient, and sustainable cities and landscapes. World Development, 92, 242-252.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE © 2023 by Adisam Publisher is licensed under CC BY-SA 4.0
