Energy Fundamentals Series

2018 ◽  

Energy is an important factor for socio-economic development of any country. Economic development in developed and developing countries is impossible without energy. Various studies have shown that important energy issues are seriously taken into account in different countries in current circumstances including providing enough energy to meet human needs, attaining a minimum economic growth, solving regional environmental problems, increasing energy efficiency and supply of needed capital for investment in the energy sector. Energy management program has been implemented in different countries since early 1970s. This program consists of macro policies in the energy sector to reduce organizing energy demand, development of proper organizations, legislation of necessary laws and regulations and implementation of management programs.

2021 ◽  
Vol 12 (5) ◽  
pp. 71
Author(s):  
Okpuvwie Ejuvweyere Jonathan ◽  
Akinyede Joseph Olusola ◽  
Tohozin Coovi Aime Bernadin ◽  
Toko Mouhamadou Inoussa

Crime is as old as man and it exists in every society in respective of its level of development. The rate at which criminals operate unhindered in most societies especially in developing countries around the world is worrisome. Crime creates fear and untold suffering among people. Crime often stands as a barrier to socio-economic growth of society, discourages investment, increases the cost of transactions and ultimately fuel migration which eventually creates economic development disparities around the world. The aim of this study is to analyze the manifestation of crime the world over with a view to intimating government of all countries to have a firm control of all criminal activities in their respective countries for a better society. The approach methodology is based on a literature review of scientific journals and reports. Secondary data were sourced from both published and unpublished works as the study applies descriptive method. The main results showed various manifestations of crimes such as banditry, kidnapping, rape, stealing and murder among others. Therefore, crime fuels corruption and destabilizes development of any society.  In conclusion, crime knows no boundary nor personality as it affects people at all levels. This sad activity will continue to be a major factor of lack of socio-economic development if no strong action is taken by governments to effectively tackle the activities of criminals, terrorists and bandits around the world.   Received: 14 May 2021 / Accepted: 5 August 2021 / Published: 5 September 2021


Author(s):  
Y. K. Zaytsev

The article discusses the role of international trade in promoting economic growth and socio-economic development of the poorest countries. The analysis of foreign trade statistics shows that the modality of the relationship between trade and economic development has changed, depending on a large number of factors, including tariff and non-tariff such measures. In the first part of the article the author examines the theoretical concepts that describe the impact of international trade on the socio-economic development of the poorest countries. Having analyzed a wide range of literature, the author identifies two approaches to the understanding the issue, "old" one establishing a direct link between trade, economic growth and long-term development, and the "new" one problematizing this link. The second part of the paper examines the place of protective measures for trade in developing countries. It shows that the removal of the protective measures as a result of trade liberalization does not always go for the benefit of developing countries. The last part of the article evaluates the impact of protective measures on trade and economic development in the poorest countries on the basis of total trade restrictions index. The author comes to the conclusion that international trade and the strengthening of export potential should be a tool, but not the key objective of national economic policy of the poorest countries.


Author(s):  
Shahid Akbar ◽  
Ali Raza ◽  
Zahid Raza

This study aims to assess the impact of Greenfield-Foreign Direct Investment (FDI) inflows on the socio-economic development of ten developing countries. Developing economies rely on investment from developed countries, especially Greenfield investment. Greenfield investment is the new capital inflow to the host country's economy that helps to improve economic activities, boosts economic growth, and improves socio-economic welfare. This study has used Greenfield investment as the target-independent variable and other controlled variables remittances, aid, inflation, population, and trade openness. At the same time, socio-economic development, health, economic growth, and education are dependent variables. For this purpose, Pooled Mean Group (PMG) technique/Panel Autoregressive-Distributed Lag (ARDL) has applied for estimation purposes from 1990 to 2017. The empirical findings have shown that Greenfield-FDI has a long-term statistically significant and positive effect on economic growth, health, education, and socio-economic development. In comparison, remittances and official development assistance have positive and negative impacts on the study's dependent variables. The population also has a positive effect, whereas inflation and trade have mixed results. Outcomes of this study advise that policymakers should adopt attractive investment policies to enhance more foreign investment and utilize it efficiently, thereby promoting sustainable development. The government should announce firms to invest in human capital, which will impact productivity.   


Author(s):  
Davinder Singh ◽  
Jaimal Singh Khamba ◽  
Tarun Nanda

Micro, Small and Medium Enterprises (MSMEs) have been noted to play a significant role in promoting economic growth in less developed countries, developing and also in developed countries. Worldwide, the micro and small enterprises have been accepted as the engine of economic growth of any nation. Small and Medium Enterprises are the backbone of the economies, because it trigger employment, output, export, poverty alleviation, economic empowerment, economic development etc. in developed as well as in developing countries. It is more important to developing countries as the poverty and unemployment are burning problems. MSMEs have been playing a momentous role in overall economic development of a country like India where millions of people are unemployed or underemployed. Therefore, the growth of small sectors is essential for the growth in the GDP, employment generation, total manufacturing production and export. India, being one of the fastest growing economies of the world, needs to pay an honest attention for the utmost growth of MSMEs for its increased contribution in above areas.


2013 ◽  
Vol 448-453 ◽  
pp. 4319-4324
Author(s):  
Sheng Wang ◽  
Chun Yan Dai ◽  
En Chuang Wang ◽  
Chun Yan Li

Analyzed the dynamic interaction characteristics of Chongqing Economic growth and energy consumption between 1980-2011 based on vector auto regression model, impulse response function. The results showed that: 1 Between the Chongqing's economic growth and energy consumption exist the positive long-term stable equilibrium relationship, Chongqing's economic development depending on energy consumption is too high, to keep the economy in Chongqing's rapid economic development, energy relatively insufficient supply sustainable development must rely on the energy market, which will restrict the development of Chongqing's economy. 2At this stage, Chongqing continuing emphasis on optimizing the industrial structure to improve energy efficiency at the same time, the key is to establish and improve the energy consumption intensity and total energy demand "dual control" under the security system, weakening the energy bottleneck effect on economic growth.


Author(s):  
Anna Smahliuk ◽  
◽  
Tetiana Pokotylo ◽  

The article explores the factors that allow the economies of the countries of the world to achieve sustainable economic growth at different stages of the country's economic development, depending on the level of GDP per capita. Among which are highlighted: basic factors, efficiency factors and innovative factors. For the Ukrainian economy, which is at the stage of focusing on efficiency, the issues of the place, significance and level of economic complexity of the Ukrainian economy and ensuring sustainable economic growth on this basis are considered. Economic diversification and complexity are defined as key drivers of long-term growth. The dynamics of the index of economic complexity in Ukraine is analyzed, modern trends are revealed. Directions and strategic approaches to the diversification of national production are proposed, which could have a significant multiplier effect, increase the complexity and level of knowledge in the economy. It also provides evidence on the relationship between socio-economic development, values of self-expression and democratic institutions. The conclusion is formulated: socio- economic development leads to the spread of the values of self-expression, and they, in turn, to the establishment and strengthening of democratic institutions.


Author(s):  
Elena Pekhtereva ◽  

The review examines the results of the December 2020 official census of the population of China, the most populous country in the world. It is noted that the Chinese government is seriously concerned about the low rate of population growth. The authorities fear that a slowdown in population growth and its aging while the size of the labour force is decreasing may seriously slow down economic growth. The opinions and statements of analysts on the prospects of the demographic situation in China in the context of its socio-economic development are presented.


2019 ◽  
Vol 11 (5) ◽  
pp. 50
Author(s):  
Bikrat Fatiha ◽  
Mohamed Karim

Energy management is a major issue in economic development that goes hand in hand with sustainable development. The objective of this study is to analyze the determinants of energy demand in Morocco during the period 1990-2016. For years to come, energy demand has tended to grow. As a result, it is important to understand the key determinants of energy demand through the analysis of three independent variables: gross domestic product (GDP), access to electricity and direct foreign investment. The approach adopted is to use an Error Correction Vector Model (VECM). Empirical results show that energy demand in Morocco is linked to real causes, which are GDP, access to electricity and foreign direct investment.


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