Economic Development and Growth - Foundations and Frontiers (2024)

The book will explore the dimensions and the deeper sources of economic development and growth, including those critical forces that drive global economies in our complex world. It will explain the essential role of culture and institutions in economic life and analyze how cultures are combined with institutional structures to produce economic behavior. This leads to examining how cultural and institutional backgrounds coevolve, affect economic outcomes, and generate sustainable growth.The book will also address the impacts of uncertainty and expectations on economic development, analyzing the effects of economic uncertainty and risk on macroeconomic outcomes. Exploring expectations' role in shaping economic outcomes, the book will provide insights into managing economic uncertainty and risk. Moreover, the determinants driving economic transformation in modern times are critical to the book. The book will examine how technological progress and innovation drive growth and productivity. It will demonstrate how technological progress can enable economic advances, spark innovation, productivity, and efficiency, and help economies prosper in a rapidly globalized world. The book will illustrate the financial mechanisms essential for economic development and growth, presenting the role of investments, capital markets, and financial inclusion through sustainability-oriented lenses. This approach, combined with analyzing different economic policies and their impact on investment climates, demonstrates the importance of strategic financing to achieve sustainable economic development and growth.

In addition, the book will stress that sustainable development and growth will come through the introduction of environmental, social, and governance (ESG) principles into dialogues on long-term resilience and sustainability. It will examine economic strategies that balance economic development, social responsibility, and environmental concerns. The book will also stress the importance of human capital, health, and education in economic development. It will examine how education, skilling, and good health can augment workforce competencies to elevate economic empowerment. It will present how investment in human beings is essential for a roadmap toward sustainable progress. The main goal of this book will be to provide new insights into the complex links between diverse factors affecting economic development and growth. The book will serve as a comprehensive vision of economic dynamics by integrating insights from cultural, institutional, technological, financial, sustainable, educational, and uncertain perspectives. It hopes to provide those engaged in policymaking, research, and practice with the insights and tools necessary for developing appropriate economic strategies that can address challenges in the short, medium and long term in an ever-changing world. It will aim to provide new perspectives and solutions for current economic development and growth issues, which can further enrich discussions in the area with analytical rigor derived from interdisciplinary perspectives.

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