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Development Economics and Social Resilience: Perspectives for Sustainability with or without COVID-19

A special issue of Sustainability (ISSN 2071-1050).

Deadline for manuscript submissions: closed (31 December 2021) | Viewed by 21591

Special Issue Editor


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Guest Editor
Department of Economics, University of Minho, Braga, Portugal
Interests: monetary policy; fiscal policy; policy mix; public finances; game theory; economic policy; corporate investments and financial system stability
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Economic development impacts all of our actions—from our role as consumers to our role as producers, managers, or income distributors. Thus, this Special Issue intends to elaborate on how, within the current discussions, such changes in consumption and production processes, as well as in the distribution of resources, have arisen both in emerging economies (such as Brazil, China, etc.) and in industrialized economies in the early moments of the Industrial Revolution (Europe, North America, etc.).

Another aspect to consider here is the COVID-19 pandemic the world has experienced in the last few months, and how it has affected the tenets of Economics Science. Various authors have already described the inadequacy of the economic models of the most cited works as well as of the “mainstream” currents, and several have criticized the difficulty of these “mainstream” models in explaining how populations have reacted to the COVID-19 pandemic and how the various economic agents have sought benefits under so many restrictions, but also how new exercises in citizenship of public powers and of citizens’ associations have emerged.

 This Special Issue intends to discuss these two types of contributions together. On the one hand, the economic development strategies that have emerged in recent decades, supported by micro-initiative, micro-entrepreneurship, small and medium-sized enterprises, and Social Economy initiatives, are welcome here; however, we also expect the focus to be on the many challenges and emerging opportunities that COVID-19 has brought to all economies together and to each economy individually, as well as to each economic agent or each group of agents (be they producers, consumers, taxpayers, states, non-profit organizations, etc.). We are seeking theoretical, empirical, and critical contributions.

 The Editors of this Special Issue recognize that economic development is about improving living conditions and human rights for every person. Thus, if one of the traditional “inputs” for such an improvement in living conditions goes through economic growth, other “inputs” are identified—the quality of democratic participation, the governance of States, or the pattern of distribution of resources (among them, income, public health, cultural consumption, and education), as highlighted by the vast literature on the topic. However, pandemic scenarios associated with COVID-19 have come to show us how the accumulated discussion on these topics has neglected the impact of regional/global pandemics on these development processes. Questions emerge in these scenarios—how do lockdowns influence and impact production and income flow? What instruments can leverage the savings and investment channels? Will we need new instruments and new actors for economic development? How have pandemics affected public governance and citizens’ rights (but also consumers’, producers’, and workers’ rights)? These are just some of the issues emerging in this challenging period. This Special Issue, therefore, invites all interested scholars to submit articles that seek to discuss these topics.

Prof. Dr. Paulo Reis Mourão
Guest Editor

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Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • development economic
  • COVID-19
  • emerging economies
  • social resilience
  • nonprofit organizations
  • crisis management
  • human resource management
  • development change
  • world governance indicators

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Published Papers (6 papers)

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Research

40 pages, 1594 KiB  
Article
Determinants of Inclusive Growth in the Context of the Theory of Sustainable Finance in the European Union Countries
by Joanna Stawska and Małgorzata Jabłońska
Sustainability 2022, 14(1), 100; https://doi.org/10.3390/su14010100 - 22 Dec 2021
Cited by 9 | Viewed by 5345
Abstract
The aim of the article is to identify a degree of inclusive growth and to examine the influence of determinants of inclusive growth in the European Union (EU-27) countries, with particular emphasis on factors related to the influence of governments and central banks. [...] Read more.
The aim of the article is to identify a degree of inclusive growth and to examine the influence of determinants of inclusive growth in the European Union (EU-27) countries, with particular emphasis on factors related to the influence of governments and central banks. The study took advantage of the weight correlation method, which was used to build an inclusive growth measure for the EU-27 for the years 2000, 2008, and 2020. For the construction of the inclusive growth rate, 42 factors were selected that affect inclusive growth in the economic, financial, and non-wage area. These determinants are found in the area of the influence of economic authorities, and mainly in the area of authorities responsible for conducting monetary and fiscal policy and general governance. On the basis of the built-up indicator of inclusive growth, it was noticed that among the 27 EU countries in the studied three years, only four countries distinguished themselves with the highest inclusive growth over the last 21 years, these are: Denmark, Luxembourg, Sweden, and Finland. On the other hand, invariably, three countries recorded the lowest inclusive growth, i.e., Bulgaria, Croatia, and Romania. The added value of the structure of the inclusive growth indicator was a possibility to observe which of the three areas: economic, financial, or non-wage, had a significant impact on the position of a given country in the compiled inclusive growth ranking. Full article
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15 pages, 929 KiB  
Article
Governance Trends among New EU Member States: Is There Institutional Convergence?
by Valentina Vučković, Ružica Šimić Banović and Martina Basarac Sertić
Sustainability 2021, 13(24), 13822; https://doi.org/10.3390/su132413822 - 14 Dec 2021
Cited by 1 | Viewed by 2053
Abstract
The main objective of this paper is to explore the institutional convergence of Central and Eastern European Union member countries as a possible consequence of both the transfer of selected Western formal institutions to those countries and the adoption of acquis communautaire. [...] Read more.
The main objective of this paper is to explore the institutional convergence of Central and Eastern European Union member countries as a possible consequence of both the transfer of selected Western formal institutions to those countries and the adoption of acquis communautaire. This issue dates back to the beginning of the 1990s when the predominant expectation was that the successful formal institutions in Western countries would yield the same results in transition countries. In the meantime, mainly because of informal constraints, this has shown to be a misconception in most cases. The methodology used in the paper is twofold. First, by means of descriptive statistics, and using the varieties of capitalism approach, we show that, when analysing institutional quality using the Worldwide Governance Indicators (WGI), there are two divergent groups of EU countries. The first group consists of Liberal, Nordic, and Continental countries, and the second consists of Mediterranean and CEE member states that are further divided into liberal and coordinated market economies. Second, based on the calculation of the σ- and unconditional β-convergence of governance trends in the period 1996–2019, we empirically confirm that there are also variations within the CEE countries as well as within the specific dimensions of governance. Full article
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14 pages, 298 KiB  
Article
The Impacts of Socioeconomic Crisis in Portugal on Social Protection and Social Work Practices
by Inês Casquilho-Martins
Sustainability 2021, 13(23), 13198; https://doi.org/10.3390/su132313198 - 29 Nov 2021
Cited by 2 | Viewed by 2592
Abstract
The effects of the international crisis brought economic and financial risks, as well as consequences for human, social and sustainable development. This study aims to analyse the effects of social intervention with families since the 2008 crisis in Portugal. Through a qualitative approach, [...] Read more.
The effects of the international crisis brought economic and financial risks, as well as consequences for human, social and sustainable development. This study aims to analyse the effects of social intervention with families since the 2008 crisis in Portugal. Through a qualitative approach, we conducted semi-structured interviews with social workers (23), to identify the main impacts of the crisis and the adopted social intervention practices. We highlight a new increase in social problems and the growth of vulnerable groups facing an unprepared social protection system. The Portuguese case reveals that the effects of austerity have shown a decline in the welfare and benefits system, leading to worsened social problems, such as increased poverty and unemployment, as well as social inequalities. Social Work was required to respond to these consequences, although organisational contexts and austerity measures constrained practitioners’ autonomy. By reflecting on this critical period, we seek to contribute to better social protection and assistance models in the face of the current and future crisis. In this sense, Social Work practice ensures a means to guarantee fundamental rights and social justice, preparing social workers and social intervention for new challenges in crisis contexts. Full article
21 pages, 331 KiB  
Article
How Economic Development Influences Entrepreneurial Networks-Dissecting Reasons for the Birth, Development and Death of Local Development’s Agents
by Marco Antonio Pinheiro da Silveira, Paulo Jorge Reis Mourão and Thaís Helena Perciavali Telmo Rodrigues
Sustainability 2020, 12(21), 8885; https://doi.org/10.3390/su12218885 - 26 Oct 2020
Cited by 1 | Viewed by 1752
Abstract
This case study will reflect upon the experience of important agents for local development—the Local Productive Arrangement (APL) composed by South American companies in the sector of wedding parties. This work will then reflect how Economic Development creates—but also may destroy—entrepreneurial networks. Data [...] Read more.
This case study will reflect upon the experience of important agents for local development—the Local Productive Arrangement (APL) composed by South American companies in the sector of wedding parties. This work will then reflect how Economic Development creates—but also may destroy—entrepreneurial networks. Data were observed by interviews with 30 businessmen participating in the Local Productive Arrangement. In 2009, the APL received support from Brazilian Service of Support to Micro and Small Companies (SEBRAE), which has been supporting several APL since 2002. However, starting in 2012, membership and motivation began to diminish, and in 2014, despite efforts made by the association’s president, the board decided to close it. This experience motivates several insights about how an entrepreneurship network evolves because this case study has been a pioneering case in Brazil. The analysis of the case offers an observation of the benefits of creating the association as well as the difficulties and challenges involved in the initiative. Full article
25 pages, 3354 KiB  
Article
Circular Economy and Economic Development in the European Union: A Review and Bibliometric Analysis
by Vítor Domingues Martinho and Paulo Reis Mourão
Sustainability 2020, 12(18), 7767; https://doi.org/10.3390/su12187767 - 20 Sep 2020
Cited by 29 | Viewed by 6047
Abstract
Increased changes in the climate and ecosystems call for a sustainable economic development, where economic growth should be compatible with the environment goals. In order to do this, it is urgent to find new ways of life and new production systems that make [...] Read more.
Increased changes in the climate and ecosystems call for a sustainable economic development, where economic growth should be compatible with the environment goals. In order to do this, it is urgent to find new ways of life and new production systems that make our ecological footprint compatible with global sustainability. The concept of the circular economy has brought relevant contributions to this problem. The central objective of the study presented here is to highlight the main insights presented through scientific literature about the concept of the circular economy within the European Union. In practice, the intention is to show what has already been done about this topic and what can/should be implemented in the future. To achieve these objectives, 144 articles were considered from the Web of Science (Core Collection) for the topics “circular economy” and “European Union”. These documents were, firstly, analysed through a proper literature review and later explored through bibliometric analysis, considering bibliographic data and the VOSviewer software. As the main findings have revealed, the increased importance of this concept within the European Union is recognized. However, this paper also identifies several challenges in the literature, namely the concentration of the identified publications in certain countries, organizations, and authors. Full article
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15 pages, 258 KiB  
Article
Economic Development and Changes in Human Resource Management in a Sustainable Agricultural Sector: Recent Evidence from Brazilian Sugar–Alcohol Companies
by Paulo Mourao, Edson Kubo, Isabel Santos and Valeria Mazucato
Sustainability 2020, 12(18), 7559; https://doi.org/10.3390/su12187559 - 14 Sep 2020
Cited by 4 | Viewed by 2586
Abstract
Economic development causes significant changes in the innovative processes of resource management. The purpose of this article is to discuss the sustainability of resource management in sugar–alcohol companies operating in the most productive areas of Brazil and to analyze the profile of the [...] Read more.
Economic development causes significant changes in the innovative processes of resource management. The purpose of this article is to discuss the sustainability of resource management in sugar–alcohol companies operating in the most productive areas of Brazil and to analyze the profile of the companies in the sector in terms of innovation and adherence to practices of human resource management. The methodological procedures were based on qualitative research. Data collection was directed toward the population of companies in the sector of cane brandy production, having as the main criteria representativeness of human resource management and to be active. The results indicate that human management tends to be traditional in spite of several current economic challenges. The conclusions also highlight that the most highly mechanized companies are those that have adhered to strategic policies and practices, and that the traditional model of human management prevails in more than 70% of companies. Full article
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