THE IMPACT OF DISPROPORTIONATE DEVELOPMENT OF COUNTRIES ON THEIR READYNESS FOR TRANSFORMATIONS WITHIN THE IMPLEMENTATION OF THE SUSTAINABLE DEVELOPMENT CONCEPT: А HYPOTHETICAL APPROACH

Authors

DOI:

https://doi.org/10.15330/apred.1.17.22-32

Keywords:

concept of sustainable development, green economy, circular economy, eco-innovation, decoupling, correlation, global indices

Abstract

The article raises the issue of the world's readiness for transformations, which involves the implementation of the generally accepted concept of sustainable development, based on complex modified socio-economic processes: the transition to green, low-carbon, circular economy based on eco-innovation and decoupling, which minimizes dependence on economic costs of non-renewable natural resources.

It is hypothesized that sustainable development is more involved in developed countries with a high standard of living, leaders in globalization, as their production has long been not placed within national borders and that is why their capital migrated to other countries in search of cheaper factors of production, maximizing economic benefits and expanding their political influence. The primary needs of the population of developed countries are more satisfied, and therefore the needs of the highest level dominate, cultivate universal values ​​and public good, which motivates them to actively develop the processes of economic greening, taking care of our planet fate as a legacy for future generations.

The aim of the study is to identify the correlation between the standard of living of the countries and the degree of their involvement in the implementation of the sustainable development concept.

To confirm the hypothesis, based on the method of calculating the correlation coefficient of Fechner, the correlation between the standard of living of the country and the degree of its involvement in sustainable development on the basis of ratings on GDP at purchasing power parity per capita as an indicator of living standards and global indices that reflect and characterize the economic, environmental, innovation and social components of such processes.

The results of the study showed a direct noticeable relationship between living standards and the degree of involvement in sustainable development for the most developed countries, as well as a direct relationship with very high density for the least developed countries, which serves as a reason for further deeper study of this problem to ensure the successful implementation of the concept of sustainable development in the world and at the level of nation states.

Author Biography

L. V. Korolchuk , Lutsk National Technical University, Business Faculty, Kovalevska str., 29, Lutsk, 43000

PhD in Economics,associate professor

References

1. Resolution adopted by the General Assembly on 25 September 2015. Transforming Our World: The 2030 Agenda for Sustainable Development. UN. General Assembly. UN. General Assembly, documents-dds-ny.un.org/doc/UNDOC/GEN/N15/291/92/PDF/N1529192.pdf?OpenElement. Accessed 26 Apr. 2021.
2. Daly, H. “Economics in a full world.” Scientific American, September, 2005, www.steadystate.org/wp-content/uploads/Daly_SciAmerican_FullWorldEconomics(1).pdf. Accessed 26 Apr 2021.
3. Kates R., Parris T., and A. Leiserowitz. “Great Transition Values: Present Attitudes, Future Changes.” GTI Paper Series, no. 9, 2006, www.greattransition.org/archives/papers/Great_Transition_Values.pdf. Accessed 26 Apr 2021.
4. Rifkin, J. The Empathic Civilization: The Race to Global Consciousness in a World in Crisis. Penguin Group (USA) Ink., , New York, 2009, empathiccivilization.com/read/ Accessed 26 Apr 2021.
5. Pauli, G. Blue Economy-10 Years, 100 Innovations, 100 Million Jobs. Grafiche Nordest, 2012, www.management.com.ua/books/view-books.php?id=1265. Accessed 26 Apr 2021.
6. Raskin, P. “The Great Transition Today: A Report from the Future.” GTI Paper Series, no. 2, 2006, www.greattransition.org/archives/papers/The_Great_Transition_Today.pdf. Accessed 26 Apr 2021. [in English].
7. Bagal, J. M. “Ecologic economcs.” Efficiency of public administration, v.3: art. 11, ekmair.ukma.edu.ua/bitstream/handle/123456789/2427/Bazhal_Ekolohichna_ekonomika.pdf;jsessionid=C24497E5AC32B09F71416A8FC920850F?sequence=1. Accessed 26 Apr 2021.
8. Gerasymchuk, Z. Regional policy of sustainable development: theory, methodology, practice, Lutsk, Nadstyrja. 2008.
9. Karpinskyj, B. A., Vasylkiv, I.M., Shevciv, A.B., and O.B.Karpinska “Model of sustainable economic development: formation and comparative dynamics of changes. Part II” Scientific Bulletin NLTU of Ukraine, vol. 26.2, 2016, pp. 7-21.
10. Kulchyckyij, J. V., Kulchycka, B.V., and S.M.Panchyshyn. “Greening of economic systems as a determining dominant of paradigmatic changes in the economic theory of the XXI century.” Scientific Bulletin NLTU of Ukraine. Lviv: ED NLTU of Ukraine. 2018, V 9 .P. 16-20.
11. Milanovic B. Global Income Inequality in Figures: Throughout History and Present: An Overview: Dokl. to the XV Apr. int. scientific. conf. on the problems of economic and social development, Moscow, 1-4 Apr. 2014. Moscow, Publishing house of the highest school of economics, 2014,www.hse.ru/data/2014/03/25/1318951648/%D0%9C%D0%B8%D0%BB%D0%B0%D0%BD%D0%BE%D0%B2%D0%B8%D1%87-%D1%82%D0%B5%D0%BA%D1%81%D1%82.pdf. Accessed 26 Apr 2021.
12. Opalko, V. “Diagnosis of socio-economic inequality in the global dimension.” Economy and Society, no.17, 2018, pp. 37-45, economyandsociety.in.ua/journals/17_ukr/6.pdf. Accessed 26 Apr 2021.
13. Sulima, E. “Sources of global social inequality and ways to overcome the polarization of global society.” Zhytomyr Ivan Franko State University Journal, no.18, 2004, pр.64-67, ekmair.ukma.edu.ua/bitstream/handle/123456789/8199/Sulima_Dzherela_hlobalnoi.pdf. Accessed 26 Apr 2021.
14. Kolot, A., and O. Gerasymenco. “Global social income inequality: nature, trends, consequences..” Socio-labor Relations: Theory and Practice, 2017, no. 2 (14), pp. 8-47.
15. World Economic Outlook Database, April 2019, International Monetary Fund. Database updated in April 2019. Accessed on 12 April 2019, www.imf.org/en/Publications/SPROLLs/world-economic-outlook-databases#sort=%40imfdate%20descending. Accessed 26 Apr 2021.
16. KOF Globalisation Index, kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html. Accessed 26 Apr 2021.
17. 2018 Enviromental Performance Index. Global metrics for the environment: ranking country performance on high-priority environmental issues, epi.yale.edu/downloads/epi2018reportv06191901.pdf. Accessed 26 Apr 2021.
18. Global Innovation Index 2018, www.wipo.int/edocs/pubdocs/en/wipo_pub_gii_2018.pdf. Accessed 26 Apr 2021.
19. World Happiness Report 2018, worldhappiness.report/ed/2018/.Accessed 26 Apr 2021.
20. Fechner coefficient, math.semestr.ru/corel/fexner.php. Accessed 26 Apr 2021..

Downloads

Published

2021-11-30

Issue

Vol. 1 No. 17 (2021): THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT

Section

International economic relations

License

Authors who publish with this journal agree to the following terms:
    1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution NonCommercial NoDerivs 4.0 Unported License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
    1. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  1. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access)