Economic Transformation: A Systematic Literature Review

Abstract

This study aimed to systematically review the economic transformation (ET) literature to integrate fragmented insights, offer a comprehensive overview, and identify avenues for future research. Employing the systematic review methodology outlined by Tranfield et al. (2003), this study reviewed 39 relevant articles from the Scopus database, covering the period from 1945 to 2022. Our findings highlight diverse definitions of ET and reveal its paradoxical lens. The review also identifies key contributing factors, such as governance, leadership, human resources, and outcomes, including green economic growth, sectoral development, and global position. Finally, this study offers empirical, theoretical, and methodological contributions to further research and development.