Measuring the Justness of the European Green Transition

Self Cite

The present research paper is focused the widely debated topic related to de-dollarization. It examines the trend of de-dollarization to check if the statements that the dollar is losing its weight and is about to lose its leading position in international trade payments are substantiated. Firstly, the theoretical framework behind the dollarization is explored. Secondly, the factors believed to be the basis of the de-dollarization process have been identified and analyzed, which are related to: geopolitical processes, changes in international payments policy in some BRICS countries, changes in international trade, etc. A performed analysis of the currency turnover in international trade, based on data from official sources, was made through forecast regression, which predicts the development of the share of the dollar in international payments. A correlation matrix was also calculated, showing the correlation links between the dollar and the other leadng currencies. The hypothesis, which is confirmed by the practical research, is that the de-dollarization process is proceeding slowly and uncertainly, and will continue to develop at a low pace leading to insignificant changes in the structure of the currency composition of international payments in the short and medium term. Further research could further explore each of the factors that could lead to a real dedollarisation trend in international payments.

Section: Literature Reviewmentioning

confidence: 99%

De-Dollarisation in International Payments: Trend or Fiction

Todorova,

Moraliyska,

Raycheva

2024

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“…Nevertheless, the potential long-term sustainability benefits still need to be investigated (Avunduk, 2023). The crisis has potentially undermined environmental legislation and regulations in multiple nations, which could affect endeavors towards sustainable development (Moraliyska, 2023). Sustainable development is crucial to renewing and improving the tourism sector's connections to natural and human resources (Kuzmak and Kuzmak, 2023).…”

Section: Sustainable Development Challenges In Kazakhstanmentioning

confidence: 99%

Enhancing the Green Energy Revolution: Analyzing the Impact of Financial and Investment Processes on Renewable Energy Projects in Kazakhstan

Shakeyev,

Baineyeva,

Kosherbayeva

et al. 2023

As a fossil fuel-dependent nation, Kazakhstan is caught between issues and possibilities in its search for a sustainable energy transition. Despite its tremendous resources, Kazakhstan’s renewable energy capacity is 1%, much behind its non-renewable peers. According to this research, green fiscal policies in renewable energy firms are needed to reduce the country’s political and economic dependence on the global oil sector. This report emphasizes regional collaboration and Kazakh-stan’s potential leadership in Central Asian Green Economy projects. Kazakhstan can promote renewable energy adoption and economic sustainability by forming regional alliances. Challenges lie ahead on the green future path, so this paper addresses legislative, infrastructure, financial, and data barriers to green fiscal initiatives in Kazakhstan. It stresses the significance of holistically tackling these concerns, including banking and stock market reforms and sustainable planning. Policymakers and stakeholders in Kazakh-stan can use the research findings to boost the economy, fight corruption, and increase political engagement. Upskilling the workforce to support green technology and local renewable energy production is recommended. The report recommends proactive global crisis prediction and management to help Kazakhstan handle economic and environmental challenges. Hence, the above actions are crucial to Kazakhstan’s goal of industrialization by 2050. Kazakhstan can lead a world rapidly moving to green energy by committing to green fiscal methods, regional collaboration, and addressing the many obstacles to development. By doing so, it can safeguard its future and advance the global green energy revolution.

“…Several of the SDGs are directly (SDG 1-SDG 5) or indirectly (SDG 8, SDG 10, SDG 16-17) interconnected with demographics. To counteract poverty efficiently as well as to ensure zero hunger, good health and well-being, high quality of education, and gender equality, the specific public regulation measures should be undertaken (Moraliyska, 2023). Prudent social and demographic policy mix could ensure decent work and economic growth, reducing the inequalities simultaneously.…”

Section: Social and Demographic Dynamics In Central Europe And The Ba...mentioning

confidence: 99%

Demographics’ Impact on Economic Growth in Central Europe and the Baltic States

Khachatrian,

Nepytaliuk,

Pasichnyi

et al. 2023

To ensure sustainable development and public welfare, the complex impact of demographic factors on macroeconomic dynamics should be investigated properly. Moreover, a few of the Sustainable Development Goals are interconnected robustly with demographic issues. There are some trends (e.g., substantial increase in longevity, rapidly lowered fertility, etc.) common for most advanced and emerging market economies. We examined the impact of selected socio-demographic factors on the real GDP per capita growth rates in a sample of the Baltic states and the Central European countries that have experienced economic transformations in the 1990s and either entered or declared their intentions to join the European Union in the future. We investigated general demographic dynamics in the region from 1960 to 2021. Due to the data availability, our special attention was focused primarily on the highlighted countries’ socio-demographic and macroeconomic variables from 2000 to 2021. We suggested that there was a certain interdependence between the working age population stratum specific weight, the elderly demographic dependency ratio, public healthcare spending, gross capital formation, and the real GDP per capita growth rates. In addition, we propose the main priorities for social and demographic policy in the field of well-being improvement. The potential ways to enhance the model – regarding healthcare, education, and the general profile of fiscal policy – have been disclosed as well.