The Global Development Formula

Abstract

Development remains a central concept for policy design and implementation aimed at improving the quality of life of the world population, despite a manifest rise in neoliberalist economic growth policy strategic guidance rationales. In accepting the relevance of development processes, this paper proposes a global development formula embracing four main pillars and their respective components: (i) global governance; (ii) global wealth; (iii) global resources; and (vi) global sustainability. Ultimately, this global development perspective presents a more comprehensive and holistic lens than current development visions to demonstrate the development status of territories at all territorial scales. By using existing indexes associated with the proposed main pillars of development, the research presents a novel global development index for 2020.

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“…There is a separate scientific methodology of structuralism that explores the structure of objects, the form and variety of structures that occur in nature, consciousness, and society (Zaucha, 2007); -The systems approach methodology shifts the emphasis from the study of elements to connections and relationships. Communication is the correlation between different phenomena based on interdependence and mutual interdependence (forward and backward, controlled-uncontrolled, active-passive, external-internal) (Medeiros, 2021). If the forces of connection within the system outweigh the external ones, the element belongs to the system; if the external connections are stronger, the element is transferred to the supersystem.…”

Development of a youth entrepreneurship model for sustainable business growth

“…Economic progress is based on the process of globalization, the economy of sustainable development, the economy based on the fourth industrial revolution, the development of productivity and competitiveness, as well as on the fiscal policy committed to achieving the goals of sustainable development and inclusive growth. Further, sustainability is becoming a priority when it comes to global development (Medeiros, 2021;Talan et al, 2020).…”

Metatheoretical Issues of the Evolution of the International Political Economy

“…Despite the scientific value of elaborating the methodological problems of world economic system evolution (Amin 1996;Cotula 2012;Cyfert et al 2021;Dalevska et al 2019;Dossani and Kenney 2007;Dasgupta et al 2021;De Bièvre and van Ommeren 2021;Dzwigol 2021;Galiani et al 2019;Garrett 2006;Geels 2005;Elbahnasawy and Ellis 2022;Elbe and Long 2020;Fuchs 2007;Gilpin 1987;Graham and Tucker 2019;Graz et al 2020;Hussain et al 2020Hussain et al , 2021Huang 2010;Fossung et al 2021;Keohane and Nye 1977;Kharazishvili et al 2020Kharazishvili et al , 2021aKharazishvili et al , 2021bKravchenko 2019;Kurowska-Pysz and Szczepa ńska-Woszczyna 2017;Kuzior et al 2020;Las Heras 2018;Levitt 1983;Marlin-Bennett and Johnson 2021;Medeiros 2021;McNally 2012;Nunn and Shields 2022;Paterson 2021;Postlewaite and Schmeidler 1986;Shkodina et al 2020;Simmons and Zachary 2004;Smith and White 1992;Smirnova et al 2021;Stiglitz 2002;…”