Pub Date : 2023-10-01DOI: 10.14207/ejsd.2023.v12n4p319
Wayne Moodaley, Arnesh Telukdarie
Detection of false or misleading green claims (referred to as “greenwashing”) within company sustainability disclosures is challenging for a number of reasons, which include the textual and qualitative nature, volume, and complexity of such disclosures. In recent years, notable progress made in the fields of artificial intelligence and specifically, large language models (LLMs), has showcased the capacity of these tools to effectively analyse extensive and intricate textual data, including the contents of sustainability disclosures. Transformer-based LLMs, such as Google’s BERT architecture, were trained on general domain text corpora. Subsequent research has shown that further pre-training of such LLMs on specific domains, such as the climate or sustainability domains, may improve performance. However, previous research often uses text corpora that exhibit significant variation across topics and language and which often consist of heterogeneous subdomains. We therefore propose a conceptual framework for further pre-training of transformer based LLMs using text corpora relating to specific sustainability subdomains i.e. subdomain specific pre-training. We do so as a basis for the improved performance of such models in analysing sustainability disclosures. The main contribution is a conceptual framework to advance the use of LLMs for the reliable identification of green claims and ultimately, greenwashing.
Keywords: greenwashing, artificial intelligence, sustainability, sustainability reporting, sustainability disclosures.
{"title":"A Conceptual Framework for Subdomain Specific Pre-Training of Large Language Models for Green Claim Detection","authors":"Wayne Moodaley, Arnesh Telukdarie","doi":"10.14207/ejsd.2023.v12n4p319","DOIUrl":"https://doi.org/10.14207/ejsd.2023.v12n4p319","url":null,"abstract":"Detection of false or misleading green claims (referred to as “greenwashing”) within company sustainability disclosures is challenging for a number of reasons, which include the textual and qualitative nature, volume, and complexity of such disclosures. In recent years, notable progress made in the fields of artificial intelligence and specifically, large language models (LLMs), has showcased the capacity of these tools to effectively analyse extensive and intricate textual data, including the contents of sustainability disclosures. Transformer-based LLMs, such as Google’s BERT architecture, were trained on general domain text corpora. Subsequent research has shown that further pre-training of such LLMs on specific domains, such as the climate or sustainability domains, may improve performance. However, previous research often uses text corpora that exhibit significant variation across topics and language and which often consist of heterogeneous subdomains. We therefore propose a conceptual framework for further pre-training of transformer based LLMs using text corpora relating to specific sustainability subdomains i.e. subdomain specific pre-training. We do so as a basis for the improved performance of such models in analysing sustainability disclosures. The main contribution is a conceptual framework to advance the use of LLMs for the reliable identification of green claims and ultimately, greenwashing.
 Keywords: greenwashing, artificial intelligence, sustainability, sustainability reporting, sustainability disclosures.","PeriodicalId":46519,"journal":{"name":"European Journal of Sustainable Development","volume":"151 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135409072","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-01DOI: 10.14207/ejsd.2023.v12n4p467
Chandrakant K. Ingole
Development activities and energy access are intertwined; however, they also contribute towards climate change. Therefore, climate friendly activities are needed to be promoted to ensure socio-economic development. Productive use of renewable energy for income generation is an emerging area of development in developing countries and is under-explored; therefore, there is a need to study the impact of such interventions on income generation. In this context, this paper attempts to estimate the impact of a renewable energy based, women managed collective from rural Maharashtra (India) on the income of beneficiaries using interview-based survey design. An analysis of the data indicates a significant change in beneficiaries’ income with associated multiplier effect vis-à-vis non-beneficiaries’, depicting such initiatives have potential to effect socio-economic development while being environment friendly. This is vital as India foresees an important role for renewable energy to address development issues, rural infrastructure gaps, and climate goals.
Keywords: Climate Change, Sustainable Development, Renewable Energy, Collective, Women Empowerment
{"title":"Economic impact of productive use of renewable energy: A case of a women-collective from rural Maharashtra (India)","authors":"Chandrakant K. Ingole","doi":"10.14207/ejsd.2023.v12n4p467","DOIUrl":"https://doi.org/10.14207/ejsd.2023.v12n4p467","url":null,"abstract":"Development activities and energy access are intertwined; however, they also contribute towards climate change. Therefore, climate friendly activities are needed to be promoted to ensure socio-economic development. Productive use of renewable energy for income generation is an emerging area of development in developing countries and is under-explored; therefore, there is a need to study the impact of such interventions on income generation. In this context, this paper attempts to estimate the impact of a renewable energy based, women managed collective from rural Maharashtra (India) on the income of beneficiaries using interview-based survey design. An analysis of the data indicates a significant change in beneficiaries’ income with associated multiplier effect vis-à-vis non-beneficiaries’, depicting such initiatives have potential to effect socio-economic development while being environment friendly. This is vital as India foresees an important role for renewable energy to address development issues, rural infrastructure gaps, and climate goals.
 Keywords: Climate Change, Sustainable Development, Renewable Energy, Collective, Women Empowerment","PeriodicalId":46519,"journal":{"name":"European Journal of Sustainable Development","volume":"141 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135459107","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.14207/ejsd.2023.v12n2p151
Genoveva Da Costa Lupédia, CU Constantin-IulianTĂNAȘ, Dumitru-Alin Statie, Robert-Andrei Costache
The years of the pandemic meant more than a test to prove the maturity of the states - it was a good exercise for the business community around the world, to prove that it can survive extremely harsh conditions. Over the two years of the pandemic, SMEs have learned that the only way to survive is to work together, within strategic alliances, for a common goal - to make enough profit to survive. This strategy of alliances in the field of SMEs was a response of the Romanian entrepreneurship to the competitive fight on the market, where the big companies, in order to obtain huge profits even if there was a cataclysm going on, did not "play" honestly and “attacked’’ the few clients the SMEs had. On the other hand, small businesses have learned that "working together" is synonymous with "surviving." The synergy relationship achieved between small companies, transposed into economic alliances, are true examples of business. Through our research, we wanted to see how these companies acted so we have created a model by which new entrants can develop these strategic alliances to grow quickly, gain customers, and cope with the turbulent environment in which they operate daily. For this, we performed a statistical and econometric analysis, using as a tool a questionnaire applied to a number of 156 SMEs in Bucharest-Ilfov and Giurgiu, as well as the output provided by the SPSS for Windows application. Preliminary results have shown us the existence of strategic alliances, which we later studied in order to create a model called the Survival Alliance in Modern Era (SAME). This model can be used as an important element of any strategy, a starting point in the rapid, sustainable, and efficient development of an SME, that is at the beginning of the road and wants to have a word in the market in which it operates.
大流行的这些年不仅是证明各国成熟的考验，也是世界各地商界证明自己能够在极端恶劣条件下生存的一次很好的实践。在大流行的两年里，中小企业认识到，生存的唯一途径是在战略联盟内为一个共同目标而共同努力，即赚取足够的利润以维持生存。这种在中小企业领域的联盟战略是罗马尼亚企业家对市场竞争的回应，在市场竞争中，大公司为了获得巨额利润，即使有灾难发生，也不诚实地“玩”，“攻击”中小企业的少数客户。另一方面，小企业已经认识到“合作”就是“生存”的同义词。小公司之间达成的协同关系，转化为经济联盟，是商业的真正例子。通过我们的研究，我们想看看这些公司是如何行动的，因此我们创建了一个模型，通过这个模型，新进入者可以发展这些战略联盟，以快速增长，获得客户，并应对他们日常运营的动荡环境。为此，我们进行了统计和计量经济学分析，使用了一份问卷作为工具，应用于布加勒斯特-伊尔福夫和久尔久的156家中小企业，以及SPSS For Windows应用程序提供的输出。初步结果表明战略联盟的存在，我们随后对其进行了研究，以创建一个称为现代生存联盟(SAME)的模型。这个模型可以作为任何战略的一个重要元素，作为中小企业快速、可持续和高效发展的起点，这是在道路的开始，并希望在其经营的市场中占有一席之地。
{"title":"Age of Economic Alliances - How SMEs Win the Market Using Alliances in Turbulent Times","authors":"Genoveva Da Costa Lupédia, CU Constantin-IulianTĂNAȘ, Dumitru-Alin Statie, Robert-Andrei Costache","doi":"10.14207/ejsd.2023.v12n2p151","DOIUrl":"https://doi.org/10.14207/ejsd.2023.v12n2p151","url":null,"abstract":"The years of the pandemic meant more than a test to prove the maturity of the states - it was a good exercise for the business community around the world, to prove that it can survive extremely harsh conditions. Over the two years of the pandemic, SMEs have learned that the only way to survive is to work together, within strategic alliances, for a common goal - to make enough profit to survive. This strategy of alliances in the field of SMEs was a response of the Romanian entrepreneurship to the competitive fight on the market, where the big companies, in order to obtain huge profits even if there was a cataclysm going on, did not \"play\" honestly and “attacked’’ the few clients the SMEs had. On the other hand, small businesses have learned that \"working together\" is synonymous with \"surviving.\" The synergy relationship achieved between small companies, transposed into economic alliances, are true examples of business. Through our research, we wanted to see how these companies acted so we have created a model by which new entrants can develop these strategic alliances to grow quickly, gain customers, and cope with the turbulent environment in which they operate daily. For this, we performed a statistical and econometric analysis, using as a tool a questionnaire applied to a number of 156 SMEs in Bucharest-Ilfov and Giurgiu, as well as the output provided by the SPSS for Windows application. Preliminary results have shown us the existence of strategic alliances, which we later studied in order to create a model called the Survival Alliance in Modern Era (SAME). This model can be used as an important element of any strategy, a starting point in the rapid, sustainable, and efficient development of an SME, that is at the beginning of the road and wants to have a word in the market in which it operates.","PeriodicalId":46519,"journal":{"name":"European Journal of Sustainable Development","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48065291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.14207/ejsd.2023.v12n2p213
V. Sipilova, V. Meņšikovs, Jurijs Baltgailis
Sustainable financial sector needs the sound banking system. The soundness of the banking system is the subject for effects from institutional factors representing the areas of economy, society, public sector, legislation, technologies, and climate change. Although, studies rarely pay attention to the complex approach, where all areas are analysed simultaneously within the study. Design of the present study aims to analyse institutional factors of interdisciplinary nature, which demonstrate potential significance for the sound banking system. The authors focus on the cases that differ by the level of the soundness of banks. The approach provides the novelty of research. Method. During the research, the authors identify and characterise linkages between the factors of institutional environment and the soundness of banks. For the aim, monographic method and correlation analysis are applied. Analysis. The analysis is organised by using two cases that differ by the level of the soundness of banks – the region of Central and Eastern Europe and ten countries with the highest level of the soundness of banks in the world according to the data on Global Competitiveness Report. Results. For the cases that differ by the level of the soundness of banks, the research results demonstrate similarity by the linkages with indicators representing depth of financial system and corporate governance. Differences between the cases appear by the linkages with indicators representing public sector performance and stability of financial system. Conclusions. For the case with lower level of the soundness of banks, overall trends that are necessary for functioning of the sound banking system are observed. Although, several indicators that by their sense are significant for the sound banking system demonstrate negative direction or weak relationship with the soundness of banks what has to be improved in the future and appear as a result of the peculiarities of the banking sector in the region
{"title":"Linking Institutional Factors with the Financial Soundness of Banks. Evidence from the CEE Region","authors":"V. Sipilova, V. Meņšikovs, Jurijs Baltgailis","doi":"10.14207/ejsd.2023.v12n2p213","DOIUrl":"https://doi.org/10.14207/ejsd.2023.v12n2p213","url":null,"abstract":"Sustainable financial sector needs the sound banking system. The soundness of the banking system is the subject for effects from institutional factors representing the areas of economy, society, public sector, legislation, technologies, and climate change. Although, studies rarely pay attention to the complex approach, where all areas are analysed simultaneously within the study. Design of the present study aims to analyse institutional factors of interdisciplinary nature, which demonstrate potential significance for the sound banking system. The authors focus on the cases that differ by the level of the soundness of banks. The approach provides the novelty of research. Method. During the research, the authors identify and characterise linkages between the factors of institutional environment and the soundness of banks. For the aim, monographic method and correlation analysis are applied. Analysis. The analysis is organised by using two cases that differ by the level of the soundness of banks – the region of Central and Eastern Europe and ten countries with the highest level of the soundness of banks in the world according to the data on Global Competitiveness Report. Results. For the cases that differ by the level of the soundness of banks, the research results demonstrate similarity by the linkages with indicators representing depth of financial system and corporate governance. Differences between the cases appear by the linkages with indicators representing public sector performance and stability of financial system. Conclusions. For the case with lower level of the soundness of banks, overall trends that are necessary for functioning of the sound banking system are observed. Although, several indicators that by their sense are significant for the sound banking system demonstrate negative direction or weak relationship with the soundness of banks what has to be improved in the future and appear as a result of the peculiarities of the banking sector in the region","PeriodicalId":46519,"journal":{"name":"European Journal of Sustainable Development","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46004502","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.14207/ejsd.2023.v12n2p35
Artificial light at night (ALAN) pollution is a topic of growing concern globally, in particular along coasts where the number of cities is increasing. The problem is both economic and environmental, as in the case of the selection of the nesting site by the Caretta caretta sea turtles. In fact, even in a poorly lit municipality like Castiglione della Pescaia (Tuscany, Italy), 140 light sources have been identified near the beaches with different types of shielding and intensity. The localization and characterization of these night lighting sources was achieved through both field and satellite measurements. In this paper we propose a practical management of both the general and the specific problem of the case study with an approximate estimate of the costs involved in replacing the lamps with the greatest impact on the conservation of sea turtles.
{"title":"Light Pollution and Sea Turtles Nest-Site Selection. Is it Possible a Practical Management of the Problem?","authors":"","doi":"10.14207/ejsd.2023.v12n2p35","DOIUrl":"https://doi.org/10.14207/ejsd.2023.v12n2p35","url":null,"abstract":"Artificial light at night (ALAN) pollution is a topic of growing concern globally, in particular along coasts where the number of cities is increasing. The problem is both economic and environmental, as in the case of the selection of the nesting site by the Caretta caretta sea turtles. In fact, even in a poorly lit municipality like Castiglione della Pescaia (Tuscany, Italy), 140 light sources have been identified near the beaches with different types of shielding and intensity. The localization and characterization of these night lighting sources was achieved through both field and satellite measurements. In this paper we propose a practical management of both the general and the specific problem of the case study with an approximate estimate of the costs involved in replacing the lamps with the greatest impact on the conservation of sea turtles.","PeriodicalId":46519,"journal":{"name":"European Journal of Sustainable Development","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44556907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.14207/ejsd.2023.v12n2p318
Lamia Saud Shesha
Saudi Arabia is facing an increased workforce out of work. We explore the factors that lead to Saudi Arabia's problem with unemployment and increasingly strict monetary policy. Re-conceptualizing the macroeconomic aim of placing of jobs and assistance for self-reliance over consumer security is critical to a) Understand the overall macroeconomic picture of the economy; b) Recognizing the monetary and social indices ought to be re-examined. Fiscal and monetary measures that deal with imbalances need to be put to the test as well. Saudi Arabia's economic structure is detailed in the series of graphic novels. Additionally, this article would investigate unemployment issues in the state's future.
{"title":"Cost of Unemployment Affecting Full Employment and Price Stability in Saudi Arabia: An Endogenous Monetary Approach","authors":"Lamia Saud Shesha","doi":"10.14207/ejsd.2023.v12n2p318","DOIUrl":"https://doi.org/10.14207/ejsd.2023.v12n2p318","url":null,"abstract":"Saudi Arabia is facing an increased workforce out of work. We explore the factors that lead to Saudi Arabia's problem with unemployment and increasingly strict monetary policy. Re-conceptualizing the macroeconomic aim of placing of jobs and assistance for self-reliance over consumer security is critical to a) Understand the overall macroeconomic picture of the economy; b) Recognizing the monetary and social indices ought to be re-examined. Fiscal and monetary measures that deal with imbalances need to be put to the test as well. Saudi Arabia's economic structure is detailed in the series of graphic novels. Additionally, this article would investigate unemployment issues in the state's future.","PeriodicalId":46519,"journal":{"name":"European Journal of Sustainable Development","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47994112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.14207/ejsd.2023.v12n2p161
L. Kauškale, J. Zvirgzdins, I. Geipele
The relevance of the research and its significance are being determined by the fact that changes in economic and environmental development could affect the tendencies of the development of the real estate market and construction industry, and entrepreneurship within these sectors, and vice versa. As time passes, the participants of real estate sectors face numerous challenges, and it could be useful to find the possible improvement opportunities for economic analysis and management. The aim of the research is to analyse the factors affecting the real estate market, construction industry and related entrepreneurship in changing environment in the context of sustainable economic and environmental development, paying particular attention to the tendencies within these sectors. The literature, historical, comparative analysis and logical access methods have been used in the research. The conducted analysis could help in the improvement of the entrepreneurial activities for the sustainable development of the real estate market and construction industry.
{"title":"Sustainability Aspects of the Construction Industry and Entrepreneurship: Challenges and Opportunities","authors":"L. Kauškale, J. Zvirgzdins, I. Geipele","doi":"10.14207/ejsd.2023.v12n2p161","DOIUrl":"https://doi.org/10.14207/ejsd.2023.v12n2p161","url":null,"abstract":"The relevance of the research and its significance are being determined by the fact that changes in economic and environmental development could affect the tendencies of the development of the real estate market and construction industry, and entrepreneurship within these sectors, and vice versa. As time passes, the participants of real estate sectors face numerous challenges, and it could be useful to find the possible improvement opportunities for economic analysis and management. The aim of the research is to analyse the factors affecting the real estate market, construction industry and related entrepreneurship in changing environment in the context of sustainable economic and environmental development, paying particular attention to the tendencies within these sectors. The literature, historical, comparative analysis and logical access methods have been used in the research. The conducted analysis could help in the improvement of the entrepreneurial activities for the sustainable development of the real estate market and construction industry.","PeriodicalId":46519,"journal":{"name":"European Journal of Sustainable Development","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45722980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.14207/ejsd.2023.v12n2p107
Svitlana Khrypko, Qi Yang, Alla Ishchuk, Volodymyr Zabolotnyuk, Igor Zabolotniuk, Hanna Salo
This study explores the role of the virtual economy in advancing sustainable development through an examination of network semantics, cyber risks, and digitalization. The article emphasizes the need for professionals to adapt to new innovations and conditions in order to thrive in the virtual economy. The article aims to highlight the new vectors of language culture and virtual economic semantics and demonstrate the importance of developing foreign language professional information and communication competencies among individuals involved in the digitalization of various aspects of life. The virtual economic environment is analyzed in the context of sustainable development, focusing on cyberspace’s primary risks and challenges, and other factors that contrib ute to the need for a new language paradigm of virtual competence are examined. The study concludes that to succeed in the virtual economy, it is crucial to prioritize professional foreign language training and develop a new type of specialist who can work in the virtual global economy. In addition, the article analyzes the virtualization process of the global economic system, its development and deployment in various sectors, and identifies the relationship between the development and deployment of the virtualization process and the information technology market. The study notes that the digitization of processes in various spheres of economic activity is one of the main global trends in the development of modern society, and the definition of the term “dig ital economy” is analyzed. Finally, the study considers the main types of information and communication technologies and tools used in modern technologies of digitalization of the economy, and their potential for advancing sustainable development.
{"title":"The Role of the Virtual Economy in Advancing Sustainable Development: Exploring Network Semantics, Cyber Risks, and Digitalization","authors":"Svitlana Khrypko, Qi Yang, Alla Ishchuk, Volodymyr Zabolotnyuk, Igor Zabolotniuk, Hanna Salo","doi":"10.14207/ejsd.2023.v12n2p107","DOIUrl":"https://doi.org/10.14207/ejsd.2023.v12n2p107","url":null,"abstract":"This study explores the role of the virtual economy in advancing sustainable development through an examination of network semantics, cyber risks, and digitalization. The article emphasizes the need for professionals to adapt to new innovations and conditions in order to thrive in the virtual economy. The article aims to highlight the new vectors of language culture and virtual economic semantics and demonstrate the importance of developing foreign language professional information and communication competencies among individuals involved in the digitalization of various aspects of life. The virtual economic environment is analyzed in the context of sustainable development, focusing on cyberspace’s primary risks and challenges, and other factors that contrib ute to the need for a new language paradigm of virtual competence are examined. The study concludes that to succeed in the virtual economy, it is crucial to prioritize professional foreign language training and develop a new type of specialist who can work in the virtual global economy. In addition, the article analyzes the virtualization process of the global economic system, its development and deployment in various sectors, and identifies the relationship between the development and deployment of the virtualization process and the information technology market. The study notes that the digitization of processes in various spheres of economic activity is one of the main global trends in the development of modern society, and the definition of the term “dig ital economy” is analyzed. Finally, the study considers the main types of information and communication technologies and tools used in modern technologies of digitalization of the economy, and their potential for advancing sustainable development.","PeriodicalId":46519,"journal":{"name":"European Journal of Sustainable Development","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46967004","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-01DOI: 10.14207/ejsd.2023.v12n2p1
Currently, the Ukrainian economy faces a measure of challenges, caused by damages, losses and qualitative impacts. The primary ideas of post-war rebuilding have been conducted and presented at an international conference in Lugano, Switzerland. At this conference, the main primary areas for post-war rebuilding have been divided to be realized within the post-war rebuilding plan for the following ten years. The primary goal of the plan is to provide a unique chance not only to compensate for damage caused by the war but also to accelerate economic growth and improve quality of life in Ukraine. Thereby, there is an urgent need to describe a wide range of possible financial resources to support post-war rebuilding, based on innovative development and criteria of sustainable growth. The current research problem lays in the innovative forms of financial support following key principles of sustainable post-war rebuilding in Ukraine, namely stages of stability, restoration and modernization. The functional directions of post-war rebuilding are defined within the Ukraine recovery conference as of 2022 that are provided as continuation of the previous Ukraine reform conferences. The current research aims to represent the division of functional direction within the stages of stability, restoration and modernization, defining the necessary amounts of resources to be attracted for these stages. The capacity of venture financing is analyzed in the context of sustainable transformations within the post-war rebuilding process. As a result, the business angels are defined as an attractive source of financial support for the stability stage of post-war rebuilding in Ukraine, aiming to overcome the main part of damages and loss, caused by the full-scale war. The restoring stage is connected with long-term support of innovative projects within a sustainable restoring strategy. Venture funds and international organizations are important actors to conduct sustainable financing at micro-and macro-level. The venture capital divisions of specialized corporations and investment banks tend to provide financial and consulting support at the modernization stage of the post-war rebuilding process.
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Pub Date : 2023-06-01DOI: 10.14207/ejsd.2023.v12n2p47
Ana Iolanda Vodă, Sergiu Bortoş, Daniela Tatiana Şoitu
A Knowledge Ecosystem (KE) refers to a system of interconnected components that work together to create, share, and use knowledge. It includes the processes, tools, and platforms that support the creation, dissemination, and application of knowledge. A kno wledge ecosystem’s main attribute is to generate new knowledge and valuable open-ended solutions for the participating actors that drive innovation, improve decision-making, and support learning and growth. This paper provides an overview of the knowledge ecosystem concept, which gain traction in recent research, with a focus on how the knowledge ecosystem is organised and the relationship between components. This paper contributes to research on knowledge ecosystems by describing not only knowledge ecosystem forms of organisation, but also the main methodological approaches used in the evaluation of the concept.
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