Introduction Economic development is a broad concept that goes beyond simple economic growth. While economic growth refers to the increase in a country’s output or income, economic development encompasses improvements in the quality of life, living standards, and overall well-being of people. It involves structural transformation, social progress, and the reduction of poverty and inequalities….
Introduction The world is presently facing an unprecedented resource crisis. Rising population, expanding industrialization, and unsustainable consumption have placed tremendous pressure on terrestrial resources such as land, forests, freshwater, and minerals. Against this backdrop, the oceans, which cover nearly 71% of the Earth’s surface, are emerging as a vast frontier of untapped resources. They offer…
Introduction The term “Blue Revolution” refers to the rapid and sustainable development of the aquaculture and fisheries sector to increase fish production, ensure food security, and improve livelihoods. Coined in the 1970s, the concept of the Blue Revolution parallels the Green Revolution in agriculture, emphasizing productivity enhancement through modern technology, scientific management, and infrastructure development….
Introduction Mountain ecosystems are among the most fragile and biodiverse ecosystems on Earth. They provide essential ecosystem services such as water regulation, biodiversity conservation, soil stabilization, climate regulation, and cultural heritage. These ecosystems support millions of people directly and indirectly through agriculture, forest products, and tourism. However, in recent decades, development initiatives and tourism have…
Introduction Coral reefs, often referred to as the “rainforests of the sea,” are among the most biologically diverse and productive ecosystems on Earth. They provide shelter, food, and breeding grounds for nearly one-quarter of all marine species, despite covering less than 1% of the ocean floor. Beyond biodiversity, coral ecosystems contribute to human societies by…
Introduction Universal Basic Income (UBI) has emerged as one of the most debated economic and social policy ideas in the 21st century. The concept advocates for providing all citizens with a guaranteed, unconditional sum of money regularly, regardless of their employment status, income, or wealth. Supporters argue that UBI has the potential to eradicate poverty,…
Introduction In the 21st century, humanity faces the dual challenge of ensuring economic growth while safeguarding the environment. Rapid industrialization, urbanization, population growth, and technological expansion have created unprecedented opportunities but also generated critical environmental challenges. Climate change, biodiversity loss, deforestation, air and water pollution, and resource depletion threaten the very foundation of life on…
Introduction Climate change is no longer merely an environmental concern; it is a pressing economic issue that affects growth, development, and social welfare worldwide. Rising global temperatures, extreme weather events, sea-level rise, and shifting agricultural patterns have profound economic implications. Understanding the economics of climate change is critical for policymakers, businesses, and society to design…
Introduction Economic inequality refers to the unequal distribution of income, wealth, and opportunities among individuals or groups within a society. While some level of inequality is inevitable in a market-driven economy, excessive economic disparity can threaten social cohesion, reduce economic efficiency, and impede sustainable development. In contrast, inclusive growth emphasizes equitable access to economic opportunities,…
Introduction The development of economies, particularly in low- and middle-income countries, is a complex process influenced by financial resources, policy frameworks, governance structures, and global economic conditions. International financial institutions like the World Bank and the International Monetary Fund (IMF) play a pivotal role in supporting developing economies by providing financial assistance, policy guidance, technical…