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FDI and Good Governance Dimension of Sustainability

Author : Maja Niksic Radic
Publisher :
Page : 10 pages
File Size : 46,80 MB
Release : 2015
Category :
ISBN :

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Purpose - The purpose of this paper is to answer the question of whether a foreign direct investment (FDI) contributes to the sustainable development in Croatia by analyzing the relationship between the fourth dimension of sustainable development, good governance, and theFDI. The aim of this study is to explore the causal relationship between the FDI and the components that make up good governance dimension in Croatia by using the Granger causality test.Methodology - The study uses econometric techniques such as unit root test and Granger causality test and employs the quarterly time series data from 2000(1) to 2013(4) in order to investigate the causal relationship between the FDI and good governance in Croatia.Findings - Research results indicated one bi-directional causality relationship and three one-way causality relationships in short-run. FDI and Rule of Law are found to have bi-directional causality relationship. Furthermore, FDI cause Political Stability. Findings also support one-way causality running from Regulatory Quality and Control of Corruption to FDI.Contribution - Research results point to the conclusion that, in the case of Croatia, FDI affected the good governance dimension of sustainable development and FDI can be considered as an asset that contributes to the sustainable development as the ultimate goal of development of each country.

Governance and Sustainability

Author : David Crowther
Publisher : Springer Nature
Page : 280 pages
File Size : 39,84 MB
Release : 2020-08-19
Category : Business & Economics
ISBN : 9811563705

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This book explores the concepts of sustainability and governance in relation to the governance of corporations – hence the ubiquity of the term corporate governance – and other bodies. It examines how these concepts are regularly used by politicians and by the media. The two concepts are however largely treated as being separate and discrete, and given equal coverage. The argument in this book is that the two concepts are inter-related and that good governance is a prerequisite for sustainability. The focus of the book therefore is different from most, as it seeks to integrate these two important issues. The approach used in this book is based on the tradition of the Social Responsibility Research Network – a worldwide body of scholars that, over its 20-year history, has sought to broaden the discourse and to treat all research as inter-related and business-relevant. The book examines diverse aspects of the changes to corporate and institutional behaviour that have recently manifested by focusing on these two aspects of sustainable development. Thus, the authors explore engagement and partnership between organisations, in order to consider the extent to which the focus has changed so much that we need to think about new approaches to our understanding of sustainability and differing effects in practice. The international mix of authors makes this an original contribution, sharing some of the best ideas from around the world.

Governance and Sustainability

Author : Ulrich Petschow
Publisher : Routledge
Page : 257 pages
File Size : 48,77 MB
Release : 2017-09-29
Category : Business & Economics
ISBN : 1351280988

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Sustainability cannot be achieved without good governance. The Johannesburg World Summit on Sustainable Development in 2002 stated that governance and sustainable development are intimately tied together and the future role and architecture of institutions, from local to international levels, will be crucial determinants to whether future policies and programmes for sustainable development will succeed. But these are changing times. With growing tensions over both globalization and regionalization, traditional systems of regulation are being subjected to growing pressure for reform. While states will continue to play a significant, if changed, role in the future, the importance of players from business and civil society is increasing. Sustainable development requires this change. Such an intra- and intergenerational concept cannot be achieved with a top-down approach, but rather needs the participation of all. In fact, the governance of sustainable development requires the exploration of new forms of both social co-operation and confrontation. By doing so, the different levels (global and local), players (state, company and civil society), control structures (hierarchy, market and public-private) and fields of action need to be taken into consideration.Governance and Sustainability examines the possibilities of integrating the environmental, social and economic dimensions of sustainable development within the framework of governance processes and how that might steer societies towards sustainability. It takes a close look at the key actors, their agendas and methods, forms of organization, problems and limits, as well as real-life examples for governance in different areas of society at the regional, national and international level. It is especially interested in exploring the nature of changes in the context of governance; the role of actors in such processes; and analysing how different forms of societal learning can improve governance processes. It concludes that this is a continuous process, characterized by conflicts and learning processes necessary to heighten both awareness of the complexity of the social and environmental problems faced and the prospects of implementing successful solutions. Based on a major conference hosted to assess the issue of governance post-Johannesburg, the book includes innovative insights from some of the leading thinkers in both sustainable development and governance from academia, business, multilateral organizations and NGOs. It provides a unique perspective on two of the key societal problems facing the world today.

Transgovernance

Author : Louis Meuleman
Publisher : Springer
Page : 324 pages
File Size : 46,62 MB
Release : 2012-09-14
Category : Political Science
ISBN : 3642280099

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‘Transgovernance: Advancing Sustainability Governance’ analyses the question what recent and ongoing changes in the relations between politics, science and media – together characterized as the emergence of a knowledge democracy – may imply for governance for sustainable development, on global and other levels of societal decision making, and the other way around: How can the discussion on sustainable development contribute to a knowledge democracy? How can concepts such as second modernity, reflexivity, configuration theory, (meta)governance theory and cultural theory contribute to a ‘transgovernance’ approach which goes beyond mainstream sustainability governance? This volume presents contributions from various angles: international relations, governance and metagovernance theory, (environmental) economics and innovation science. It offers challenging insights regarding institutions and transformation processes, and on the paradigms behind contemporary sustainability governance.This book gives the sustainability governance debate a new context. It transforms classical questions into new options for societal decision making and identifies starting points and strategies towards effective governance of transitions to sustainability.

Making FDI More Sustainable

Author : Karl P. Sauvant
Publisher :
Page : 42 pages
File Size : 29,80 MB
Release : 2020
Category :
ISBN :

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Reaching the SDGs has become the lodestar of development policymaking. Increased sustainable FDI flows to developing countries can make an important contribution to reaching the Goals. This article analyzes 150 instruments (treaties, standards, codes) prepared by key stakeholder groups in the FDI space and bearing on the relationship between host country governments and foreign investors, to identify FDI sustainability characteristics along the following four dimensions: economic, social and environmental development and governance. These instruments indicate the kind of contributions governments and intergovernmental organizations expect MNEs to make to host countries; what kind of contributions MNEs and business organizations expect to make to host countries; and what others expect from MNEs in this respect. The analysis yields a set of indicative “common FDI sustainability characteristics”, as well as a set of indicative “emerging common FDI sustainability characteristics”, with all stakeholder groups showing a growing propensity to recognize them. These indicative FDI sustainability characteristics, in turn, can give guidance to both legal and policy development regarding the role international investors can, and should, make to reach the SDGs.

Metagovernance for Sustainability

Author : Louis Meuleman
Publisher : Routledge
Page : 325 pages
File Size : 41,10 MB
Release : 2018-08-14
Category : Nature
ISBN : 1351250582

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The 17 Sustainable Development Goals (SDGs) which were adopted by the United Nations in September 2015 are universally applicable in all 193 UN Member States and connect the big challenges of our time, such as hunger and poverty, climate change, health in an urbanised environment, sustainable energy, mobility, economic development and environmental degradation. Sustainability has the characteristics of a ‘wicked problem’, for which there are no one-size-fits-all solutions. This book tests the hypothesis that the implementation of sustainable development, and in particular the 2015 SDGs, requires tailor-made metagovernance or ‘governance of governance’. This is necessary to develop effective governance and high quality and inclusive public administration and to foster policy and institutional coherence to support implementing the SDGs. Based on the growing literature on governance and metagovernance, and taking into account the specificities of societal factors such as different values and traditions in different countries, the book presents a framework for the design and management of SDG implementation. It shows how hierarchical, network and market governance styles can be combined and how governance failure can be prevented or dealt with. The book presents an overview of fifty ‘shades of governance’ which differ for each governance style, and a sketch of a concrete method to apply sustainability metagovernance. Metagovernance for Sustainability is relevant to academic and practitioner fields across many disciplines and problem areas. It will be of particular interest to scholars, students and policy-makers studying Sustainable Development, Governance and Metagovernance, Public Management and Capacity Building.

Foreign Direct Investment, Governance, and the Environment in China

Author : J. Zhang
Publisher : Springer
Page : 296 pages
File Size : 10,38 MB
Release : 2014-01-01
Category : Political Science
ISBN : 1137318651

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This book links the environment and corruption with China's large inflows of foreign direct investment (FDI). It investigates the effects of economic development and foreign investment on pollution in China; the effects of corruption and governance quality on FDI location choice in China.

ESG and Responsible Institutional Investing Around the World: A Critical Review

Author : Pedro Matos
Publisher : CFA Institute Research Foundation
Page : 80 pages
File Size : 41,29 MB
Release : 2020-05-29
Category : Business & Economics
ISBN : 1944960988

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This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.

Human Development

Author : Maria Lucia Seidl-De-Moura
Publisher : BoD – Books on Demand
Page : 126 pages
File Size : 21,20 MB
Release : 2012-05-16
Category : Psychology
ISBN : 9535106104

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Human development has different meanings depending on the area we focus on. To the psychologists it is the ontogenetic process of individual development. It considers systematic psychological changes that occur in human beings over the course of their life span. To sociologists and economists, among others, the main consideration is the macro-level of countries or regions and their development conditions related to human needs. Our book has two parts. The first one is entitled "Development in the ontogenesis" and it consists of three chapters whilst the second is "Human development: contextual factors", also including 3 chapters. Together, the two parts give the readers a panoramic view of very complex subjects and complement each other. Researchers of ontogenetic development cannot ignore that contextual factors are the basis of this process. On the other hand, social scientists worried about the macro variables need to remember that they are dealing with people, who are affected one way or another by those variables and whose development is the product of biology and culture.