Sustainable and Inclusive Economic Development

Akhilesh Chandra Prabhakar, PhD, is affiliated with the School of Business at The Papua New Guinea University of Technology, Papua New Guinea. His distinguished academic career includes former professorships at UUM (Malaysia), HUFS (South Korea), AAU-UoG-DBU-DTU (Ethiopia), LPU (India), and UPES (India). Dr. Prabhakar is the Director of Global South Social Networks (GSSN) and the former Editor-in-Chief of the International Journal of Asian Social Sciences. He is also an active member of the Intellectual Networks for the South Centre in Geneva. For the past 28 years, Dr. Prabhakar’s research has centered on themes such as globalization, South-South economic cooperation, trade and technology, social entrepreneurship, economic systems, poverty and inequality, sustainable and inclusive development, and the evolving balance of global powers—including BRICS, SCO, and the Global South’s movement toward multipolarity and de-dollarization. During his academic journey, he has published five books and contributed 32 research papers to Scopus-indexed journals. Dr. Prabhakar earned his MPhil and PhD in Economics from Jawaharlal Nehru University in New Delhi, India.Vasilii Erokhin, PhD, is Associate Professor at the School of Economics and Management, Harbin Engineering University, China. Since 2017, Dr. Erokhin has been a researcher at the Center for Russian and Ukrainian Studies and the Arctic Blue Economy Research Center at Harbin Engineering University, China. He is the author of over 190 scientific works in the areas of international trade, globalization, sustainable development, and food security issues, with a focus on emerging markets, developing countries, and economies in transition. Dr. Erokhin is an editor and board member for several peer-reviewed journals and a holder of honorary awards from the Ministry of Agriculture and the Ministry of Education and Science of Russia. In 2018 and 2019, he was named among Publon top peer reviewers in cross-field studies and environment and ecology.K. Kuperan Viswanathan, PhD, is Professor of Resource Economics and Management and Head of Financial Analysis and Policy Competency Center at the Othman Yeop Abdullah Graduate School of Business at the Universiti Utara Malaysia. Professor Viswanathan is a leading natural resource economist with more than 35 years of experience in resource economics, policy and development research, social science research capacity building, and education and training. He was a member of the World Bank-affiliated Consultative Group for International Agricultural Research senior researchers team and led the Centers Dhaka and South Asia office from January 2004– March 2005. He also led the Global Project on Fisheries Co-management, which involved extensive partnership and research development with fisheries line agencies and research centers in Asia and Africa. He serves on the editorial committees of natural resource and management journals of developing countries, such as the African Journal of Marine Science, Malaysian Journal of Agricultural Economics, and the Malaysian Management Journal. Since the early 1980s, he has worked as a researcher, project leader, senior scientist, director, and expert adviser for several organizations such as WorldFish, Food and Agricultural Organization of the United Nations. He teaches Global Economic Theories and Issues and International Business and Managerial Economics to MBA and DBA students at the Othman Yeop Abdullah Graduate School of Business.Poshan (Sam) Yu teaches at the University of Victoria Program at Soochow University, Suzhou, China. He has held the position of an External Professor of Financial Technology and Finance at SKEMA Business School, China. Additionally, he is a visiting professor at Krirk University in Thailand, an EU-Asia research coordinator at the European Business University of Luxembourg, and a visiting researcher at the Australian Studies Centre of Shanghai University. Moreover, he serves as a guest professor at Emlyon Business School, China, and is an adjunct faculty member at George Washington University’s master (finance) program at Renmin University of China. Previously, he was a casual academic at the University of South Australia Business School. As the primary author, Mr. Yu has published over 10 articles, more than 52 peer-reviewed book chapters, and 13 edited books. He is the Associate Editor for Humanities and Social Sciences Communications (an SSCI-indexed journal), the Deputy Editor of the International Journal of Interdisciplinary Research in Social Science (IJIRSS), and the Editor of the European Academic Journal (EAJ). Furthermore, he is an entrepreneur and venture capitalist, collaborating with alumni and senior faculty members from Cambridge University. Mr. Yu has received several awards for his work.

• Foreword by Mohamed Mustafa bin Ishak Foreword by Ora Renagi OL Preface 1. Introduction to Sustainable and Inclusive Economic Development 2.The Current Economic Scenario 3. Agricultural Systems, Agrarian Crisis, and Sustainable Agriculture 4. Hunger, Poverty, Unemployment, Inequality, Inflation, Public Debt, and Sustainable Development 5. Historical Evolution of Developmental Theories 6. International Trade Theory and Sustainable Development 7. Human Resource, Climate Change, and Sustainable Development 8.Technological Choice, Underdevelopment, and Sustainable Development 9. Public Debt Sovereign Crisis and Capitalist Development Model 10. Harmony in Motion: Green Energy, Environment, and Sustainable Development 11. Sustainability and Inclusiveness with Achieving Self-Reliance Industrialization Index

“Provide[s] a comprehensive overview of the fundamentals of economic development, from the theoretical assumptions of their underpinning principles through to approaches to overcoming obstacles to economic development, and globalization and its impact on global trade and economic development. . . . Case studies provide concrete real-life examples that facilitate the grasp of abstract theories and concepts and go a long way toward enlivening classroom discussions. . . . Will prove to be a much sought-after textbook in institutions of higher learning . . . ”—From the Foreword by Prof. Dato’ Seri Dr. Mohamed Mustafa bin Ishak, Former Vice-Chancellor, Universiti Utara Malaysia“Explore[s] the theme of economic development in the era of instability by studying how the basic concepts and theories of economic development and growth could be adapted to the “new normal.” This book particular focus is also on the new challenges to sustainable development brought by the growth of global environmental and public health problems, such as climate change, deterioration of air, water, land, and other resources, reduction of biodiversity, and loss of many natural ecosystems. . . . The book describes contemporary issues of economic development in a systemic manner, making the narrative analytical and comprehensive so that it may easily be accessible to the broad public audience, including honors and postgraduate students, as well as used in competitive examinations . . . Appropriate for government officials, policymakers, and businesses in many countries.”—From the Foreword by Dr. Ora Renagi OL, Vice Chancellor, University of Technology, LAE, Papua New Guinea