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EA - Volume 68 - Issue 4

[<<< GO BACK ][ VOLUME 68 - ISSUE 4 ]

Title: Content
Abstract :

Content

Title: Editorial
Abstract :

Editorial

Title: Economic Analysis of Women Agri Startups in Manipur
Abstract :
Agri-business venture is an emerging need in the country for seamless integration of on-farm and nonfarm employment. This present paper is an attempt to investigate the production, investment feasibility, and problems faced by startups. A stratified random sampling was followed and the startup producing a similar type of product was aggregated to make 4 (four) product groups and from each group 2 (two) startups were selected. The study revealed that the business of the selected women agri startups is economically feasible and viable. The findings show that the profit earned by the Group I startups is comparatively higher than the other selected startups. The cost of production resulted higher in Group II (` 62,92,221). The benefit-cost ratio based on variable cost and total cost resulted higher in Group I by 1.53 and 1.51 respectively. Major problems faced by the startups were due to lack of funding or capital, poor transportation facilities, lack of entrepreneurial development training, non-availability of skilled workers/weavers, lack of guidelines and technical assistance, etc. Hence, the help of incubators, financial institutions, and provisions of entrepreneurial training by the government can boost the growth of the business.
Title: Financial Performance and Potential Feasibility of Black Rice (Oryza sativa L. Indica) Cultivation in Assam: An Empirical Study
Abstract :
This paper explores the economic and financial performance of black rice production in the upper
Brahmaputra valley region of Assam. Black rice, known for its rich nutritional value and cultural
significance, has gained attention from agri-entrepreneurs and development projects aiming to promote
its cultivation. The study employs various accounting ratios, such as gross profit ratio, profit-volume
ratio, and expenses ratio, to assess the profitability and financial health of black rice farmers in three
different categories based on farm size. Through a comprehensive analysis of primary data collected from
170 farmers, the study reveals that category C farmers, with the largest farm size, achieve the highest
average gross profit and gross profit ratio, followed by category B and category A. Similarly, category
C farmers incur higher expenses on machinery and fertilizers but maintain the lowest expense ratio.
Conversely, category A farmers have the highest expense ratio but achieve the lowest average gross
profit and profit volume ratio. Break-even analysis and margin of safety are employed to understand
the profitability and financial strength of black rice farmers. The study finds that category C farmers
have the highest break-even point and the highest margin of safety ratio, followed by category B and
category A. The research concludes that black rice cultivation holds immense potential for economic
growth and livelihood improvement in Assam. However, despite favorable agro-climatic conditions,
commercial production remains limited. Further research is needed to understand the barriers to scale up
production and promote the systematic adoption of black rice cultivation to achieve nutritional security
and enhance livelihoods in the region.
Title: Economic Evaluation of Cost and Returns of Potato Crop towards Livelihood Security of Farmers in the Nalanda District of Bihar
Abstract :
India is the world’s second – larger producer of veggies, after China. The primary vegetable grown in
Nalanda is the potato. The goal of the current analysis was to analysis potato farming costs and returns
using various cost models. The study was carried out in Bihar sarif and Noor Sharai block, which were
chosen due to their high potato production and area. Number of farmers in each category based on
probability proportional to size (PPS). Cost of cultivation of potato on the sample farms in Nalanda
district of Bihar. Production is generally considered to be a function of area and yield. The selection of
crop enterprise to be chosen in the farm and the location and distribution of resources within it depend
to a great extent on the yield of the crop, its price and the cost of the inputs used for its production. These
measurements for potatoes were developed as a result of taking into account the cost of cultivation and
returns on various production aspects when choosing a crop. Per hectare, on an average ` 92552.03 was
spent on potato. In the medium farm category, ` 100166 was spent on farming the highest. Followed by
small farms ` 92867 and marginal farms ` 84623.09. The cost of various components of cultivation such as
tubers (seeds) is the highest (22.95%) in the variable cost, followed by (19.46 per cent) Human labour. The
remaining significant factor included the fertilizer (8.82 per cent), irrigation charge 7.77 per cent, machine
charge 6.49 per cent, plant protection 3.79 per cent, manure 3.06 per cent, depreciation rate 1.62 per cent
and land revenue 0.24 per cent and the percentage of rental value of own land includes cost of fixed
cost (21.61 per cent), interest on fixed capital 2.95 per cent and interest on working capital 1.23 per cent.
Title: Capability Enhancement of Agricultural Extension Personnel through ICT Interventions and its Economic Impact in Bangladesh
Abstract :
In this paper, we evaluated the performance of various ICT interventions to empower agricultural
extension personnel, especially the Sub Assistant Agriculture Officer (SAAO) and Upazila Agriculture
Officer (UAO), the major stakeholders in Bangladesh’s existing agricultural extension system. It is
usually challenging for extension staff to keep track of their services and get up-to-date agricultural
knowledge in developing nations due to the enormous geographical area and quantity of farmers and
insufficient training and monitoring. Different ICT applications and tools, such as online and offline
agricultural consultation services applications, a digital diary for recording the daily activities of the
SAAOs, a monitoring system for the UAOs, and audiovisual materials have been developed to support
the extension people. The evaluation was done after collecting data from Focus Group Discussions (FGD),
Key Informant Interviews (KII), surveys, and server-side data processing. This study revealed that ICT
applications have increased the knowledge base, efficiency, confidence level, and acceptance of the SAAOs
and improved the financial aspects of the agriculture extension services. Thanks to ICT interventions,
farmers receive timely and quality services from SAAO, leading to increased crop production and a
better lifestyle for farmers.
Title: Examining the Impact of the Hundi System on the Economy of Bangladesh: Evidence from the Northern Area of the Country
Abstract :
Bangladeshi law forbids the use of the informal remittance system known as “hundi.” It is not supported
by law. The purpose of this study is to comprehend the benefits and drawbacks of Bangladesh’s Hundi
system. Data from 400 respondents in total were used to assess the survey results. The research was
conducted using both a qualitative and quantitative technique. The research employed purposive and
snowball sampling. Descriptive statistics revealed that three-fourth of the hundi consumers, 40% of the
hundi business operators, and 67% of the key informant’s transacted money to India only, and the rest
transacted to India, Nepal, Bhutan, and Sri Lanka. All the respondents transacted a huge amount of money
to the above countries for the purpose of business, treatment, education and migration. The consumers
provided and the business operators took commissions at a rate of 2-10 Taka for money transaction. To
transact money via hundi, majority of the respondents did not require to submit/have any document,
whereas a few required to provide/have NID and mobile or bank details. The respondents brought goods/
products through hundi, and goods/products were cosmetics, stones, Agri products, medicine, bicycle/
bike parts, electronic products, spices, cow, fish, and Sharee. Majority of the consumers felt comfortable
sending money through hundi, and majority of the respondents suggested to provide business license/
legal basis to the hundi business. The findings and associated policy recommendations are deemed
helpful to understand the impact of hundi system on Bangladesh economy. The findings of this project
would help the policy makers and planners formulate appropriate policy and programs regarding hundi
system in Bangladesh.
Title: An Investigation of the Relationship Between Parents’ Socioeconomic Standards and their Children’s Online Safety; Perspective: Bangladesh
Abstract :
The field of child-computer interaction has garnered significant interest from researchers worldwide.
Nevertheless, the discourse around the protection of children’s digital safe, that includes privacy and
security remains significantly underrepresented in both Bangladesh and the broader global south. In
situations where a significant portion of senior and adult persons lack awareness regarding optimal
strategies for effectively utilizing digital gadgets and tools, it is difficult to anticipate a higher level of
proficiency among younger individuals. Privacy generally encompasses the capacity of individuals to
exercise control over, get access to, and govern their personal data. In contrast, the security system serves
to mitigate the risk of unauthorized access, data leakage, or cyber intrusions, therefore safeguarding the
data from potential compromise. Previous studies have indicated that the responsibility for safeguarding
the digital privacy and security of children lies with both parents and children themselves. Regrettably, a
dearth of scholarly investigations exists within the domain, hindering the ability to systematically monitor
and analyze the potential relationship between parental socioeconomic status and the privacy and safety
of their offspring. This research aims to discover the correlation. This study employed semi-structured
interviews with a sample of 48 parents and 42 children from diverse socioeconomic backgrounds, including
high income, middle income, and low-income groups. The collected data were subjected to statistical
analysis. The findings of this study indicate that children from high income families are more susceptible
to online safety issues compared to their counterparts from low-income households. This vulnerability is
attributed to factors such as the widespread availability of internet access and personal digital devices,
greater purchasing power on online platforms, and a lack of parental monitoring. This study presents a
limited number of recommendations for parents and children across various socioeconomic backgrounds
in order to enhance the state of internet safety for children.
Title: Revolution of Emerging Information Technology in Transportation and Logistics Management System Context of Indian Smart City: Economical Aspects
Abstract :
Good quality transportation system enhances the growth of economy and extends social development
in the country. Transportation fills the gap of communication between the places. It helps to improve
trading, businesses in different states of the country. Logistic management is another side of transportation
of goods from the factory source to the delivery point. Logistics management is the vital to increase the
growth of business as well as economic growth of the country. Technology plays the role to improve
transportation and logistics management system. Technologies are renovated in regular basis and
new technologies are appeared in this era. Emerging information technologies are included to mold
the transportation system as smart and intelligent. The modern city is advancing in all the directions
nowadays, modern cities are comprising as smart and advance city. Smart transportation is the essential
aspect of smart city. Therefore, advancement of transportation in smart city is very significant. Logistic
management is emergent aspect of business. Progress of business extend the economical potency of
country. Therefore, modernization of logistic management system is very essential. Role of information
technology in transportation and logistics management system is portrayed in this paper. Impact of
economic factors in growth of transportation and logistics management system in context of Indian
smart cities are emphasis in this paper.
Title: Handloom Weaving: Critical Factors influencing the Satisfaction- The Socio & Economic Context
Abstract :
The miserable lives of handloom weavers are evident enough in every part of India where the handloom
products are not all sustainable. There have been a lot of strategies to revoke the industry for many times
in the way of schemes and interventions, but the efforts are all in vain and the livelihood of weavers is still
alarming. Though there have been innumerable problems causing the decreased level of satisfaction of
weavers, factors such as unorganised operations, product diversifications, credit needs, raw material, less
returns and marketing issues are extracted to be critical in influencing the living conditions of weavers.
The study is aimed to identify and assess the impact of certain critical factors on the increased levels of
living weavers’ conditions in Srikakulam district, Andra Pradesh state. The study was carried out with
a method mix of descriptive design, quantitative approach, non- probability sampling of convenience
technique and cross- sectional survey method. The data collected was analysis through influencing
statistics of factor analysis and multi regression analysis to extract the independent variables and explain
the dependent variable respectively. Specific recommendations were offered be the research out of
management implications with the interpretation. This paper explains the impact of each factor on the
survival and sustainability of handloom weavers.
Title: Aggregate Trend in the Financial Performance of Socially Responsible Investment: Case of Listed Moroccan Companies
Abstract :
The development of socially responsible investment (SRI) in the mid-1990s opened up a vast area of
research in portfolio construction. Indeed, investors are breaking with traditional financial theory by
integrating extra-financial elements into their portfolio management strategies. In this sense, the emergence
of this new type of investment has triggered a craze in the scientific community about the performance of
SRI, which has led to mixed results. One of the possible explanations for this heterogeneity of results is
that the methodology employed by the different studies has an inevitable influence on its result, or that
the financial performance of SRI can be influenced by the measure of financial performance employed
(risk or profitability variable). For this reason, the analysis of our data is conducted using a principal
component analysis of financial performance, which permits the construction of a synthetic index that
includes most of the variables used to measure financial performance in the empirical literature. The
objective here is to capture a general trend in the impact of SRI on this composite index of financial
performance. The results of the multivariate test on the composite index show that non-SRI firms have
a negative and statistically significant impact on the financial performance index. Similarly, the effect
of investments made by Engaged companies has a negative, but not statistically significant impact on
financial performance.
Title: Exploring the Intersection of Health Issues and Socioeconomic Status: A Study of Residents in the Teesta Breakage Area, Bangladesh
Abstract :
This study investigates the intricate relationship between health issues and socio-economic status in the
Teesta Breakage Area of Bangladesh. Utilizing a mixed-methods approach, we collected and analyzed
data from diverse sources, including health records, surveys, and interviews with local residents. Our
findings reveal a complex interplay of factors influencing health outcomes, including access to healthcare,
environmental conditions, and economic disparities. The study highlights specific health challenges
faced by the community and explores how these challenges intersect with varying socio-economic
statuses. Additionally, we identify potential interventions to address health disparities and promote
well-being in the Teesta Breakage Area. The insights gained from this research contribute to the broader
understanding of health dynamics in marginalized regions, providing a foundation for targeted policy
and intervention strategies.
Title: Present Status and Future Prospects of Jute Diversified Products in Domestic & Export Markets
Abstract :
Now a day’s products diversification and commercialization are very challenging work in the field of
agriculture. Jute is one of the cheapest as well as the strongest amongst the all other natural fibres. India
is the largest producer of jute followed by Bangladesh and China and world leader in manufacturing jute
goods. Tremendous competition from synthetic materials as well as declining demand for traditional jute
goods, demand is expected to rise in respect of its value-added diversified products like fine yarn, blended
yarn, specialty fabrics and non-woven based on jute and jute waste. Lots of innovative new products
have been developed with high value-addition by the researchers now a days, viz., home textiles, jute
composites, jute geo-textiles, paper pulp, technical textiles, chemical products, handicrafts and fashion
accessories etc. Globally, demand for diversified jute products is growing particularly in developed
country markets such as USA, Canada, Australia and Japan, where peoples are becoming increasingly
conscious about carbon footprint of consumer goods.
Title: Trends in Production of Pulses and Oilseeds Over Last Two Decades in Eastern India
Abstract :
India is a major producer and consumer of a wide variety of pulses and oilseeds but still struggles to
achieve self-sufficiency due to the growing disparity between demand and supply. The present study has
made an attempt to compare and disseminate trends in acreage, production, and productivity of pulses
and oilseeds over the last two decades (1999-2000 to 2018-2019). Regarding the computation of growth
and instability, a modified exponential production function is fitted, and to judge the overall change in
production, a decomposition of the trend in area and yield over two decades has been performed. Bihar
and West Bengal stand out as the primary producers of pulses, while rapeseed and mustard take the lead
among oilseed crops, followed by sesame. Odisha uniquely contributes to groundnut production, while
linseed has become integral to West Bengal’s overall oilseeds output. To enhance production in these
states, implementing HYV seeds, proper land preparation techniques, and adopting paira cropping in
rice-fallow situations can significantly boost the current status of pulses and oilseeds in the eastern India.
Title: Tax Policy: Impact on Business Development and Economic Dynamics of the Country
Abstract :
The optimal system, structure, and effectiveness of the tax system depend on many factors and are
characterized by several differences depending on the country’s social and economic development.
The purpose of the academic paper is to identify the features of the impact of the EU-27 countries’ tax
policy on business development and economic dynamics to determine the differences in this correlation.
Methodology. The statistical and regression analysis of the tax structure of the EU-27 countries is used
in the scientific article to evaluate its correlation with economic dynamics for the period 2000-2022 based
on the average values for the following periods: 2000-2005, 2006-2010, 2011-2015, and 2016-2022. The
results demonstrate a slowdown in economic growth in the EU-27 in the long run from 2000 to 2019 and
economic growth in 2021 to 2022 with no significant changes in the tax structure. The dynamics of tax
revenues were revealed to be stable, despite their different shares in GDP. In general, it is possible to
assert a low level of correlation between the share of tax revenues in GDP and the annual GDP growth
rate. The established regression model shows only a 9% change in GDP dynamics depending on the
change in the share of tax revenues to the budgets of the EU-27 countries. The research has identified
three groups of countries by the share of tax revenues, by the share of taxes on income, profit and capital
gains, and by the share of taxes on goods and services in the EU-27.
Title: Economic Consequences of Artificial Intelligence and Labor Automation: Employment Recovery, Transformation of Labor Markets, and Dynamics of Social Structure in the Context of Digital Transformation
Abstract :
Globalization, industrialization, and digitalization have led to structural changes in the economy and
labor markets, affecting their internationalization, flexibility, labor mobility, and the emergence of new
forms of employment. The purpose of the academic paper is to identify the economic consequences of
digital transformation and automation of labor markets on the example of the EU-27 countries for the
period 2013-2022. The structural-functional analysis was used in the academic paper to characterize and
systematically study the economic consequences of digitalization and automation in the labor markets
of the EU-27 countries. The functioning of the labor market in various EU-27 countries in the context of
digital transformation is characterized by a number of features. The EU-27 labor markets are characterized
by rapid employment recovery, especially during the pandemic and economic downturn in 2020, and
employment revival in 2021-2022.
Title: Risk Management Strategy for International Investment Projects of an Innovative Enterprise in the Context of Industry 4.0
Abstract :
The significance of risk management within the framework of Industry 4.0 is on the rise, particularly
within the realm of international investment projects. Contemporary technological advancements, such
as artificial intelligence and blockchain, are not only ushering in fresh prospects but are also instigating
the emergence of novel categories of risks. The primary objective of this investigation is to formulate
an all-encompassing strategic risk management framework tailored to innovative enterprises operating
within the purview of Industry 4.0. The envisaged research endeavour encompasses a thorough scrutiny
of existing methodologies and models, along with an exploration of contentious dimensions within this
domain. The study’s findings encompass criteria for the evaluation and quantification of risks, in addition
to pivotal risk factors that exert notable influence on the efficacy of international investment projects. The
pragmatic import of this investigation resides in its potential utility for enhancing managerial decisionmaking
across various tiers of the organizational hierarchy. The presented material seeks to facilitate
the alignment of conventional risk management approaches with the intricacies inherent in Industry 4.0.
Nonetheless, it is imperative to acknowledge that the efficacy of the formulated model may hinge upon
contextual nuances and might necessitate supplementary adaptations.
Title: Assessment of Socio-economic, Psychological Needs and Expectations of Internally Displaced Persons in Ukraine
Abstract :
The article investigates the socio-economic and psychological conditions and needs of 123 IDPs in the city
of Uman, Cherkasy region, Ukraine, and identifies their qualifications and the possibility of employment
in their speciality, access to useful information, the possibility of receiving state assistance and meeting
basic needs, reveals violations of the psycho-emotional state and the need for rehabilitation, the state of
physical and mental health, etc. It is proved that a prerequisite for successful adaptation of IDPs to new
realities is to take into account their psycho-emotional state. The most common stress factors are constant
anxiety about their relatives and friends, inability to meet basic needs and internal fear of an unknown
future. The study identified security, economic, social and psychological reasons that prevent people from
returning to their places of residence and reasons that may encourage IDPs to return home. The study
identified the following types of activities that have a therapeutic effect: bibliotherapy, nature therapy,
isotherapy, music therapy, dance, sound, and occupational therapy. It has been found that 82.5% of IDPs
do not realise the need for meetings with a psychologist to improve their psycho-emotional state, 13.8%
of IDPs are conscious of their own mental well-being, and only 2.4% of IDPs are unsure.
Title: Methodological Support of Social and Natural-Resource Evaluation of Inclusive Tourist Objects in the Sustainable Development Context
Abstract :
This research aims to form a scientifically grounded and usable methodological support of social and
natural-resource evaluation of inclusive tourist objects for the effective formation of a sustainable
inclusive tourism space. The author’s understanding of the social and natural-resource evaluation of
inclusive tourist objects as a set of ecological, economic, social, inclusive, and rehabilitation approaches
is suggested, which allows monitoring the natural-resource potential taking into account individual
characteristics, the accessibility of the tourist object and its rehabilitation opportunities for people with
disabilities of various nosologies. The research is based on an attempt to take into account subjective and
objective conditions in the aesthetic landscape valuation. The results obtained during their interaction
will make it possible to take into account the peculiarities of the landscape that affects a person, as
well as the specifics of perception and the degree of susceptibility of a person. Compliance with the
recommendations for social and natural-resource evaluation will make the socio-cultural space unhindered
for all categories of the population, which will provide access to social services for each person for
their integration, socialization, and adaptation. Methodological principles of quantitative evaluation of
accessibility parameters and attractiveness factors of natural resources and tourist infrastructure objects
for participants on the implementation of an inclusive rehabilitation and social tourism programme
have been developed, which will provide access to social services for every person and promote their
integration, socialization, and adaptation.
Title: The Impact of Digital Transformation on the Economy: Technological Innovation and Efficiency
Abstract :
The investigation into the evolution of the digital economy has yielded profound insights into its
fundamental nature, the pivotal drivers guiding its advancement, and the trajectories characterizing
the metamorphosis of economic operations within organizations. The outcomes of this inquiry are
primed to underpin the effectiveness, calibre, and dependability of information-driven and analytical
underpinnings, indispensable for informed managerial judgments geared towards nurturing the inventive
potential inherent in the digital economy. Furthermore, these findings address the impediments that
curtail seamless digital transformation. Among the preeminent findings engendering novelty in this
research, the subsequent elements stand out: the formulation of a comprehensive framework for the
delineation and taxonomy of economic activities within the digital economy domain, encompassing
both a classification schema for economic pursuits intrinsic to the digital sector and another for economic
endeavours facilitated by the integration of digital technologies. A comprehensive array of metrics has
been systematically devised to assess the evolution of the digital economy. This framework encompasses
indicators derived from information and communication technology (ICT) statistics, national economic
accounts, fixed asset investments, and foreign trade, as well as indicators custom-developed in consonance
with the proposed taxonomy of economic pursuits within the digital economy. This classification system
comprises five distinct blocks, each comprising discrete sets of indicators: those about the ICT sector, the
digital sector, organizational outlays on digital technologies, digital proficiency of the workforce, and a
holistic gauge of the digital economy. An intricate methodology has been formulated to quantitatively
evaluate the ICT sector’s state, progression, and competitive standing. This methodological construct
encompasses algorithms for the computation of physical quantities of gross value added and fixed
capital investment segregated by the nature of economic undertakings associated with the production of
ICT goods and provisioning ICT services. Also included are computations for the index of fixed capital
formation rate, alongside indicators appraising the extent of the economy’s engagement with international
trade concerning diverse digital products.
Title: Risk Management Strategies in the Global Business Environment: Analysis of Complex Dependencies and Effectiveness of Measures
Abstract :
The study investigates risk management strategies within the global business environment, focusing on
the analysis of intricate dependencies and the efficacy of corresponding measures. The significance of
this research arises from the contemporary reality wherein the business environment contends with a
multitude of influential factors capable of altering the organizational dynamics of the business realm.
Consequently, enterprises and companies must cultivate preparedness for diverse factors that threaten
their sustained viability. The article deliberates on risk management strategies within the global business
environment, emphasizing the analysis of complex dependencies and the effectiveness of implemented
measures. The significance of risk management in the current stage of development is delineated. The
essence of risk management strategies is explicitly defined, and factors that possess the potential to impact
the operational dynamics of enterprises adversely are systematically examined. The paper outlines various
methods of risk management planning, including acceptance, transfer, avoidance, and reduction. The
specific application nuances of each method are expounded upon. Additionally, the interrelationship
between risk management methods and strategies is delineated, providing clarity on their respective roles
and contributions. The examination of risk management strategies encompasses the analysis of specific
approaches, namely the one percent strategy, stop-loss and take-profit order strategy, diversification and
hedging, exit strategy, and research strategy. The study identifies the predominant domains wherein each
strategy is frequently employed, elucidating their fundamental characteristics and discerning their impact
on alterations within the company’s operations. Furthermore, illustrative examples of these strategies are
provided to enhance understanding. The summary of risk management strategy implementation in the
enterprise’s activities is presented, elucidating the principal aspects, stages, and procedural framework.
The determination of the impact of implementation on the company’s operations and its capacity to
mitigate risks is systematically addressed
Title: Modern Concepts of Public Administration in the Context of Sustainable Development
Abstract :
The article examines the main problems of the XXI century, the overcoming of which led to achieving the
United Nations’ Sustainable Development Goals adopted in 2015, replacing the Millennium Development
Goals. The authors systematically consider the governance process in sustainable development, paying
particular attention to the structural-functional and information-behavioral subsystems of governance.
Also, special attention is paid to the development of information technology and civil society, as well
as other changes in the late XX – early XXI century. These changes have influenced the concepts of
public administration, which are fundamental to achieving the SDGs. The article aims to determine
the methodological approaches necessary for the functioning of the public administration system in
the context of sustainable development. The primary research method used was a bibliographic study,
both descriptive and analytical. The analysis of scientific literature allowed the authors to conclude that
the following modern concepts of public administration in the context of sustainable development can
be implemented: “management of public values,” “digital citizenship,” “political networks,” “smart
(receptive/reflective) governance,” results/goals-based management, FAST-concept, “Open Government,”
and “Activating State.” The importance of involving people in addressing sustainable development issues
related to significant social, economic, and environmental problems, policy-making, and public service
delivery is hardly disputed today. As shown, modern concepts aim to enable citizens to participate in such
processes. These include access to and availability of information and the development of communication
technologies, including social media. In the XXI century of Knowledge Societies, the most creative
solutions will be created through open interaction and reliance on shared resources. The extraordinary
events (the pandemic and the war in Ukraine) have significantly slowed down the process of achieving
Sustainable Development Goals and, in some cases, made it impossible to achieve any results for some
goals. As a result, a new model of public administration in the context of sustainable development will
be required. The prospects for further research include defining a new concept of public administration
and its provision, which will consider the advantages of modern concepts and ensure their synergistic
effect so that the sustainable development agenda is
adopted by the state, business, and society.
Title: Destination Branding and the Corresponding Economy: A Study
Abstract :
The contemporary world is witnessing a huge contribution of the travel and tourism sector to the world
economy. It remains a critical factor in creating employment opportunities at global and regional levels.
The countries have identified it as a key driver for sustainable economic growth. With a promising future
ahead, the nations are now making their tourism business more organized and systematic by introducing
the idea of destinations. The policy makers are allocating higher budgets for developing destination’s
infrastructure like transportation, hotels, heritage, information technology, cleanliness, and hygiene. The
purpose is to attract potential tourists and investors. Hence, it is imperative to understand the factors
that are crucial in building destination brands. In line to the these, the present study is an attempt to
explore two specific areas, (I) The economic perspective of destination branding, and (II) The dimensions
that could help in developing the destinations as strong brands. The present study is a qualitative study
where the researchers have done systematic literature review of the related fields. Firstly, it has been
found that FTAs, DTVs, FDIs, and Domestic investments are the key drivers of economic growth of a
destination whereas FEEs, GDP, employment rates, number and nature of new jobs, international visitor
spending, and domestic visitor spending are the important KPIs for assessing the impact of destination
branding. Secondly, extensive literature search suggested that consumer-based brand equity is the key
element for building destination brands. Further, some key dimensions have been identified to build
strong customer-based brand equity that cannot just help in establishing strong destination brands but
can also have individual impact on destination’s economy and development. These dimensions are
namely destination image, destination awareness, destination brand identity, destination brand meaning,
destination brand experience, destination brand value congruence, and destination loyalty.
Title: Private EdTech Companies in India: The Techno-Financial Aspects
Abstract :
Education sectors are one of the growing sectors in India. The implementation of various basic and
emerging technologies in the education sector has led to rapid changes in the education system. With the
use of technology, the education system has now changed from traditional classroom based education to
digital education. Various private companies have established their businesses in the education sector. With
the adoption of various technologies like Artificial Intelligence, Cloud Computing, Bigdata Analytics and
so on, the EdTech companies are growing rapidly. The EdTech companies have setup Digital Education
infrastructure for the scientific delivery of education to the learners. The EdTech companies have tried to
synthesize different areas like- Education, Technology, Pedagogy, Business, Economics, Finance, Politics
and many more. The intelligent system of learning with scientific based personalize study material and
special doubt clearance have considered to make the relationship between curriculum, syllabus and
pedagogy. This paper discusses about the private EdTech companies in India. This paper discusses the
financial aspects of these private EdTech companies. Different basic and emerging Technologies used by
the private EdTech companies have also discussed in this paper.
Title: Does Jobs without Boundaries within the Gig Economy a Paradox?
Abstract :
The idea that individuals take ownership of their personal growth and, as a result, take control of
improving their job competences has been a major tenet of proponents of what is known as the
boundaryless professional view. In this provocative article, we discuss the barriers to and possible
solutions for advancing boundaryless professions in the gig economy, which, although initially seeming
to provide favourable circumstances for such occupations, is plagued by several variables that make
these professions difficult. Therefore, it’s possible that professions without boundaries exist in the gig
economy. Specifically, we hypothesise that gig workers’ employability is restricted by the acquisition of
pertinent professional competences that are hindered by intra- and interorganizational career barriers.
We then propose that, to reduce these limitations, we should think about eschewing employer-centric,
conventional HRM methods and introducing new, network-based, self-organized HRM actions (in the
form of collaborative communities of practice).
Title: Economical, Financial and Allied Concerns in healthy Agricultural Information Systems Practice: The Context of Developing Countries
Abstract :
Informatics is a domain not only for practicing but also a field of study which is really dedicated to study
about the information activities such as collection, selection, organization, processing, management
and delivery using technologies. The utilization of Informatics in various fields and sectors responsible
in developing other domain focused areas and fields such as Bio Informatics, Health Informatics, Geo
Informatics, Agricultural Informatics, and so on. Agricultural Informatics is also called as Agricultural
Information Technologies and Agricultural Information Science which is simply the merger of the
Agricultural Science with Information Science. Basic and latest applications of the IT and Computing in
Agriculture and other allied domains are developing and modernizing better and healthy Agricultural
practice with ICT. Various other technologies and systems also dedicated in agricultural activities for
proper and effective and healthy Agricultural Practice. Many countries worldwide dedicated in ICT
applications in Agricultural Systems for effective and progressive situation. Though, modern researchers
find-out some of the critical issues and challenges in Agricultural Informatics, and most of the issues are
related to the finance and economics including social. This work highlights fundamentals of Agricultural
Informatics including technologies and impact of Agricultural Information Science with reference to
the latest and researched issues, challenges of ICT in Agricultural Systems related to the economy and
Title: Information Infrastructure & Digital Divide: In the context of Indian Universities — The Economical and Financial Context
Abstract :
Each and every organization, institution needs information and allied objects for the growth and proper
development and without a sufficient amount of information it is very difficult to sustain and run an
organization. Universities and Higher Educational Institutions work and function based on various
academic and administrative units and sections; and in each and every section information is very much
crucial and valuable. The development of information related activities is called Information Systems and
‘Information Infrastructure’ is a broad concept which is required for information collection, processing,
management and delivery in manual and technological mode. There are different types of sections and
sub-sections exit in model Information Infrastructure systems. Each and every universities depend on
proper information management systems and there are issues in relation to social, technical, psychological,
economical and managerial. In an university system and general organization there are numerous systems
and procedures in managing data, information and other documentation. Many institutions keeps
information as usual and without any professionalism and that lead to the failure of organizational goal
and proper development. Economical and financial issues are alarming in purchasing and maintaining
technologies, systems, and Human Resources, etc. And this paper is about the basic of Information
Infrastructure with a special focus on economical and financial issues in the context of Digital divide.
Title: Innovative Mechanisms of Shaping the Migration Attractiveness of Ukraine Regions
Abstract :
The article examines the concept of migration attractiveness of the regions in its correlation with investment
attractiveness and its corresponding factors of influence. It is stressed that the example of Ukraine is a
unique in its kind, not experienced critical deteriorative influence of either hybrid war or active hostilities
on the migration attractiveness of the regions. As a result of literature research and studies of Ukrainian
data, it is proposed to use methodologies for assessment of investment attractiveness when designing
mechanisms of shaping migration attractiveness of the country’ regions, and apply matrix systemic
approach, taking into account, among other factors, sustainability (ESG) patterns.
Title: Global and Regional Threats to Human’, Society’, and State’ Security
Abstract :
The phenomenon of national security is considered in the context of the changing world order,
globalization and deterritorialization as global megatrends. The question is raised about the possibility
of de-actualizing the national level of security research. The conceptual landscape of the concept of
national security has been explored, traditional and new challenges to the state and society, which
complicate the policy of ensuring both national, global, and regional security, have been ordered and
analyzed. It is concluded that concepts, sources, methods, and types of national security policy need to
be rethought, in accordance with new types of threats, their hybridization and complexity. It is shown
that the development of modern theory and policy for ensuring human (personal) security is caused not
only by changes in philosophical and ideological ideas about the phenomenon of security, but also by
changes in approaches to the practical activities of states to ensure human security.
Title: Change Management and Implementation of Changes in the Field of Public Administration
Abstract :
The relevance of the research problem is determined both by the theoretical significance of the study of
managerial aspects of organizational changes in public administration organizations, and by the practical
tasks of improving the mechanism for their implementation. Based on the evolutionary method, the
existing theoretical and practical approaches to change management offered by the management theory
are described, and the prospects for their application in the field of public administration are assessed.
Agile paradigm is presented as an underlying one for addressing challenges of VUCA-world with regard
to public administration.
Title: Blockchain Technology and the Transformation of Financial Systems: From Decentralization to Innovative Solutions in the Global Economy
Abstract :
The article outlines the essence of blockchain and the peculiarities of its application in the financial
sector of the global economy in the context of its innovative development. The authors determined the
directions of blockchain application in the accounting and audit of fuel and energy companies. These
directions include smart contracts, collateral management, the use of stablecoins, tokenization of real
assets, invoice factoring, crypto staking, transactions in the virtual world and reward tokens, the support
of new types of B2B networks, simplification and tracking of data flow in a financial institution, and
the replacement of paper money. The risks of using blockchain technologies in the financial sector were
systematized and grouped into the following areas: the lack of familiarization and standardization; the
high energy intensity of the system, cybersecurity, and other technical issues; financial practice issues,
and technological barriers.
Title: Digital Marketing and its Role in Customer Acquisition
Abstract :
The study examines the role of digital marketing in customer acquisition. The relevance of this research is
driven by the fact that marketing is increasingly encompassing various industries today. One of its main
tasks is to acquire new customers. At the same time, the growing number of companies producing goods
with similar specifications means that marketing is beginning to use the latest technologies to increase its
target audience actively. As a result, the topic of digital marketing’s role in the cultivation of customer
loyalty is becoming an acute issue. The study aims to discover the role of digital marketing in customer
acquisition. The research object is digital marketing strategies. Research methods. The following research
methods were employed in this paper: description, analysis and synthesis, comparison, generalization,
and modelling. The article is dedicated to unravelling the role of digital marketing in customer acquisition.
The authors describe the impact of factors such as the virtual space, competition, the accessibility of the
average consumer to the Internet, and the lack of qualified personnel in marketing on the application of
digital marketing in business activities. The study characterizes the essence of the “digital marketing”
concept in broad and specific contexts. In addition, the authors identified the advantages of digital
marketing and its components. The article analyzes the main features of digital marketing applied to
customer acquisition. They include the Internet, mobile devices, digital television, interactive screens,
and local networks. The article summarizes digital marketing methods for attracting customers. The
authors investigate customer acquisition methods such as contextual advertising, retargeting, mobile
marketing, viral marketing, Big Data, RTB, SMM, SEO, SMO, SEM, and email marketing. During the
research, a model was developed that presents the main trends associated with digital marketing in the
context of customer acquisition. These trends include ads harmoniously embedded in content, online
advertising being widely present in the virtual space, advertising customized to a specific category’s
needs, advertising in various formats, and customer acquisition by forming a virtual community. This
article categorizes customer acquisition tools into three groups: paid resources, owned resources, and
earned resources
Title: Marketing Сommunication during the Crisis: Strategies for Customer Recovery and Retention
Abstract :
During an economic crisis, customers’ purchasing ability decreases, and company revenues become
unpredictable. However, the crisis is not always a negative phenomenon and a profit decline but a
chance to improve the company’s performance. Innovativeness, client orientation, customer retention,
and close interaction with them are key to business development success. The article complemented
the theoretical aspects of crisis management. It also substantiates the importance of strategic marketing
and the formation of marketing strategies in crisis management. The authors highlighted the causes
of customer outflow and the increasing importance of customer retention. The paper identified and
substantiated the basic principles and methods of building an anti-crisis marketing strategy for customer
recovery and retention. The authors indicated the main goal of the strategy, which is to increase profits
and reduce the cost of attracting new customers. They also described the indicators for evaluating the
customer retention process. The study analyzed the concepts, strategies, and tools for customer recovery,
retention, and acquisition and identified their features. Their application in the practical activities of a
company during a crisis period was grounded in overcoming crises and promoting successful company
operations in the current and future periods.
Title: Change Management Models and Methods: Implementing Innovations, Ensuring Sustainability and Engaging Staff
Abstract :
The article is devoted to the important topic of change management in today’s business environment,
where innovation, sustainability, and employee engagement have become critical factors for organizations’
success. The article examines various models and methods of change management aimed at implementing
innovative practices, ensuring sustainability, and actively involving personnel. In the modern business
world, changes play a key role in the competitiveness of organizations. However, many organizations
face difficulties in implementing innovations, ensuring the sustainability of their development, and
involving staff to actively participate in changes. The main goal of this article is to research models and
methods of change management aimed at introducing innovations, ensuring sustainability, and involving
personnel in organizational processes. The object of research is the process of change management in
organizations. The research subject is models and methods of change management aimed at introducing
innovations, ensuring sustainability, and involving personnel in organizational processes. The authors
used the method of scientific literature analysis to familiarize themselves with modern approaches to
managing change, innovation, and sustainability in organizations. This analysis helped to understand
critical theoretical approaches and concepts. To investigate the practical aspects of change management,
the authors conducted empirical research on organizations implementing innovative practices. The
article has great relevance in a rapidly changing business environment where organizations must be
ready to innovate, ensure sustainability, and engage their staff to achieve success and competitiveness.
Researching change management models and methods will help organizations better understand how to
achieve these goals and manage change effectively. This article’s results can be useful for managers and
leaders of organizations that seek to introduce innovation, ensure sustainability, and involve personnel
in active participation in change processes. Recommendations and practical findings can be used to
improve change management strategies.
Title: Innovative Risk Management: Identification, Assessment and Management of Risks in the Context of Innovative Project Management
Abstract :
The article aims to solve the critical problem of risk management in the context of innovative projects,
which affects the competitiveness and sustainability of organizations in the modern business environment.
The purpose of the article is to highlight and develop an innovative approach to risk management in
innovative projects to improve their success. The article examines the theoretical foundations of risk
management in the context of innovative projects, including concepts, principles, and methods of risk
management. The article identifies and analyzes the key risks that arise in the process of implementing
innovative projects, including technological, financial, market and organizational risks. The article
proposes the development of risk assessment methods and tools in the context of innovative projects,
which may include the use of analytical methods, models, and approaches to assess the probability of risk
occurrence and their potential impact on projects. The article offers effective methods of risk management
in innovative projects the development of proactive measures to prevent risks, the determination of
control points, the implementation of backup plans, and the development of a risk monitoring and control
system. The article provides practical recommendations and examples of implementing innovative risk
management in the real field of innovative project management. The authors examine various aspects
of risk management and offer practical recommendations for managing them effectively. The results of
the study will contribute to the improvement of risk management practices in organizations engaged in
innovative activities and contribute to ensuring sustainable development and competitiveness.
Title: Post-war Recovery Practices for Ukraine, based on the Experience of other Countries that have Undergone Similar Processes
Abstract :
This article aims to study the specifics of post-war recovery practices in European countries to elaborate
on the key recommendations for Ukraine’s post-war reconstruction policy. The research methodology is
based on general scientific and empirical methods of studying political, economic, social, and institutional
factors of Ukraine’s recovery and similar practices of the most developed countries. The study results of
post-war reconstruction practices in European countries prove the importance of building institutional
norms, European integration (political, economic, ideological, and value-based), and mechanisms for
financing development projects to create a new innovative model of economic growth and social welfare.
Furthermore, the implementation of the Marshall Plan (European Recovery Program) and the Dodge Line
(Recovery Program for Japan) prove the importance of creating capable institutions and their political
cooperation with the affected countries to promote industrial growth and transition to post-industrial
societies dominated by a significant share of the quaternary and quinary economy sectors. Practical
relevance. The article’s authors analyzed the Recovery Plan of Ukraine compared with the reconstruction
plans of European countries and Japan. The authors have identified the need for institutional support
from international partners due to high corruption risks in Ukraine, the resource-based structure of the
Ukrainian economy, and the need to stimulate economic development through investment, innovation,
and building effective education, social security, and healthcare systems. Therefore, as part of Ukraine’s
recovery policy, it would be reasonable to use mechanisms of institutional and political support from
partners and economic development financing means to address the problem of institutional failure in
Ukraine.
Title: The Strategic Role of the State in Stimulating and Supporting Economic Growth: Tools, Policies and Influence on the Modern Economic Paradigm
Abstract :
The article examines issues related to the state’s role in economic growth stimulation in the context of the
dynamics of global economic and technological development. Even though measures for state regulation
of the economy are intended to create favourable conditions for accelerating economic growth, this process
is closely related to numerous factors that can have both positive and negative effects on the results of
stimulating and supporting economic growth. Also, the article touches on international models in the
field of government regulation of the national economy, examines their main features, as well attempts
to outline the peculiarities and uniqueness of economic development and the government’s role in the
economy in the era of information society.
Title: Supply Chain of Pahala Rasagola in Odisha
Abstract :
Pahala Rasagola is known in every corner of the consumers in Odisha due to its taste, ethnicity and purity
that mend the researchers to understand its supply chain and issues intricate in it through this study. For
that sake, a total 10 retailors and 200 consumers were tested through a pre-structured schedule in which
operations regarding Rasagola making, supply chain interventions, costs, margins and simultaneously
various constraints were identified through this study. Seasonal impact, locational disadvantages, and
spoilage of the Rasagola due to its perishable nature are coming as the major deterrents at the retailers’
level where as consumers also worry about poor shelf-life of the Rasagola and quality issues in their
consumption centric behavior. It opens the scope of organized retailing and web based interface for
better product delivery in future.
Title: Farm Access Roads: The Low Cost Convergence Model for Doubling Farmers’ Income in India
Abstract :
In agricultural sector, many policy reforms in India are introduced to achieve the target of doubling
farmers’ income. Most of the recent studies and policy focuses on rural roads, while the critical part, which
is still unaddressed, is the farm access roads (Pandan or Dhuri roads). We did a study in Amravati district
of the Maharashtra state on the farm access roads. Farms are becoming inaccessible because of absence of
proper road. Farmer are not able to take high value crops, scheduled farm operations are getting distorted
and sometimes bringing the harvest from farms to home or market becomes difficult. In addition, owing
to accessibility issues, farmers are not able to cultivate land, which result in low productivity and low
income, especially small and marginal farmers, who are the majority, have no capacity to pay for or build
farm roads. We recommend a convergence “farm road access model” implemented in Amravati district,
dovetailing schemes of the Mahatma Gandhi National Rural Employment Guarantee (MGNREGA),
state funds and farmer’s contribution or Corporate Social Responsibility (CSR) funds. The two types of
roads under this model are as, low cost farm access road of ` 1,50,000 per kilometre and high cost road of
` 17,00,000 per kilometre. The impact of farm access roads is that farmers are able to get access to their
land throughout the year and are able to do farm operations timely. Overall, it resulted in increase in
farmers’ income by one third. Therefore, we strongly suggest replicating the Amravati farm access road
(Har Khet ko Rasta) model across the nation.
Title: The Impact of Innovations and Technological Development on Modern Society and Global Dynamics
Abstract :
In the modern world, technical development and innovations are crucial in determining social, economic,
and cultural realities. The topic of the impact of these factors on global dynamics is becoming increasingly
relevant, considering their continuous advancement and globalization trends. The purpose of the present
academic paper is to analyze the impact of innovations and technological development on modern
society, with a special focus on global transformations. The dialectical approach was used as the research
methodology, supplemented by systemic, structural-functional and sociological methods. As a result of
the research, the historical context of innovations, their impact on social-cultural processes and the role
of technological development as a driver of global change were identified. The primary focus was on
analyzing the interaction of technologies with social structures, as well as their influence on the formation
of new cultural codes and identities. It has been revealed that technologies not only serve as a catalyst
for social and cultural transformations but also cause a number of social challenges, including resource
imbalance, risks of dehumanization and new forms of inequality. The academic paper also emphasizes
the importance of adaptive strategies of society in response to technological challenges. This research
makes a significant contribution to understanding the dynamics of modern society by emphasizing
the key role of technology in global processes and showing ways to integrate it effectively to achieve
sustainable development.