IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i9p5262-d550635.html
   My bibliography  Save this article

The Global Development Formula

Author

Listed:
  • Eduardo Medeiros

    (Instituto Universitário de Lisboa (ISCTE-IUL), DINÂMIA’CET—IUL, 1649-026 Lisboa, Portugal
    Avenida das Forças Armadas, Edifício Sedas Nunes, Sala 2W4-d, 1649-026 Lisboa, Portugal)

Abstract

Development remains a central concept for policy design and implementation aimed at improving the quality of life of the world population, despite a manifest rise in neoliberalist economic growth policy strategic guidance rationales. In accepting the relevance of development processes, this paper proposes a global development formula embracing four main pillars and their respective components: (i) global governance; (ii) global wealth; (iii) global resources; and (vi) global sustainability. Ultimately, this global development perspective presents a more comprehensive and holistic lens than current development visions to demonstrate the development status of territories at all territorial scales. By using existing indexes associated with the proposed main pillars of development, the research presents a novel global development index for 2020.

Suggested Citation

  • Eduardo Medeiros, 2021. "The Global Development Formula," Sustainability, MDPI, vol. 13(9), pages 1-15, May.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:9:p:5262-:d:550635
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/9/5262/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/9/5262/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eduardo Medeiros & Daniel Rauhut, 2020. "Territorial Cohesion Cities: a policy recipe for achieving Territorial Cohesion?," Regional Studies, Taylor & Francis Journals, vol. 54(1), pages 120-128, January.
    2. Eduardo Medeiros & Arno Van Der Zwet, 2020. "Evaluating Integrated Sustainable Urban Development Strategies: a methodological framework applied in Portugal," European Planning Studies, Taylor & Francis Journals, vol. 28(3), pages 563-582, March.
    3. Eduardo Medeiros & Martín Guillermo Ramírez & Gyula Ocskay & Jean Peyrony, 2021. "Covidfencing effects on cross-border deterritorialism: the case of Europe," European Planning Studies, Taylor & Francis Journals, vol. 29(5), pages 962-982, May.
    4. Benjamin Cohen, 2012. "The Benefits and Costs of an International Currency: Getting the Calculus Right," Open Economies Review, Springer, vol. 23(1), pages 13-31, February.
    5. Arjun Jayadev, 2011. "Global Governance and Human Development: Promoting Democratic Accountability and Institutional Experimentation," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 12(4), pages 469-491, November.
    6. Scott A. Kulp & Benjamin H. Strauss, 2019. "Author Correction: New elevation data triple estimates of global vulnerability to sea-level rise and coastal flooding," Nature Communications, Nature, vol. 10(1), pages 1-2, December.
    7. John Joshua, 2019. "The Belt and Road Initiative and the Global Economy," Springer Books, Springer, number 978-3-030-28068-0, December.
    8. Coe, Neil M. & Yeung, Henry Wai-chung, 2015. "Global Production Networks: Theorizing Economic Development in an Interconnected World," OUP Catalogue, Oxford University Press, number 9780198703914.
    9. Jean-Philippe Thérien & Vincent Pouliot, 2020. "Global governance as patchwork: the making of the Sustainable Development Goals," Review of International Political Economy, Taylor & Francis Journals, vol. 27(3), pages 612-636, May.
    10. Fitzgerald, Joan, 2010. "Emerald Cities: Urban Sustainability and Economic Development," OUP Catalogue, Oxford University Press, number 9780195382761.
    11. Jamal Al-Qawasmi & Muhammad Asif & Ahmed Abd El Fattah & Mohammad O. Babsail, 2019. "Water Efficiency and Management in Sustainable Building Rating Systems: Examining Variation in Criteria Usage," Sustainability, MDPI, vol. 11(8), pages 1-16, April.
    12. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
    13. René Schmidpeter & Nayan Mitra & Bonnie Lewtas, 2020. "The Future of the UN Sustainable Development Goals: Business Perspectives for Global Development in 2030," CSR, Sustainability, Ethics & Governance, in: Nayan Mitra & René Schmidpeter (ed.), Corporate Social Responsibility in Rising Economies, pages 1-11, Springer.
    14. Ruth Kattumuri, 2018. "Sustaining natural resources in a changing environment: evidence, policy and impact," Contemporary Social Science, Taylor & Francis Journals, vol. 13(1), pages 1-16, January.
    15. Scott A. Kulp & Benjamin H. Strauss, 2019. "New elevation data triple estimates of global vulnerability to sea-level rise and coastal flooding," Nature Communications, Nature, vol. 10(1), pages 1-12, December.
    16. John Joshua, 2019. "The Belt and Road Initiative and the Global Economy," Springer Books, Springer, number 978-3-030-28030-7, December.
    17. Juho Luukkonen & Helka Moilanen, 2012. "Territoriality in the Strategies and Practices of the Territorial Cohesion Policy of the European Union: Territorial Challenges in Implementing “Soft Planning”," European Planning Studies, Taylor & Francis Journals, vol. 20(3), pages 481-500, March.
    18. Andy Pike & Andres Rodriguez-Pose & John Tomaney, 2007. "What Kind of Local and Regional Development and for Whom?," Regional Studies, Taylor & Francis Journals, vol. 41(9), pages 1253-1269.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Joanna Przedrzymirska & Jacek Zaucha & Helena Calado & Ivana Lukic & Martina Bocci & Emiliano Ramieri & Mario Cana Varona & Andrea Barbanti & Daniel Depellegrin & Marta de Sousa Vergílio & Angela Schu, 2021. "Multi-Use of the Sea as a Sustainable Development Instrument in Five EU Sea Basins," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    2. Aleksy Kwilinski & Nataliya Dalevska & Vyacheslav V. Dementyev, 2022. "Metatheoretical Issues of the Evolution of the International Political Economy," JRFM, MDPI, vol. 15(3), pages 1-14, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Luke J. Jenkins & Ivan D. Haigh & Paula Camus & Douglas Pender & Jenny Sansom & Rob Lamb & Hachem Kassem, 2023. "The temporal clustering of storm surge, wave height, and high sea level exceedances around the UK coastline," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 115(2), pages 1761-1797, January.
    2. Alberto Alesina & Marco Tabellini, 2024. "The Political Effects of Immigration: Culture or Economics?," Journal of Economic Literature, American Economic Association, vol. 62(1), pages 5-46, March.
    3. Xueyang Liu & Xiaoxing Liu, 2021. "Can Financial Development Curb Carbon Emissions? Empirical Test Based on Spatial Perspective," Sustainability, MDPI, vol. 13(21), pages 1-19, October.
    4. D. J. Rasmussen & Scott Kulp & Robert E. Kopp & Michael Oppenheimer & Benjamin H. Strauss, 2022. "Popular extreme sea level metrics can better communicate impacts," Climatic Change, Springer, vol. 170(3), pages 1-17, February.
    5. Stephanie A. Siehr & Minmin Sun & José Luis Aranda Nucamendi, 2022. "Blue‐green infrastructure for climate resilience and urban multifunctionality in Chinese cities," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 11(5), September.
    6. Michaël Goujon & Olivier Santoni & Laurent Wagner, 2022. "The Physical Vulnerability to Climate Change Index computed at the sub-national level," Working Papers hal-03672203, HAL.
    7. Julien Boulange & Yukiko Hirabayashi & Masahiro Tanoue & Toshinori Yamada, 2023. "Quantitative evaluation of flood damage methodologies under a portfolio of adaptation scenarios," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 118(3), pages 1855-1879, September.
    8. Hasselwander, Marc & Bigotte, Joao F. & Antunes, Antonio P. & Sigua, Ricardo G., 2022. "Towards sustainable transport in developing countries: Preliminary findings on the demand for mobility-as-a-service (MaaS) in Metro Manila," Transportation Research Part A: Policy and Practice, Elsevier, vol. 155(C), pages 501-518.
    9. Aishwarya Narendr & S. Vinay & Bharath Haridas Aithal & Sutapa Das, 2022. "Multi-dimensional parametric coastal flood risk assessment at a regional scale using GIS," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(7), pages 9569-9597, July.
    10. Yong Jee KIM & Brigitte WALDORF & Juan SESMERO, 2020. "Relocation, Retreat, and the Rising Sea Level: A Simulation of Aggregate Outcomes in Escambia County, Florida," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 51, pages 31-43.
    11. Amar Causevic & Matthew LoCastro & Dharish David & Sujeetha Selvakkumaran & Ã…sa Gren, 2021. "Financing resilience efforts to confront future urban and sea-level rise flooding: Are coastal megacities in Association of Southeast Asian Nations doing enough?," Environment and Planning B, , vol. 48(5), pages 989-1010, June.
    12. Giustolisi, Alessio & Terstriep, Judith, 2020. "Chinesische Investitionen im Ruhrgebiet: Eine Chance für den Strukturwandel?," Forschung Aktuell 09/2020, Institut Arbeit und Technik (IAT), Westfälische Hochschule, University of Applied Sciences.
    13. Katerina Trepekli & Thomas Balstrøm & Thomas Friborg & Bjarne Fog & Albert N. Allotey & Richard Y. Kofie & Lasse Møller-Jensen, 2022. "UAV-borne, LiDAR-based elevation modelling: a method for improving local-scale urban flood risk assessment," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 113(1), pages 423-451, August.
    14. Arun Rana & Qinhan Zhu & Annette Detken & Karina Whalley & Christelle Castet, 2022. "Strengthening climate-resilient development and transformation in Viet Nam," Climatic Change, Springer, vol. 170(1), pages 1-23, January.
    15. Bera, Subhas & Das, Arup & Mazumder, Taraknath, 2021. "Spatial dimensions of dichotomous adaptive responses to natural hazards in coastal districts of West Bengal, India," Land Use Policy, Elsevier, vol. 108(C).
    16. Jingfan Zhang & Shuchai Gan & Pingjian Yang & Jinge Zhou & Xingyun Huang & Han Chen & Hua He & Neil Saintilan & Christian J. Sanders & Faming Wang, 2024. "A global assessment of mangrove soil organic carbon sources and implications for blue carbon credit," Nature Communications, Nature, vol. 15(1), pages 1-7, December.
    17. Laura Bakkensen & Quynh Nguyen & Toan Phan & Paul Schuler, 2023. "Charting the Course: How Does Information about Sea Level Rise Affect the Willingness to Migrate?," Working Paper 23-09, Federal Reserve Bank of Richmond.
    18. Lomborg, Bjorn, 2020. "Welfare in the 21st century: Increasing development, reducing inequality, the impact of climate change, and the cost of climate policies," Technological Forecasting and Social Change, Elsevier, vol. 156(C).
    19. Eduardo Medeiros & Ana Brandão & Paulo Tormenta Pinto & Sara Silva Lopes, 2021. "Urban Planning Policies to the Renewal of Riverfront Areas: The Lisbon Metropolis Case," Sustainability, MDPI, vol. 13(10), pages 1-20, May.
    20. Mohamed A. Abdelhafez & Hussam N. Mahmoud & Bruce R. Ellingwood, 2024. "Adjusting to the reality of sea level rise: reshaping coastal communities through resilience-informed adaptation," Climatic Change, Springer, vol. 177(7), pages 1-20, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:9:p:5262-:d:550635. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.