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Historical Evolution of Sustainable Community Economic Development in Business and Economics

Author

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  • Mohamed K Haq

    (M.Com., PGDPM, M.Sc. (LSE, UK) Ph.D. Scholar in Management at Limkokwing University of Creative Technology, Malaysia Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:)

Abstract

"Objective - Sustainable Community Economic Development (SCED) has gradually changed overtime from production philosophy to the welfare ideology of assuring a better future for a resilient community in business and economics. SCED contributesto poverty alleviation, employment generation, sustainable community design, disaster control and resilience, biodiversity protection, and much more.The objective of this study is to conduct a literature review of this concept fromthe global and Bangladeshi perspective. Methodology - Peer reviewed publications in English language were considered indexed on the Scopus and Web of Science database. The study designed 2timelines of SCED concept evolution based on the information derived from the existing peer-reviewed publications. Findings - Both timelines (global and Bangladeshi) were found interrelated on some points, especially the third phase of the global SCED connected with the first phase of Bangladesh's SCED timeline, immediately after the Liberation War. Novelty - The study concludes that SCED is an ever-changing area of research and future research would reveal more sustainable features that would increase the sustainability and resilience of the business community. Type of Paper - Review"

Suggested Citation

  • Mohamed K Haq, 2021. "Historical Evolution of Sustainable Community Economic Development in Business and Economics," GATR Journals jber210, Global Academy of Training and Research (GATR) Enterprise.
    • Handle: RePEc:gtr:gatrjs:jber210
    DOI: https://doi.org/10.35609/jber.2021.6.3(1)
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    References listed on IDEAS

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    1. James X. Zhan & Amelia U. Santos-Paulino, 2021. "Investing in the Sustainable Development Goals: Mobilization, channeling, and impact," Journal of International Business Policy, Palgrave Macmillan, vol. 4(1), pages 166-183, March.
    2. Ifad, 2021. "IFAD RURAL DEVELOPMENT REPORT 2021 - Transforming food systems for rural prosperity," IFAD Research Series 313753, International Fund for Agricultural Development (IFAD).
    3. Rostow,W. W., 1971. "Politics and the Stages of Growth," Cambridge Books, Cambridge University Press, number 9780521096539, October.
    4. Darrin Wilson & Rosalia Polter, 2020. "Sustainable local economic development indicator framework: A tool for property building redevelopment projects," Community Development, Taylor & Francis Journals, vol. 51(5), pages 609-627, October.
    5. Douglass C. North, 1955. "Location Theory and Regional Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 63(3), pages 243-243.
    6. Butler, Megan & Current, Dean, 2021. "Relationship between community capitals and governance: The perspective of local actors in the Maya Biosphere Reserve," World Development Perspectives, Elsevier, vol. 21(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Economic Development; Community Economic Development; Sustainable Community Economic Development (SCED); Bangladesh; NGOs; MFIs.;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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