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There is ample evidence that financial market development leads to economic growth. If improving labor rights can be shown to positively influence equity markets, then that, in turn, will lead to economic growth. The finance literature has examined the impact of a broader metric, namely, the Economic Freedom Index, on equity returns worldwide, and the evidence is mixed. This study focuses on one dimension of economic freedom: labor rights. Specifically, the study analyzes the impact of labor rights on national equity market indexes using the Labor Rights Index developed by the Organization for Economic Co-operation and Development (OECD) and the Fraser Institute (FI). Using panel regression analysis for 49 countries (for the OECD Index) and 76 countries (for the FI Index) over the period 1985–2014, the study finds that changes in labor rights have a statistically significant positive impact on equity returns, after controlling for business-cycle effects and time-fixed effects. The study also finds significant differences in the labor–rights–equity returns relationship between developed and less developed economies.

We study the potential effects of pension underfunding on corporate investment, financial constraints and improved employee bonding using 10 Pacific-Basin countries (including the United States, Australia, and eight Asian countries) at heterogeneous economic development stages and different regulatory environments. We document that corporate pensions are significantly underfunded in most countries of our sample in the period of 2001–2017, when interest rates were ultralow in most countries. In addition, firms from countries with stronger employee protection and more generous retirement benefits tend to show higher levels of underfunding in their defined benefit (DB) pension plans. To the extent of pension underfunding imposing constraints on corporate investment, we find that firms in these countries can face more constraints on investment when their pension is underfunded.

Adoption of digital technology at different levels of economic activity is an important indicator of development. Countries are adopting digital technology at business and government levels to increase efficiency and accountability of service delivery to appropriate user groups. Many countries are using digital technology in banking, education, and many other sectors and recasting the relationship among customers, workers, and employers. The digital transformation progressively changes productivity across all sectors and industries. The empirical investigation shows that mainly the role of per capita income (state of living) and supply-side factors explain cross-country variations in Digital Adoption Index (DAI) in business using a static panel data model with fixed effect (FE) approach for 169 countries over the period 2014–2016. In this context, this study makes an attempt to understand the state of digital adoption in business across 169 countries in 2016 using World Bank data. The empirical results state that only major variable like labour force are positively and statistically significant with DAI across the countries. Although there are caveats that the International Monetary Fund has made about the digital economy, they state that we should think carefully about how to devise policies that will allow us to fully exploit the digital revolution’s benefits while minimizing job dislocation.

This chapter investigates the social determinants (urbanisation, population, literacy and corruption) of greenhouse gas (GHG) emissions in the top 100 developed and developing emitting countries. The data were collected from central repositories for the different variables explored for the period 2012–2020 in a cross-country analysis. Fixed effects ordinary least squares (OLS) regression was used to analyse the data. The results for all top 100 countries and developing countries show that urbanisation and corruption are significantly positive and negative determinants of GHG emissions, respectively. In addition, literacy is a significant positive determinant of GHG emissions in developing countries but not in the top 100 and developed countries. Population is not significant in the top 100 developed and developing countries. The results for the control variables suggest that primary energy consumption is a positive significant determinant of GHG emissions in the top 100 developed and developing countries. However, gross domestic product (GDP) is not a significant determinant of GHG emissions. The findings have important policy implications.

Europe is comprised of geographically and politically diverse countries, with different cultures and languages, at different stages in their progress towards achieving inclusive education for diverse ranges of learners. This chapter discusses cross-country collaborative work conducted within the European Agency for Special Needs and Inclusive Education. The work supports countries in meeting commitments to Sustainable Development Goals in Quality Education, by developing and implementing more inclusive education systems. This collaborative approach is based on a shared vision and evidenced-based key principles to guide policy development. It highlights the challenges alongside the progress achieved in European Country contexts towards SDG 4 targets.

This chapter aims to examine the position of the banking system and the effect of the COVID-19 pandemic on bank liquidity in six Western Balkan Countries. We aim to analyse the current financial parameters of the banking system to determine the impact of the pandemic’s various risks on the banking liquidity stability in response to the capital reserves of central banks of the respective countries. This chapter deals with cross-country comparison analysis of how the government responded including fiscal stimulus packages to prevent the financial downturn and the impact on liquidity retention. The methodology is based on a comparative data analysis using primary and secondary sources. Although it is too early to have full evidence of the depth of the pandemic impact, the findings show that because of the immediate actions undertaken by the liquidity management of each country and also as a result of the favourable liquidity position before the pandemic Crisis, the banking sector had sufficient reserves to overcome the risk of crisis. Moreover, all six Balkan Countries have adapted the regulatory framework in line with international emergency measures to maintain financial stability. The measures and instruments implemented by countries have generally complied with the Basel Committee’s instructions. The measures and instruments implemented by countries have generally complied with the Basel Committee’s instructions.

This final chapter of this comprehensive volume serves as a pivotal culmination, offering profound insights into the multifaceted realm of family planning, with a dedicated focus on empowering marginalized communities and advancing sustainable development. Drawing from lessons learned across diverse Asian contexts, this chapter encapsulates the critical importance of family planning as a catalyst for broader development outcomes. It underscores the empowerment of marginalized communities, integrating access to healthcare, education, economic opportunities, and gender equity as central pillars. Furthermore, this chapter delves into the unique lessons derived from the experiences of Bangladesh, a nation exemplifying remarkable strides in family planning. It also emphasizes the significance of context-specific policies, programs, and cross-country collaborations. This book’s concluding chapter presents forward-looking directions for holistic approaches, inclusivity, data-driven decision-making, partnerships, youth engagement, climate resilience, and more. This chapter not only consolidates this book’s invaluable findings but also paves the way for a future where family planning becomes an even more integral part of sustainable development.

The research analyzes the convergence of several socioeconomic indicators in a sample of 137 countries over the period 1990–2019. Applying log t-convergence tests, it finds that socioeconomic indicators’ convergence is divergent. Measuring seven different indicators, there are only two indicators of life expectancy and access to the internet converging at the global level, while the remaining indicators of gross domestic product per capita (GDPP), foreign direct investment (FDI) inflow, urbanization, fertility, and CO₂ emissions do not. An extension to sub-sample analysis by levels of income and clustering convergence clubs is employed to confirm the heterogeneity and complexity of development pathways among countries. There are several insights for researchers and governments regarding future research and policies, especially for the development of developing countries.