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Article
Publication date: 2 February 2024

Muhammad Ayub, Khurram Khan, Mansoor Khan and Muhammad Ismail

The unique institution of waqf that was ignored during the colonization of the Muslim areas has to be revived to play its role in shared growth, social inclusion and cohesion in…

Abstract

Purpose

The unique institution of waqf that was ignored during the colonization of the Muslim areas has to be revived to play its role in shared growth, social inclusion and cohesion in society. This research paper aims to explore the role of waqf as an instrument for a sustainable growth system and to suggest a model for socioeconomic development in an economy like that of Pakistan.

Design/methodology/approach

This qualitative research is based on analytical methods to arrive at the frameworks and a model that could facilitate the revival of waqf for community development/social inclusion in economies like that of Pakistan.

Findings

As most of the OIC member states like Pakistan are facing serious financial problems due to debt servicing obligations, promoting Waqf for various socioeconomic and cultural functions is a vital requirement for such economies. The inability of the state institutions in providing necessary civic, health and education facilities to the public is causing serious harm to the balance of the society. It requires promoting a formal system of charity and using FinTech for waqf-based donations and financing the micro businesses. The perpetuity complimented by the profitability of the waqf properties makes the waqf institutions sustainable and effective when compared to individual charities.

Research limitations/implications

This is conceptual research discussing the potential of waqf in light of its historical role. Researchers may undertake empirical studies on awqaf operations in various jurisdictions and their role in the empowerment of the poor.

Practical implications

The research will provide the researchers with insight into the potential of waqf as a tool for community development. Besides, it will enable policymakers and implementation authorities to socialize charity for sustained benefits and welfare.

Originality/value

To the best of the authors’ knowledge, it is the first major research that discusses the role of waqf in economies facing budgetary and trade deficits in the eradication of poverty and the promotion of social and economic entrepreneurship in realizing the community development targets for the economies like that of Pakistan.

Details

Qualitative Research in Financial Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1755-4179

Keywords

Book part
Publication date: 15 April 2024

M. Rezaul Islam

This chapter provides a comprehensive exploration of global demographic trends and challenges, specifically focusing on Asian countries and the demographic landscape of…

Abstract

This chapter provides a comprehensive exploration of global demographic trends and challenges, specifically focusing on Asian countries and the demographic landscape of Bangladesh. This chapter highlights the implications of rapid population growth, aging populations, and urbanization, analyzing their socioeconomic impacts on education, healthcare, and employment. By contextualizing these trends within the broader framework of sustainable development, this chapter sets the stage for understanding the intricate relationship between population dynamics and the empowerment of marginalized communities through family planning strategies.

Details

Family Planning and Sustainable Development in Bangladesh: Empowering Marginalized Communities in Asian Contexts
Type: Book
ISBN: 978-1-83549-165-2

Keywords

Article
Publication date: 26 February 2021

Édney Santos and Daphne Halkias

The purpose of this qualitative multiple case study was to gain a deeper understanding of the views of stakeholders residing within impoverished communities in Angola on rapid…

Abstract

Purpose

The purpose of this qualitative multiple case study was to gain a deeper understanding of the views of stakeholders residing within impoverished communities in Angola on rapid technology diffusion and its implication on labor market challenges within their regions. To address this gap, and consistent with the qualitative paradigm, this paper conducted methodological triangulation of the study’s multiple data sources, including semistructured interviews and archival data in the form of government labor reports, reflective field notes and archival data to establish the trustworthiness of the study’s data analysis and findings.

Design/methodology/approach

A gap in the literature exists between the general diffusion of technological innovations and socioeconomic development that results in an ambiguous connection between theory, academia and professional practice among sub-Saharan African countries. To inform governments in developing countries on how to effectively achieve the diffusion of innovations (DoI), this integrative literature review supports a broader qualitative multiple case study that offers insights into the views of stakeholders residing within impoverished communities in Angola, on rapid technology diffusion and its implication for labor market challenges. This overview of existing research offers a targeted knowledge base that can support future research and help promote the potential for socioeconomic development in low-income countries. By addressing the patterns of the relationship between various economic imbalances and the adoption of technology that promote the social divide, along with highlighting the importance of understanding the overall technological dualism between various social groups, promises effective policies for successful DoI in impoverished sub-Saharan African regions by evaluating its impact on local labor market challenges.

Findings

The results of this multiple case study research oversee a thematic analysis of the data collected based on the study’s multiple sources, following a cross-case analysis in which this paper synthesizes the findings of the initial thematic analysis of data to answer the study’s central research question. The multiple case study approach in this research follows the concept of replication logic discussed by Yin (2017) in which the same findings are replicated across multiple cases as similarities and differences are traced across cases, and the study results obtained in this way are deemed robust and reliable.

Research limitations/implications

A potential key limitation in this study was associated to the participants’ limited experiences about the study’s central phenomenon, which if inadequate, could not have been reflective of the challenges faced and shared by the target population. This study mitigates the limitation with an observation in which a much sharper understanding of the participants’ knowledge about the topic of interest was developed. Another limitation was the sample size that could have been small and may not be representative of the entire population. This study mitigates the limitation through careful interpretation of the data and strong conclusion of results.

Practical implications

For practical implications, this study emphasized the importance of participative approaches to ICT implementation that if well adapted by policymakers could lead to a more contextually anchored ICT-supported poverty alleviation within different dimensions of poverty.

Social implications

This study addresses an under-researched area on why innovation policy initiatives calling for technology diffusion in Angola continue to stall rather than combating labor market challenges in impoverished communities. This study brings the voices of local populations on technology diffusion in impoverished regions of Angola to the extant literature, launching the development of a body of knowledge that may point the way to a promising avenue of social change through innovation and technology diffusion.

Originality/value

This research is original and significant in that it addresses an under-researched area on innovation policy initiatives calling for technology diffusion in Angola that continue to stall rather than combating labor market challenges in impoverished communities. This study also makes an original contribution to Rogers’s seminal theory and concept of diffusion of innovations. The study’s results guided further research in technology adoption and innovation diffusion within Angola, a nation faced with poor human capital development and an increasing proportion of the world’s poorest people and unemployment.

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. 15 no. 2
Type: Research Article
ISSN: 1750-6204

Keywords

Book part
Publication date: 17 January 2022

Simon Reid

This chapter presents the reflections of a principal in his experiences of supporting and transitioning the inclusion of learners with diverse needs into both primary and…

Abstract

This chapter presents the reflections of a principal in his experiences of supporting and transitioning the inclusion of learners with diverse needs into both primary and secondary schools. His extensive experience has led him to challenge established practice to find alternatives that support all learners. His journey has guided him on a path to broaden the definition of education from developing intellect and attaining knowledge to one that also includes emotion, connection, invention, and innovation. The purpose of education for all children is encouraging them to be thinkers, doers, and to embrace opportunities to develop their competence. This chapter includes his reflective approach to learning with a strong emphasis on the need for supporting students with diverse needs as they transition through the often-complex schooling arena.

Details

Transition Programs for Children and Youth with Diverse Needs
Type: Book
ISBN: 978-1-80117-102-1

Keywords

Article
Publication date: 1 November 2005

Ernest Raiklin

The purpose of this research paper is a theoretical understanding of the most general trends of Russian economic development during the country's pre‐Soviet, Soviet and…

2127

Abstract

Purpose

The purpose of this research paper is a theoretical understanding of the most general trends of Russian economic development during the country's pre‐Soviet, Soviet and post‐Soviet time frames.

Design/methodology/approach

The objectives are designed in such a way as to include a historical aspect in the research. An attempt is made to grasp (rather cursorily) a logical internal progression in all stages of the Russian development for the last 150 years. In this, the paper shows no need for so‐called great historical personalities to explain the great historical events.

Findings

In the course of the work, it was found that Russia had experienced alternatively five different socioeconomic systems of: late mixed feudalism which was on its way to democratic mixed capitalism (the 1850s‐October 1917); state feudalism which was pregnant with authoritarian mixed capitalism (1918‐1921); authoritarian mixed capitalism in whose womb there was ripening totalitarian state capitalism (1921‐1928); totalitarian state capitalism which was carrying within itself the seeds of authoritarian state capitalism (1928‐1990); finally, authoritarian state capitalism which was moving toward authoritarian mixed capitalism (1991‐present).

Originality/value

The original value of the paper is in its fresh approach to the great events that have been taking place in Russia since the 1850s. The events have been analyzed not as they should be according or despite some theory but as they were and are. The paper, therefore, will be valuable to those who are interested in the socioeconomic development of Russia and who would like, one way or another, to attempt to predict the country's nearest future.

Details

International Journal of Social Economics, vol. 32 no. 11
Type: Research Article
ISSN: 0306-8293

Keywords

Open Access
Article
Publication date: 26 July 2021

Md. Saiful Islam

This study aims to examine the influence of socioeconomic development on inflation in South Asia using the foreign exchange rate and money supply as control variables.

3627

Abstract

Purpose

This study aims to examine the influence of socioeconomic development on inflation in South Asia using the foreign exchange rate and money supply as control variables.

Design/methodology/approach

The study uses annual panel data for five South Asian economies, namely, Bangladesh, India, Nepal, Pakistan and Sri Lanka over the period 1990–2018, applies cointegrating regression techniques, namely, the panel dynamic ordinary least square (OLS) and fully modified OLS estimators to examine the long-run relations and conducts the Toda-Yamamoto Granger causality test to detect the direction of causality among variables.

Findings

The cointegrating regression estimations have documented that the socioeconomic development proxied by the human development index (HDI) has no significant impact on inflation. Although economic development represented by gross domestic product (GDP) growth causes inflation, socioeconomic development represented by HDI has no impact on inflation and has demonstrated as a better macroeconomic indicator, and thus creates no inflationary pressure in the economy. The foreign exchange rate has a positive impact on inflation. The broad money supply has the usual positive effect on domestic inflation that endorses the monetarist view about prices. The Toda-Yamamoto Granger causality test has confirmed several unidirectional causalities: inflation causes HDI, money supply causes both inflation and HDI and the foreign exchange rate causes HDI.

Practical implications

The study has practical implications for policymakers in South Asia, to improve HDI, particularly GDP per capita, education and health-care facilities to realize continuous socioeconomic development, which will take care of inflation. Moreover, these counties may follow a conservative monetary policy to control inflationary pressure in their economies.

Originality/value

The study is original and claims to be the first to examine the impact of socioeconomic development on inflation. The findings have socioeconomic values regarding controlling inflation in South Asia.

Details

Applied Economic Analysis, vol. 30 no. 88
Type: Research Article
ISSN:

Keywords

Article
Publication date: 13 October 2023

Litao Zhong, Lei Wen and Zhimin Wang

This paper aims to explore the interplay between industrial diversity and sustainable economic development in US counties.

Abstract

Purpose

This paper aims to explore the interplay between industrial diversity and sustainable economic development in US counties.

Design/methodology/approach

Among other popularly used measures, this study uses an underused measure, Hachman index, to gauge the degree of industrial diversity in the models. To capture the impact of industrial diversity on the local community, this study estimates the relationship of two diversity measures to four traditional socioeconomic indicators: per capita personal income growth, gross domestic product per worker, income inequality ratio and poverty rate.

Findings

Statistical results suggest that industrial diversity, which is measured by Hachman index, is significantly related to the four socio-economic indicators. Industrial diversity can positively contribute to regional per capita personal income growth and mitigate income inequality and poverty stress; however, it is negatively related to the gross domestic product (GDP) per worker, which means industrial specialization may contribute to GDP per worker growth.

Originality/value

The findings of this study show that there is a nonlinear relationship between industrial diversity and all socioeconomic indicators. Most of the control variables, human capital variables and business and industry profile variables also display significant and positive impacts on economic development.

Details

International Journal of Development Issues, vol. 23 no. 1
Type: Research Article
ISSN: 1446-8956

Keywords

Article
Publication date: 1 December 2006

Bayu Silvia and Masudul Alam Choudhury

Aims to methodologically explain a phenomenological model with empirical contents for modelling ethics in socioeconomic development. Addresses a circular causality between state…

2161

Abstract

Purpose

Aims to methodologically explain a phenomenological model with empirical contents for modelling ethics in socioeconomic development. Addresses a circular causality between state variables and policy variables for the case of socioeconomic development of Indonesia with ethics and values as important focus required for the private sector role.

Design/methodology/approach

This is a methodological paper with good empirical content prescribing policy recommendations for the role of ethics and values in the private sector in Indonesian socioeconomic development. Philosophy of science heads off the methodological part. This is combined with contextual elements of Islamic development financing instruments to highlight the need for ethics and values in the development of Indonesia, the largest Muslim nation.

Findings

The paper highlights how the Indonesia private sector and the Government need to corroborate the focus of ethics and values in the national development plan. This is a novel approach to modelling ethics and values and estimating it by circular causation system of regression equations answering the theme of social wellbeing through socioeconomic development.

Research limitations/implications

The true empirical work would have used complexity methods. In the paper the simple approach has been maintained by using the system of circular causation related regression equations. This is part of an on‐going research project on unity of knowledge and its empirical application to specific problems of science and society including the social economy. Thus, the project presents challenging field of academic investigation for many.

Practical implications

Provides policy recommendations on how ethics and values ought to be incorporated in the socioeconomic development plan through private sector participation in Indonesia. The need for the role of private sector ethical consciousness in Socioeconomic development of Indonesia is highlighted.

Original/value

This is an original contribution in the area of phenomenological investigation on ethics and how it can be modelled and applied in specific circumstances (Indonesia private sector development within her development plan). The paper brings forth a challenging concept along lines of a scientific research program that looks at the methodology of unity of knowledge as the phenomenological basis of development planning and then empirically investigates this methodological conception through modelling of ethics and values.

Details

International Journal of Social Economics, vol. 33 no. 12
Type: Research Article
ISSN: 0306-8293

Keywords

Open Access
Article
Publication date: 25 May 2022

Fisayo Fagbemi and Adeyemi Fajingbesi

This study investigates the extent to which, and in what ways and capacities, the incidence of adverse economic conditions burdening the masses, on the macro-level, increases the…

7121

Abstract

Purpose

This study investigates the extent to which, and in what ways and capacities, the incidence of adverse economic conditions burdening the masses, on the macro-level, increases the propensity for the generation of political instability/violence.

Design/methodology/approach

Drawing on data from a cross-section of 25 Sub-Saharan African (SSA) countries for the period 2005–2019, fixed effects (FE) and generalized method of moments (GMM) estimations are used to determine the nature and significance of the independent variable (economic condition), complemented by three control variables, on the dependent WGI-defined variable political stability scored on the basis of a continuum from −2.5 (most unstable) to +2.5 (most stable). For the link between political instability and socioeconomic conditions, the study employs a construct derived from frustration-aggression and relative deprivation theory.

Findings

The study links socioeconomic adversity to political instability in the context of SSA. In addition, larger populated countries exhibit a greater propensity to political instability than smaller populated countries. In contrast, foreign direct investment (FDI) appears to have no real effect, positive or negative, on political stability.

Practical implications

Poor living conditions seem to be strongly associated with a high risk of political violence in SSA. To buoy socioeconomic status, poverty alleviation needs be elevated into a key initiative in the decision-making agenda, at all levels of governance, with real targeted strides achieved in terms of enhancement of the standard of living of the masses. In addition, policies that control population need to be inaugurated hand-in-hand with welfare measures and a more equitable balancing of the distribution of resources in the society.

Originality/value

Given the high regional incidence of civil strife and violence, combined with a dearth of research of an empirical nature on political risk in SSA, this study provides a largely ignored and useful context on SSA apart from studies on the incidence of violence that consider the developing countries as a monolithic whole.

Details

Journal of Business and Socio-economic Development, vol. 2 no. 2
Type: Research Article
ISSN: 2635-1374

Keywords

Article
Publication date: 30 March 2020

Manuel Mayerhoffer

The global coworking industry is currently growing at a rapid pace. Similarly, Prague is witnessing an influx of global coworking operators who entered the market since 2018 and…

Abstract

Purpose

The global coworking industry is currently growing at a rapid pace. Similarly, Prague is witnessing an influx of global coworking operators who entered the market since 2018 and are expanding significantly. The purpose of this paper is to investigate enabling factors for this growth.

Design/methodology/approach

After a brief review of coworking and relevant typologies of its various forms, the paper conducts a narrative review of the coworking industry in Prague and its socioeconomic situation. This is subsequently linked in a discussion on growth factors that have facilitated the growth of the coworking industry of Prague.

Findings

With global coworking brands expanding in Prague's coworking industry by primarily targeting corporate teams, they benefit from favorable socioeconomic conditions in Prague as an attractive destination for businesses, which increasingly opt for coworking spaces to reap its positive benefits.

Research limitations/implications

Due to the conceptual approach and specific case of Prague, the discussions lack generalizability.

Practical implications

The paper provides valuable insight into the enabling growth factors that can serve practitioners to better predict and react to potential future developments, as well as provide an additional perspective in evaluating corporate real estate.

Originality/value

The paper contributes to the still underresearched field of coworking by investigating enabling growth factors in a macroeconomic context.

Details

Journal of Property Investment & Finance, vol. 38 no. 3
Type: Research Article
ISSN: 1463-578X

Keywords

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