Rethinking the Paradigm of Economic Development: A Critical Examination of its Intersection with Sustainable Development Goal 4 – Quality Education DOI Creative Commons

Shabalala Nonkanyiso Pamella

Journal of Education Society & Multiculturalism, Journal Year: 2024, Volume and Issue: 5(2), P. 96 - 120

Published: Dec. 1, 2024

Abstract Quality education is an effective instrument for promoting economic development. It equips individuals with the skills and knowledge necessary to secure improved employment, achieve higher earnings contribute economy. This study critically analyses relationship between development Sustainable Development Goal 4 (SDG 4) – Education within context of sustainable aims explore dearth traditional paradigms in holistic human well-being propose alternative approaches that prioritise high-quality draws on concept articulated expanded by various scholars literature was reviewed. further explores principles (ESD) as outlined UNESCO frameworks such Green Economy, Well-being Economics Doughnut Economics. As a conceptual study, researcher reviewed existing development, education. The synthesises findings from studies analyse interplay growth quality Furthermore, emphasise potential ESD analysis reveals paradigms, which focus heavily GDP growth, often neglect social equity environmental sustainability, thereby resulting failure advance well-being. In contrast, integrating core component strategies may significantly progress towards empowers individuals, equipping skills, encourages critical thinking promotes stewardship. result, helps align operations broader objectives. emphasises need policymakers embrace inclusive give priority Reforms educational systems are sustainability. Additionally, investments should be made teacher training interdisciplinary learning. support transition growth-centric models consider balance economic, objectives, ensuring future both equitable.

Language: Английский

Economic Recessions and Global Shocks Spillovers: Navigating Nigeria’s Economy towards Economic Development and Prosperity DOI

Auwal Isah

IntechOpen eBooks, Journal Year: 2024, Volume and Issue: unknown

Published: Sept. 12, 2024

This paper examines the spillover effects of global shocks to domestic output in Nigeria. The study becomes important now due unprecedented events that shaped several economies and severely affected most countries world within last two decades, including lower-middle income like To achieve objectives study, we employ a simple Bayesian Time-Varying Parameter Structural Vector Autoregressive Model (B-TVP-SVAR) with Stochastic Volatility, using monthly data series from 2000 2022. aim is assess ex-ante ex-post economy. Thus, consider distinct episodes their respective impacts deduce policy measures on how moderate similar future. are 2007/2008 Global Financial Crisis (GFC) its Nigeria COVID-19 pandemic 2020 as well. Subsequently, establish impact was more severe Nigerian economy relative GFC. Finally, addition proffered this navigate Nigeria’s toward economic development prosperity, recommend both monetary fiscal options would serve buffers future unanticipated when they occur.

Language: Английский

Citations

0
Rethinking the Paradigm of Economic Development: A Critical Examination of its Intersection with Sustainable Development Goal 4 – Quality Education DOI Creative Commons

Shabalala Nonkanyiso Pamella

Journal of Education Society & Multiculturalism, Journal Year: 2024, Volume and Issue: 5(2), P. 96 - 120

Published: Dec. 1, 2024

Abstract Quality education is an effective instrument for promoting economic development. It equips individuals with the skills and knowledge necessary to secure improved employment, achieve higher earnings contribute economy. This study critically analyses relationship between development Sustainable Development Goal 4 (SDG 4) – Education within context of sustainable aims explore dearth traditional paradigms in holistic human well-being propose alternative approaches that prioritise high-quality draws on concept articulated expanded by various scholars literature was reviewed. further explores principles (ESD) as outlined UNESCO frameworks such Green Economy, Well-being Economics Doughnut Economics. As a conceptual study, researcher reviewed existing development, education. The synthesises findings from studies analyse interplay growth quality Furthermore, emphasise potential ESD analysis reveals paradigms, which focus heavily GDP growth, often neglect social equity environmental sustainability, thereby resulting failure advance well-being. In contrast, integrating core component strategies may significantly progress towards empowers individuals, equipping skills, encourages critical thinking promotes stewardship. result, helps align operations broader objectives. emphasises need policymakers embrace inclusive give priority Reforms educational systems are sustainability. Additionally, investments should be made teacher training interdisciplinary learning. support transition growth-centric models consider balance economic, objectives, ensuring future both equitable.

Language: Английский

Citations

0