PROBLEMS OF MODERN ECONOMIC DEVELOPMENT
Keywords:
economic development, inequality, environmental sustainability, globalization, technological disruption, governance, institutional quality, inclusive growth, sustainable development.Abstract
This article examines the major challenges confronting modern economic development, focusing on income inequality, environmental degradation, globalization impacts, technological disruption, and governance issues. Through a qualitative review of economic literature and case studies, the study identifies how these factors impede sustainable and inclusive growth. The analysis underscores the need for integrated policy approaches that address social disparities, promote environmental sustainability, manage globalization effects, facilitate workforce adaptation to technological change, and strengthen institutional frameworks. These measures are essential for fostering resilient economies capable of long-term development in an increasingly complex global environment.
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