Authors : Peter Okoth Otieno; Penina Ayieko Busili

Volume/Issue : Volume 9 - 2024, Issue 9 - September

Google Scholar : https://tinyurl.com/4rmx63ed

Scribd : https://tinyurl.com/5n8u48hw

DOI : https://doi.org/10.5281/zenodo.14949814

Abstract : The research on Labor, Finance, Technology, and Sustainable Growth are intricately connected elements of modern economies. The study aims at providing a comprehensive analysis of the interplay between these factors and their implication on the economy in a long-term perspective. As the study analyzes the empirical evidence, case studies, and theoretical frameworks, the paper seeks to unfold the dynamics shaping the relationships between labor markets, financial systems, technological progress, and sustainability. The study through a multidisciplinary approach further explores how changes in labor dynamics, financial operations, and technological advancements influence the path of economic growth and environmental outcomes. The further investigates the policy responses and strategic interventions aimed at fostering inclusive, resilient, and sustainable economies in the face of global challenges. The research contributes to the intricate interplay between these factors’ sustainable growth in contemporary economies through a multidisciplinary approach. It investigates how labor, finance, technology, and sustainable growth interact to shape the path of economic development while considering their implications for environmental sustainability and social equity. The abstract delves into critical themes, methodologies, and findings of the research, providing a concise overview of its contributions to the field of economics and policymaking. The study begins by explaining the role of labour in driving economic growth and analyzing trends in employment, wages, and labour market dynamics. It elaborates on the impact of technological advancements, automation, and globalization on labour markets, and considers both opportunities and challenges for employees’ participation and income distribution. The paper analyzes the role of finance in facilitating investment, innovation, and entrepreneurship, highlighting the value of financial institutions and regulatory frameworks in fostering sustainable economic development. Furthermore, the study seeks to evaluate the transformative potential of technology in enhancing productivity, efficiency, and competitiveness across various sectors. It examines the adoption of digital technologies, artificial intelligence, and renewable energy solutions, assessing their challenges for job creation, skills match, and environmental sustainability. The paper also explores the concept of sustainable growth, focusing on the need to reconcile economic prosperity with social inclusion and environmental stewardship. Through empirical analysis and case studies, the paper identifies essential practices, policy interventions, and strategic frameworks to promote sustainable development outcomes. It emphasizes the need to inclusive growth strategies, investment in human capital, and the transition towards a low carbon economy. It further underscores the role of innovation ecosystems, public -private partnerships, and responsible finance in advancing sustainable development goals. The research extensively contributes to the understanding of the diverse dynamics shaping contemporary economies and contributes to the insights into effective strategies that promote inclusive, resilient, and sustainable growth in the era of rapid technological and global uncertainty.

References :

1. Mondejar, M., Avtar, R., Diaz, H. L. B., Dubey, R. K., Esteba, J., Gomez-Morales, A., … & Garcia-Segura, S. (2021). Digitalization To Achieve Sustainable Development Goals. Steps Towards a Smart Green Planet. Science of the total environment, 794, 148539.
2. Phalippou, L. (2021). How Far Can Financial Acumen Push Positive Social impact? The Case of the Redevelopment of Spofford in the Bronx. The Case of the redevelopment of Spofford in the Bronx (February 26, 2021).
3. Vivekanandan, R., Ramya. & Pierre-Louis, M. (2020). 21^st Century Skills: What Potential Role for The Global Partnership for Education? A Landscape Review. Global partnership for education.
4. Whalen, C.J. and Whalen, K.A., 2020. Circular economy business models: A critical examination. Journal of Economic Issues, 54(3), pp.628-643.
5. Desing, H., Brunner, D., Takacs, F., Nahrath, S., Frankenberger, K. and Hischier, R., 2020. A circular economy within the planetary boundaries: Towards a resource-based, systemic approach. Resources, Conservation and Recycling, 155, p.104673.