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Remodeling economy towards sustainable society and sustainable development: The role of financial literacy, digital literacy, and sustainability literacy

Economic growth and sustainable development are being very fundamental concepts among economies in advancing and globalising world. Since 2016, the achievements and recognitions for being progressive on global bandwagon towards Sustainable Development Goals are seems to be rewarding. Unfortunately,...

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Main Authors: Ramanathan, Santhi, Indiran, Logaiswari
Format: Article
Language:English
Published: Human Resource Management Academic Research Society 2021
Subjects:
HB Economic Theory
Online Access:http://eprints.utm.my/id/eprint/97278/1/LogaiswariIndiran2021_RemodelingEconomytowardsSustainableSocietyandSustainableDevelopment.pdf
http://eprints.utm.my/id/eprint/97278/
http://dx.doi.org/10.6007/IJAREMS/v10-i3/10602
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spelling my.utm.972782022-09-28T07:47:25Z http://eprints.utm.my/id/eprint/97278/ Remodeling economy towards sustainable society and sustainable development: The role of financial literacy, digital literacy, and sustainability literacy Ramanathan, Santhi Indiran, Logaiswari HB Economic Theory Economic growth and sustainable development are being very fundamental concepts among economies in advancing and globalising world. Since 2016, the achievements and recognitions for being progressive on global bandwagon towards Sustainable Development Goals are seems to be rewarding. Unfortunately, the recent pandemic Covid-19 has reshaped the world and has had significant social and economic repercussions for the global economy. It is deemed crucial to pertinently explore and analyse what should be done to ensure the economy is restored and start moving towards a sustainable development. The current state of pandemic and global economy shows that people are experiencing the delicacy of unsustainable development. Transformations towards a new norm should be preceded by a holistic economic, social, and environmental model that integrates the new economic interdependence segment between sustainable societies and sustainable development. Sustainable societies require the ability and capability to respond to the multifaceted difficulties confronting society today. Three key dimensions of literacy, namely, financial, digital and sustainability, would indeed play an important role in creating resilient and sustainable societies. Thus, this study proposes a framework by integrating the financial literacy, digital literacy, and sustainability literacy with Sustainable Development Goals (SDGs) transformation framework as to offer a comprehensive and systematic process of remodeling economy towards sustainable development. This study is merely based on content analysis and reflective thinking. More in-depth studies using an empirical research method on the three dimensions of literacy by correlating them with various dimensions of sustainable development, are essential. Assessing the right elements in right ways may contribute to a reliable and valid outcome for the world to bridge the practical gaps as well as knowledge gaps in the domain of sustainability. Human Resource Management Academic Research Society 2021 Article PeerReviewed application/pdf en http://eprints.utm.my/id/eprint/97278/1/LogaiswariIndiran2021_RemodelingEconomytowardsSustainableSocietyandSustainableDevelopment.pdf Ramanathan, Santhi and Indiran, Logaiswari (2021) Remodeling economy towards sustainable society and sustainable development: The role of financial literacy, digital literacy, and sustainability literacy. International Journal of Academic Research in Economics and Management and Sciences, 10 (3). pp. 237-256. ISSN 2226-3624 http://dx.doi.org/10.6007/IJAREMS/v10-i3/10602 DOI : 10.6007/IJAREMS/v10-i3/10602
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
language English
topic HB Economic Theory
spellingShingle HB Economic Theory
Ramanathan, Santhi
Indiran, Logaiswari
Remodeling economy towards sustainable society and sustainable development: The role of financial literacy, digital literacy, and sustainability literacy
description Economic growth and sustainable development are being very fundamental concepts among economies in advancing and globalising world. Since 2016, the achievements and recognitions for being progressive on global bandwagon towards Sustainable Development Goals are seems to be rewarding. Unfortunately, the recent pandemic Covid-19 has reshaped the world and has had significant social and economic repercussions for the global economy. It is deemed crucial to pertinently explore and analyse what should be done to ensure the economy is restored and start moving towards a sustainable development. The current state of pandemic and global economy shows that people are experiencing the delicacy of unsustainable development. Transformations towards a new norm should be preceded by a holistic economic, social, and environmental model that integrates the new economic interdependence segment between sustainable societies and sustainable development. Sustainable societies require the ability and capability to respond to the multifaceted difficulties confronting society today. Three key dimensions of literacy, namely, financial, digital and sustainability, would indeed play an important role in creating resilient and sustainable societies. Thus, this study proposes a framework by integrating the financial literacy, digital literacy, and sustainability literacy with Sustainable Development Goals (SDGs) transformation framework as to offer a comprehensive and systematic process of remodeling economy towards sustainable development. This study is merely based on content analysis and reflective thinking. More in-depth studies using an empirical research method on the three dimensions of literacy by correlating them with various dimensions of sustainable development, are essential. Assessing the right elements in right ways may contribute to a reliable and valid outcome for the world to bridge the practical gaps as well as knowledge gaps in the domain of sustainability.
format Article
author Ramanathan, Santhi
Indiran, Logaiswari
author_facet Ramanathan, Santhi
Indiran, Logaiswari
author_sort Ramanathan, Santhi
title Remodeling economy towards sustainable society and sustainable development: The role of financial literacy, digital literacy, and sustainability literacy
title_short Remodeling economy towards sustainable society and sustainable development: The role of financial literacy, digital literacy, and sustainability literacy
title_full Remodeling economy towards sustainable society and sustainable development: The role of financial literacy, digital literacy, and sustainability literacy
title_fullStr Remodeling economy towards sustainable society and sustainable development: The role of financial literacy, digital literacy, and sustainability literacy
title_full_unstemmed Remodeling economy towards sustainable society and sustainable development: The role of financial literacy, digital literacy, and sustainability literacy
title_sort remodeling economy towards sustainable society and sustainable development: the role of financial literacy, digital literacy, and sustainability literacy
publisher Human Resource Management Academic Research Society
publishDate 2021
url http://eprints.utm.my/id/eprint/97278/1/LogaiswariIndiran2021_RemodelingEconomytowardsSustainableSocietyandSustainableDevelopment.pdf
http://eprints.utm.my/id/eprint/97278/
http://dx.doi.org/10.6007/IJAREMS/v10-i3/10602
_version_ 1745562361167609856
score 13.211869

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