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- Title
Green Market Economy and Emerging Market Environment: Sustainable Adaptive Complex Systems.
- Authors
Siribuppa U-tantada; Yolles, Maurice; Mujtaba, Bahaudin G.; Ampon Shoosanuk; Rautakivi, Tuomo
- Abstract
The green market economy (GME) refers to a global economic condition able to contribute constructively to economic, social and environmental development and sustainability. Here a model of GME will be developed using cultural agency theory, thus representing it an adaptive complex system. This economy develops through the involvement of a plurality of organizations that include the World Bank, the World Trade Organization and commercial agents interacting in an emerging market environment that is able to support sustainable (economic, social, environmental) development goals. The modeling process offers a general theory of the green market, and is composed of core substructural axiomatic theory, and subsidiary testable supersystem theory. Formulating green theory as a core set of propositions that is accepted as defining a living adaptive substructure, a green superstructure will be built and tested empirically in order to fill gaps identified for GME in achieving its UN-DESA goals. The outcome demonstrates the validity of creating a green market economy.
- Subjects
CAPITALISM; WORLD Trade Organization; GREEN marketing; EMERGING markets; AGENCY theory; COMMERCIAL agents
- Publication
International Review of Research in Emerging Markets & the Global Economy, 2019, Vol 5, Issue 1, p1296
- ISSN
2311-3200
- Publication type
Article