IDEAS home Printed from https://ideas.repec.org/a/wly/corsem/v27y2020i4p1525-1539.html
   My bibliography  Save this article

A pluralistic approach to economic and business sustainability: A critical meta‐synthesis of foundations, metrics, and evidence of human and local development

Author

Listed:
  • Andrea Gatto

Abstract

Wellbeing and sustainability are at the center of development studies and economics, being the kernel of theories and policies. Analyzing such complex phenomena implies taking into account both the economic and business spheres. In this regard, the human and local dimensions of development have assumed central importance in determining definitions, measurements, and policies and reveal decisive implications for economic ethics and long‐term development perspectives. This work intends to draw a theoretical excursus on the nexus between the human, sustainable, and local dimensions of development and wide‐ranging business theories. For this scope, the paper adopts a pluralistic approach for determining diverse conceptual insights. Entangling holistic lenses, this study explores the theoretical foundations, measurements, and experiences that have characterized the recent development theory and applied evidence in economics and business. The review detects some evidence in the global and the Italian experiences that can reveal important lessons for theorists, policymakers, and practitioners in development, sustainability, and business.

Suggested Citation

  • Andrea Gatto, 2020. "A pluralistic approach to economic and business sustainability: A critical meta‐synthesis of foundations, metrics, and evidence of human and local development," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1525-1539, July.
  • Handle: RePEc:wly:corsem:v:27:y:2020:i:4:p:1525-1539
    DOI: 10.1002/csr.1912
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/csr.1912
    Download Restriction: no

    File URL: https://libkey.io/10.1002/csr.1912?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Costantini, Valeria & Monni, Salvatore, 2008. "Environment, human development and economic growth," Ecological Economics, Elsevier, vol. 64(4), pages 867-880, February.
    2. repec:spo:wpecon:info:hdl:2441/5l6uh8ogmqildh09h4687h53k is not listed on IDEAS
    3. Carroll, Archie B., 1991. "The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders," Business Horizons, Elsevier, vol. 34(4), pages 39-48.
    4. Elinor Ostrom, 2010. "Beyond Markets and States: Polycentric Governance of Complex Economic Systems," American Economic Review, American Economic Association, vol. 100(3), pages 641-672, June.
    5. Joyeeta Gupta & Courtney Vegelin, 2016. "Sustainable development goals and inclusive development," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 16(3), pages 433-448, June.
    6. Peter Dobers, 2009. "Corporate social responsibility: management and methods," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 16(4), pages 185-191, July.
    7. Roberto Poli, 2011. "Ethics and futures studies," International Journal of Management Concepts and Philosophy, Inderscience Enterprises Ltd, vol. 5(4), pages 403-410.
    8. Sen, Amaryta, 1999. "On Ethics and Economics," OUP Catalogue, Oxford University Press, number 9780195627619.
    9. Joseph Stiglitz & Amartya K. Sen & Jean-Paul Fitoussi, 2009. "The measurement of economic performance and social progress revisited: Reflections and Overview," Working Papers hal-01069384, HAL.
    10. Dasgupta, Partha & Weale, Martin, 1992. "On measuring the quality of life," World Development, Elsevier, vol. 20(1), pages 119-131, January.
    11. Joseph E. Stiglitz & Amartya Sen & Jean-Paul Fitoussi, 2009. "The measurement of economic performance and social progress revisited," Documents de Travail de l'OFCE 2009-33, Observatoire Francais des Conjonctures Economiques (OFCE).
    12. Mubashir Qasim, 2017. "Sustainability And Wellbeing: A Scientometric And Bibliometric Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 31(4), pages 1035-1061, September.
    13. Jeni Klugman & Francisco Rodríguez & Hyung-Jin Choi, 2011. "The HDI 2010: new controversies, old critiques," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(2), pages 249-288, June.
    14. Stiglitz, Joseph E & Uy, Marilou, 1996. "Financial Markets, Public Policy, and the East Asian Miracle," World Bank Research Observer, World Bank Group, vol. 11(2), pages 249-276, August.
    15. Mike Danilovic & Marleen Hensbergen & Maya Hoveskog & Liudmila Zadayannaya, 2015. "Exploring Diffusion and Dynamics of Corporate Social Responsibility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(3), pages 129-141, May.
    16. Jeremy Moon, 2007. "The contribution of corporate social responsibility to sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 15(5), pages 296-306.
    17. Gatto, Andrea & Drago, Carlo, 2020. "A taxonomy of energy resilience," Energy Policy, Elsevier, vol. 136(C).
    18. Andrea Gatto, 2018. "Historical Roots of Microcredit and Usury: The Role of Monti di Pietà in Italy and in the Kingdom of Naples in XV–XX Centuries," Journal of International Development, John Wiley & Sons, Ltd., vol. 30(5), pages 911-914, July.
    19. Ralf Barkemeyer & Diane Holt & Lutz Preuss & Stephen Tsang, 2014. "What Happened to the ‘Development’ in Sustainable Development? Business Guidelines Two Decades After Brundtland," Sustainable Development, John Wiley & Sons, Ltd., vol. 22(1), pages 15-32, January.
    20. Gatto, Andrea & Drago, Carlo, 2020. "Measuring and modeling energy resilience," Ecological Economics, Elsevier, vol. 172(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Debora Scarpato & Gennaro Civero & Vincenzo Rusciano & Marcello Risitano, 2020. "Sustainable strategies and corporate social responsibility in the Italian fisheries companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2983-2990, November.
    2. Roberta Provasi & Murad Harasheh, 2021. "Gender diversity and corporate performance: Emphasis on sustainability performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(1), pages 127-137, January.
    3. Monika Małgorzata Wojcieszak-Zbierska & Anna Jęczmyk & Jan Zawadka & Jarosław Uglis, 2020. "Agritourism in the Era of the Coronavirus (COVID-19): A Rapid Assessment from Poland," Agriculture, MDPI, Open Access Journal, vol. 10(9), pages 1-19, September.
    4. Agnieszka Kozera & Aldona Standar & Łukasz Satoła, 2020. "Managing Rural Areas in the Context of the Growing Debt of Polish Local Government Units," Agriculture, MDPI, Open Access Journal, vol. 10(9), pages 1-25, August.
    5. Edward B. Barbier & Joanne C. Burgess, 2021. "Sustainable Use of the Environment, Planetary Boundaries and Market Power," Sustainability, MDPI, Open Access Journal, vol. 13(2), pages 1-19, January.
    6. Aleksander Grzelak, 2020. "The Objectives of Farm Operations—Evidence from a Region in Poland," Agriculture, MDPI, Open Access Journal, vol. 10(10), pages 1-20, October.
    7. Alicia Ramírez-Orellana & Daniel Ruiz-Palomo & Alfonso Rojo-Ramírez & John E. Burgos-Burgos, 2021. "The Ecuadorian Banana Farms Managers’ Perceptions: Innovation as a Driver of Environmental Sustainability Practices," Agriculture, MDPI, Open Access Journal, vol. 11(3), pages 1-18, March.
    8. Sadik-Zada, Elkhan Richard & Gatto, Andrea, 2021. "The puzzle of greenhouse gas footprints of oil abundance," Socio-Economic Planning Sciences, Elsevier, vol. 75(C).
    9. Gianluigi Cisco & Andrea Gatto, 2021. "Climate Justice in an Intergenerational Sustainability Framework: A Stochastic OLG Model," Economies, MDPI, Open Access Journal, vol. 9(2), pages 1-13, April.
    10. Mariarosaria Lombardi & Marco Costantino, 2020. "A Social Innovation Model for Reducing Food Waste: The Case Study of an Italian Non-Profit Organization," Administrative Sciences, MDPI, Open Access Journal, vol. 10(3), pages 1-16, July.
    11. Angeliki Kavga & Vasileios Thomopoulos & Pantelis Barouchas & Nikolaos Stefanakis & Aglaia Liopa-Tsakalidi, 2021. "Research on Innovative Training on Smart Greenhouse Technologies for Economic and Environmental Sustainability," Sustainability, MDPI, Open Access Journal, vol. 13(19), pages 1-22, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gianluigi Cisco & Andrea Gatto, 2021. "Climate Justice in an Intergenerational Sustainability Framework: A Stochastic OLG Model," Economies, MDPI, Open Access Journal, vol. 9(2), pages 1-13, April.
    2. Greco, Salvatore & Ishizaka, Alessio & Tasiou, Menelaos & Torrisi, Gianpiero, 2021. "The ordinal input for cardinal output approach of non-compensatory composite indicators: the PROMETHEE scoring method," European Journal of Operational Research, Elsevier, vol. 288(1), pages 225-246.
    3. Aistė Dirzytė & Ona Gražina Rakauskienė & Vaida Servetkienė, 2017. "Evaluation of resilience impact on socio-economic inequality," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 4(4), pages 489-501, June.
    4. Stefano Marchetti & Luca Secondi, 2017. "Estimates of Household Consumption Expenditure at Provincial Level in Italy by Using Small Area Estimation Methods: “Real” Comparisons Using Purchasing Power Parities," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 131(1), pages 215-234, March.
    5. Nikolova, Milena, 2016. "Minding the happiness gap: Political institutions and perceived quality of life in transition," European Journal of Political Economy, Elsevier, vol. 45(S), pages 129-148.
    6. Liu, Qian & Wang, Leonard F.S. & Chen, Charlie L., 2018. "CSR in an oligopoly with foreign competition: Policy and welfare implications," Economic Modelling, Elsevier, vol. 72(C), pages 1-7.
    7. Noreen Zahra & Maryam Ahmad, 2017. "Advanced Education and Entrepreneurship: Mediating Role of Information & Communication and Personal Freedom," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 9(3), pages 217-239, September.
    8. Le-Yu Chen & Ekaterina Oparina & Nattavudh Powdthavee & Sorawoot Srisuma, 2019. "Robust Ranking of Happiness Outcomes: A Median Regression Perspective," Papers 1902.07696, arXiv.org, revised Apr 2021.
    9. Creutzig, Felix, 2020. "Limits to Liberalism: Considerations for the Anthropocene," Ecological Economics, Elsevier, vol. 177(C).
    10. Pollesch, N.L. & Dale, V.H., 2016. "Normalization in sustainability assessment: Methods and implications," Ecological Economics, Elsevier, vol. 130(C), pages 195-208.
    11. Jan Anton van Zanten & Rob van Tulder, 2020. "Beyond COVID-19: Applying “SDG logics” for resilient transformations," Journal of International Business Policy, Palgrave Macmillan, vol. 3(4), pages 451-464, December.
    12. Nikolova, Milena & Graham, Carol, 2015. "In transit: The well-being of migrants from transition and post-transition countries," Journal of Economic Behavior & Organization, Elsevier, vol. 112(C), pages 164-186.
    13. Olivier E. Malay, 2021. "How to Articulate Beyond GDP and Businesses’ Social and Environmental Indicators?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(1), pages 1-25, May.
    14. Hartmann, Dominik & Guevara, Miguel R. & Jara-Figueroa, Cristian & Aristarán, Manuel & Hidalgo, César A., 2017. "Linking Economic Complexity, Institutions, and Income Inequality," World Development, Elsevier, vol. 93(C), pages 75-93.
    15. Espinoza-Delgado, José & Klasen, Stephan, 2018. "Gender and multidimensional poverty in Nicaragua: An individual based approach," World Development, Elsevier, vol. 110(C), pages 466-491.
    16. Miguel Poiares Maduro & Giulio Pasi & Gianluca Misuraca, 2018. "Social Impact Investment in the EU. Financing strategies and outcome oriented approaches for social policy innovation: narratives, experiences, and recommendations," JRC Working Papers JRC111373, Joint Research Centre (Seville site).
    17. Pilar Murias & Beatriz Valcárcel-Aguiar & Rosa María Regueiro-Ferreira, 2020. "A Territorial Estimate for Household Energy Vulnerability: An Application for Spain," Sustainability, MDPI, Open Access Journal, vol. 12(15), pages 1-21, July.
    18. Haifeng Zhang & Zhuo Zhang & Ekaterina Steklova, 2020. "Do Companies Need Financial Flexibility for Sustainable Development?," Sustainability, MDPI, Open Access Journal, vol. 12(5), pages 1-14, February.
    19. Olivier E. Malay, 2020. "Improving government and business coordination through the use of consistent SDGs indicators. A comparative analysis of national (Belgian) and business (pharma and retail) sustainability indicators," LIDAM Discussion Papers IRES 2020031, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES), revised 27 Oct 2020.
    20. Florence Lachet-Touya, 2013. "The Assignment of a CSR Action Choice," Working Papers hal-02944767, HAL.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:corsem:v:27:y:2020:i:4:p:1525-1539. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://doi.org/10.1002/(ISSN)1535-3966 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1535-3966 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.