The rise of institutional economics brought the quality of participatory social and economic institutions to the fore as a crucial prerequisite for sustainable development, as well as an alleviation of income disparities.
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Acting as a stabilizing force in a volatile region requires constant economic and technological prowess
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The infinite evolution of the term development continues along with the rapid advancement of technological know-how on the eve of the Fourth Industrial Revolution.
Industrial Revolution 4.0, set to trigger fundamental socio-economic transformations across the globe.