Economic transformation and social equity: A frame for sustainable progress
S. Saranya 1 * , K. Chandrasekar 1
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1 Alagappa Institute of Management, Alagappa University, Karaikudi, Tamil Nadu, INDIA* Corresponding Author

Abstract

Economic transformation and social equity are key drivers of sustainable progress, particularly in developing countries where achieving balance between economic growth and social inclusivity remains a challenge. This study focuses on the need for an integrated framework that connects governance, human capital development, and environmental sustainability to promote long-term resilience. The research aims to construct a cohesive approach that links these elements to address systemic inequalities and foster innovation and social mobility. By adopting a multidisciplinary approach, the study analyzes the interactions between governance structures, technological innovations, and inclusive economic models. Key challenges identified include fragmented policy frameworks, limited financial access, and weak governance structures. The findings suggest that adaptive, equity-driven economic models, supported by decentralization and digital innovation, can help overcome these challenges. Case studies from successful initiatives demonstrate how linking governance, technology, and inclusion can improve critical sectors such as food security and social welfare. This research contributes practical insights for policymakers, advocating for collaborative, multi-stakeholder approaches that align economic, social, and environmental goals, thus paving the way for sustainable economic transformation in developing regions.

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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Article Type: Review Article

EUR J SUSTAIN DEV RES, Volume 9, Issue 4, 2025, Article No: em0317

https://doi.org/10.29333/ejosdr/16577

Publication date: 01 Oct 2025

Online publication date: 07 Jul 2025

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Article Downloads: 19

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