New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation Economy

In the context of increasing anti-globalization trends, sustainable economic development has become an inevitable and feasible solution to address the growing contradictions between social, environmental, and economic factors. It aims to achieve a balance between the needs of the economy, society,...

Full description

Bibliographic Details
Main Authors: Shi Yin, Lirui Liu, Tahir Mahmood
Format: Article
Language:English
Published: Bon View Publishing Pte Ltd. 2023-12-01
Series:Green and Low-Carbon Economy
Subjects:
Online Access:https://ojs.bonviewpress.com/index.php/GLCE/article/view/1584
_version_ 1797268856407851008
author Shi Yin
Lirui Liu
Tahir Mahmood
author_facet Shi Yin
Lirui Liu
Tahir Mahmood
author_sort Shi Yin
collection DOAJ
description In the context of increasing anti-globalization trends, sustainable economic development has become an inevitable and feasible solution to address the growing contradictions between social, environmental, and economic factors. It aims to achieve a balance between the needs of the economy, society, and the environment, paving the way for long-term sustainable development. This article is rooted in the backdrop of severe global conflicts between the environment and economy, as well as society. By synthesizing and analyzing a wide range of literature, the article explores the pivotal role of digitalization, green practices, and innovation in driving sustainable economic development. The article emphasizes the interconnectedness and collaborative nature of digital empowerment, green leadership, and innovation-driven approaches in promoting harmonious coexistence between humanity and nature, as well as facilitating high-quality economic growth. Drawing insights from the "Taipao e-Agricultural Insurance" case study, the article demonstrates the benefits derived from the integration of digital, green, and innovation strategies, thereby providing valuable guidance for enterprises and industries seeking transformation and development. Furthermore, the article proposes viable strategies for achieving the integration of digital empowerment, green practices, and innovation-driven development. It offers a comprehensive analysis that expands the existing research on these topics and lays the foundation for future in-depth exploration. The findings of this article carry both theoretical and practical significance, offering valuable insights and practical approaches for achieving sustainable development in various sectors.   Received: 25 August 2023 | Revised: 1 November 2023 | Accepted: 3 December 2023   Conflicts of Interest Shi Yin is an editorial board member for Green and Low-Carbon Economy, and was not involved in the editorial review or the decision to publish this article. The authors declare that they have no conflicts of interest to this work.
first_indexed 2024-04-25T01:39:08Z
format Article
id doaj.art-91960480f4d84c869ab8fcab4a94d171
institution Directory Open Access Journal
issn 2972-3787
language English
last_indexed 2024-04-25T01:39:08Z
publishDate 2023-12-01
publisher Bon View Publishing Pte Ltd.
record_format Article
series Green and Low-Carbon Economy
spelling doaj.art-91960480f4d84c869ab8fcab4a94d1712024-03-08T08:15:10ZengBon View Publishing Pte Ltd.Green and Low-Carbon Economy2972-37872023-12-0110.47852/bonviewGLCE32021584New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation EconomyShi Yin0Lirui Liu1Tahir Mahmood2College of Economics and Management, Hebei Agricultural University and School of Economics and Management, Harbin Engineering University, ChinaCollege of Economics and Management, Hebei Agricultural University and School of Economics and Management, Harbin Engineering University, ChinaDepartment of Mathematics and Statistics, International Islamic University, Pakistan In the context of increasing anti-globalization trends, sustainable economic development has become an inevitable and feasible solution to address the growing contradictions between social, environmental, and economic factors. It aims to achieve a balance between the needs of the economy, society, and the environment, paving the way for long-term sustainable development. This article is rooted in the backdrop of severe global conflicts between the environment and economy, as well as society. By synthesizing and analyzing a wide range of literature, the article explores the pivotal role of digitalization, green practices, and innovation in driving sustainable economic development. The article emphasizes the interconnectedness and collaborative nature of digital empowerment, green leadership, and innovation-driven approaches in promoting harmonious coexistence between humanity and nature, as well as facilitating high-quality economic growth. Drawing insights from the "Taipao e-Agricultural Insurance" case study, the article demonstrates the benefits derived from the integration of digital, green, and innovation strategies, thereby providing valuable guidance for enterprises and industries seeking transformation and development. Furthermore, the article proposes viable strategies for achieving the integration of digital empowerment, green practices, and innovation-driven development. It offers a comprehensive analysis that expands the existing research on these topics and lays the foundation for future in-depth exploration. The findings of this article carry both theoretical and practical significance, offering valuable insights and practical approaches for achieving sustainable development in various sectors.   Received: 25 August 2023 | Revised: 1 November 2023 | Accepted: 3 December 2023   Conflicts of Interest Shi Yin is an editorial board member for Green and Low-Carbon Economy, and was not involved in the editorial review or the decision to publish this article. The authors declare that they have no conflicts of interest to this work. https://ojs.bonviewpress.com/index.php/GLCE/article/view/1584sustainable developmentdigital green innovationsustainable economydigital economygreen economyinnovative economy
spellingShingle Shi Yin
Lirui Liu
Tahir Mahmood
New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation Economy
Green and Low-Carbon Economy
sustainable development
digital green innovation
sustainable economy
digital economy
green economy
innovative economy
title New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation Economy
title_full New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation Economy
title_fullStr New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation Economy
title_full_unstemmed New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation Economy
title_short New Trends in Sustainable Development for Industry 5.0: Digital Green Innovation Economy
title_sort new trends in sustainable development for industry 5 0 digital green innovation economy
topic sustainable development
digital green innovation
sustainable economy
digital economy
green economy
innovative economy
url https://ojs.bonviewpress.com/index.php/GLCE/article/view/1584
work_keys_str_mv AT shiyin newtrendsinsustainabledevelopmentforindustry50digitalgreeninnovationeconomy
AT liruiliu newtrendsinsustainabledevelopmentforindustry50digitalgreeninnovationeconomy
AT tahirmahmood newtrendsinsustainabledevelopmentforindustry50digitalgreeninnovationeconomy