Rasmy, M O; Abu Atta, T A L and Mohamed Ibrahim, A A (2022) Sustainable strategy to create multisector or unisector smart economic hubs. Smart and Sustainable Built Environment, 11(3), pp. 692-716. ISSN 2046-6099
Abstract
Purpose: This study explores the best strategies for regional economic development to attract highly skilled populations, regardless of whether the region is a multisector or unisector economic hub. It also determines the development variables affecting the success of integrated regional economic hubs to achieve spatial equality, enhance economic productivity and attain environmental sustainability. Design/methodology/approach: In addition to a qualitative analysis, this study employed quantitative techniques using SPSS software. This allowed amplification of the most significant explanatory variables affecting the weaknesses and strengths of economic hubs. Findings: The results highlight approaches that can be used to achieve socio-economic sustainability in regional hubs. These include multisectors or main centralised hubs (smart economic regional capital), which provide new services to regions and act as a unidevelopment sector or as a regional, economic capital. Research limitations/implications: The study analyses the effect of economic strategies and integration of natural resources and the required core services in regional economic development. Practical implications: Case studies of successful economic hubs are discussed. The most important services proposed in such hubs promote human development and increase the standard of living. Social implications: Integration between the hubs in a region is fundamental to attracting direct investments that can benefit the local population. Originality/value: The results could help governments, economists and planners implement multisector developmental hubs to achieve sustainable development.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | decentralisation strategy; economic regional capitals; economic smart hubs; integrated regional development; multisector development; regional planning development strategies; smart cities; sustainable development; unisector development; urban economic strategies |
| Index terms: | regional economic, urban economic, strategy, sustainable development, environmental sustainability, qualitative analysis, regional development, population, methodology, regional planning, integration, natural resource, smart city, productivity, decentralization, case study, planner, economic sustainability |
| Subjects: | research design and methodology, profession, data collection methods, urban sustainability, environmental resource management, urban planning, economic analysis, research methods, cities and urban places, management, urban design, health safety and environment, demography, organizational analysis, political science |
| Topics: | Business Strategy, Health and Safety, Research Practice, Roles and Professions, Governance, Sustainability, Urban Studies, Organizational Design |
| Descriptive scope: | 5 PCTEA |
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