TITLE:
A Review on Sustainable Socioeconomic Indicators and the Immediate Need for Resilient Interventions in Navigating Future Climate Challenges on Developing Economies
AUTHORS:
Clemence Abadata, Tian Ze
KEYWORDS:
Socioeconomic, Climate Change, Developing Countries, Africa, Agriculture, Energy Security
JOURNAL NAME:
Open Journal of Business and Management,
Vol.13 No.1,
January
30,
2025
ABSTRACT: A review on sustainable socioeconomic indicators and the immediate need for resilient interventions in navigating future climate challenges on developing economies looks at future trends by examining forthcoming trends in the interplay between socioeconomic factors and projected climate change challenges as documented in existing literature. The study discusses on prediction of what might happen in the coming decades and the need for climate-resilient interventions. However, there is a significant body of literature on some sectors like climate impacts on GDP per capita and crop yield in developing countries and there are some sectors like energy security and water that have received less scholarly attention. Across various sectors, the developing countries will suffer the most and it’ll be worse later on if there is no intervention. In addition, the paper highlights the necessity of a structural shift across five important economic sectors that shows how by adopting bold climate policies may result in profits.