Optimizing the utilization of mineral assets and human resources for enhanced social welfare and sustainable development

Chuangang Wang and Xin Li

Resources Policy, 2024, vol. 90, issue C

Abstract: This study investigates the connections among metallic and non-metallic resource production, foreign direct investment (FDI), governance, Consumer Price Index (CPI), and Social Sustainable Development Index (SSDI) in the RCEP (Regional Comprehensive Economic Partnership) region from 2000 to 2022. While short-term positive impacts on SSDI are evident in both resource types, the dynamics shift to long-term negative effects, emphasizing the urgency of sustainable resource management. Heightened FDI consistently exhibits a negative impact, raising concerns about income inequality. Effective governance, as indicated by the Good Governance Index, positively influences SSDI, while CPI shows a negative correlation. Comparative analysis underscores the short-term benefits but long-term drawbacks of both resource types on SSDI. Proposed practical policies for RCEP countries encompass economic diversification, stringent environmental regulations, transparent governance, sustainable technology investment, international cooperation, and ongoing policy evaluation for sustained long-term development.

Keywords: Metallic resources; Non-metallic mineral resources; Social sustainable development; Mineral resource sustainability; RCEP region (search for similar items in EconPapers)
JEL-codes: F15 F36 O53 Q34 Q38 Q56 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:90:y:2024:i:c:s0301420724001223

DOI: 10.1016/j.resourpol.2024.104755

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