Collaborative Economy and Sustainable Development on the 2050 Horizon

Gabriel Xiao-Guang Yue and Otilia Manta
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Gabriel Xiao-Guang Yue: European University Cyprus

Chapter Chapter 27 in Europe in the New World Economy: Opportunities and Challenges, 2024, pp 459-482 from Springer

Abstract: Abstract The collaborative economy, shaped by enduring factors from internal and external sources, including the economic, sociocultural, technological, and natural environments, establishes itself not only as an economic model but also as a significant force steering contemporary societal development. The impact of the technological and digital eras on business models, particularly the collaborative and innovative economy, is evident. The twenty-first century witnesses the rapid evolution of the shared economy through various platforms, highlighting the swift progression of the digital revolution across diverse sectors. Resilience, inclusion, and sustainability emerge as pivotal aspects in this dynamic landscape, leading to the proposition that this technology-driven economic model is sustainable for future generations. We are currently witnessing the development of online platforms (almost in all fields), from platforms for the distribution of applications, services, and goods to social media platforms and even online learning, communication, and meeting platforms. All these services and goods are accessed with a click. The main objective of our study is to elucidate the specificities of the collaborative economy model. An innovative aspect involves associating the identified and developed innovations in the digital services sector (platforms) with the collaborative economy model. Furthermore, we posit that these innovations can also act as a multiplier effect on the outcomes of our study, aligning with the specific models of national economies within the digital age context. In recent years, the sharing economy has significantly spurred innovation. Facilitated by online platforms and direct user-to-user exchanges, this trend has engendered fresh opportunities and given rise to inventive services. The sharing economy advocates for enhanced resource efficiency by enabling communal sharing, with ongoing innovations emerging as individuals uncover novel ways to collaborate, thereby fostering mutual benefits.

Keywords: Collaborative economy; Sustainability; Finance (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-3-031-71329-3_27

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