Formosa Journal of Sustainable Research (FJSR)
Vol. 3 No. 12 (2024): December 2024

The Role of Human Development Index and Demographic Indices in Facing Global Trade Challenges

Rasam, Fadli (Unknown)
Murti, Wahyu (Unknown)
Rozali, Muhammad (Unknown)



Article Info

Publish Date
30 Dec 2024

Abstract

When there is world economic instability, innovation and change and adaptation are needed. In an era of rapidly changing global trade, countries with high HDI have a better ability to adapt to market and technological changes, which is important to remain competitive. The aim of this research is to determine the role of HDI and Demography in global trade. The article can also explain the factors that need to be considered in facing global trade in the future. The method used is the literature review method. The steps taken are identifying problems, collecting sources, extracting sources, selecting sources, analyzing sources and drawing conclusions. The important role of human development and demographic indices is labor productivity, the need for innovation and creativity in the quality of education. Labor availability also determines the readiness and supply of various needs and products. A large young population can provide sufficient labor to support the growth of industry and commerce. Countries with growing populations usually have larger labor forces, allowing them to increase production capacity. The government is advised to implement friendly and competitive trade and investment policies. Demography helps governments formulate policies that support trade

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Journal Info

Abbrev

fjsr

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Education Industrial & Manufacturing Engineering Social Sciences

Description

Formosa Journal of Sustainable Research (FJSR) is an open access and peer-reviewed journal, published by Formosa Publisher. FJSR aims to be a dissemination platform for research result from multidisciplinary research that covers the wide spectrum of research field such as education, including ...