Title: A more holistic paradigm on sustainable development

Authors: Tom Coyle, Jane LeMaster

Addresses: School of Business Administration, University of Texas at Brownsville, 80 Fort Brown, Brownsville, TX 78520, USA. ' The Center for Online Learning, Teaching and Technology, University of Texas – Pan American 1201 W. University Drive, Edinburgh, TX 78539, USA

Abstract: This paper suggests a more holistic paradigm on national sustainable development, linking together the three constructs of societal survivability, business capability and economic sustainability. Results support the superiority of the three-prong paradigm, and structural equation modelling shows that societal and business constructs are the predominant factors in promoting a country|s sustainability. The contribution of this paper is relevant to literature on economic development and has timely real-world implications that could guide managers and policy-makers. This study is the first to suggest a new holistic development paradigm linking all three constructs in one model and, therefore, fills this literature gap.

Keywords: economic development; societal sustainability; business capability; financial reform; health reform; development policy; corporate governance; government and society; factor analysis; sustainable development; societal survivability; economic sustainability; holistic development.

DOI: 10.1504/IJTGM.2011.041760

International Journal of Trade and Global Markets, 2011 Vol.4 No.3, pp.243 - 260

Published online: 08 Apr 2015 *

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