During the last few decades, economists have tried to find a solution to eradicate poverty, especially since the United Nations’ Sustainable Development Goals were launched. The target of Goal 1 is to end poverty in all its forms everywhere. While income inequality and unemployment have played a major part in contributing to poor wellbeing in the world, other factors such as political instability, a lack of good investment opportunities, and living conditions have contributed to it as well. Thus, in this work, the authors analyze the factors that impact poverty and compare these results between countries within the European Union and post-communist countries that include the Western Balkan (WB) countries: Albania, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia. The method used consists of both descriptive statistics and multiple regression analysis using the fixed effect model where poverty is taken as the dependent variable. The data used in this study are gathered from the World Bank and Legatum Prosperity, during the period between 2009 and 2018. The results show that income inequality does indeed impact the further progress of poverty for both the EU and WB, while economic development in terms of GDP is shown to have a more significant impact on EU than in WB, where the most significant impact was through income per capita. Other factors such as education, investment environment, and especially unemployment also significantly impacted on decreasing the poverty rate in both economic zones.

It has been extensively debated how social innovation, circularity, and energy transition may all be considered environmental, social, and governance (ESG) components from a sustainability perspective. To comprehend the conceptual development of this subject in the academic literature, few studies, however, tackle the problems above by reviewing earlier research on the subject. By developing the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) technique, this study aims to address the current and anticipated advancements in social innovation, energy transition, and circularity. As a result, we create two metasynthesis analyses related to “social innovation–energy transition” and “social innovation–circularity.” In the first analysis, the three databases Web of Science, Scopus, and JSTOR had a total of 1767 studies and reports, and in the second analysis, we reviewed the work from a total of 466 studies and reports. We emphasize that implementing environmental, social, and governance (ESG) practices require social innovation, circularity, and energy transition. The study’s key contributions are the five cluster themes classification for the two metasynthesis analyses, which point to potential future directions for both firms and governments to pursue some macro-level goals concerning energy transition and circularity through social innovation.

HAPPINESS AND ECONOMIC GROWTH: WESTERN BALKANS AND EUROPEAN UNION Economic development over the past years has been the core objective of most governments. Part of their overt reasoning has been that people have more choice and the ability to pursue that choice through increased national and individual incomes. However, with recent studies it seems that the relationship between increasing economic growth and individual satisfaction and social well-being that may have existed in 'developed countries' has broken down. The aim of this paper is to analyze whether there is a relationship between GDP per capita, happiness and education in the region of EU and the Western Balkans, during the period of 2009-2018. Other variables taken into consideration are Health Care Index, HDI, Quality of life, Safety and Security, Personal Freedom and Economic Quality. Therefore, we will use a regression analysis in order to observe the correlation between these variables, with Happiness being the dependent variable. What we expect to conclude is on accordance with the literature review. In Western Balkans countries the link between education and satisfaction is more significant and positive while in EU countries it points at a lower satisfaction for more qualified individuals.

Development economics is a field of study, trying to explore the reason of economic success and failures of different countries or regions in the world. It deals with important issues and gaps of 21st Century, such as poverty, inequality, education, health, demographic changes, migration, trade and globalization. Moreover, the basic issues of development economics have been in focus since 1776 within the famous book of Adam Smith “An Inquiry into the Nature and Causes of the Wealth of Nations”. Development economics, it can be argued, has to be concerned not only with protecting its "own" territory, but also with keeping alive the foundational motivation of the subject of economics in general. All the above-mentioned aspects on development economics are the main motivation of this paper. Furthermore, this study tries to analyze, synthesize and recapitulate the integration of teaching and learning in graduate studies. It is the case of an actual course, termed “Development and Growth”, offered in the economics department of the Master of Science program. The study will cover two main analyses: the first analysis, dealing with the specifics of course organization and management and the second one, exploring the students’ projects and their integration with the course.

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