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Digital and Green Capitalism and the role of emotional and social intelligence for sustainable development

Tsiftsian Ilias

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Year 2021
Type of Item Diploma Work
Bibliographic Citation Ilias Tsiftsian, "Digital and Green Capitalism and the role of emotional and social intelligence for sustainable development", Diploma Work, School of Production Engineering and Management, Technical University of Crete, Chania, Greece, 2021
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The purpose of this thesis is to explore whether the concepts of green and digital capitalism and emotional and social intelligence are able to contribute in finding a solution for sustainable development.The rapid increase in extreme weather phenomena, both in number and intensity, is the greatest immediate threat to human civilization, and even to the survival of the species itself. Natural disasters are usually unpredictable and cause complex emergency situations, such as loss of lives, public health, homes, property and important documents and also contribute to the spread of diseases, inadequate access to food and water, and many other losses. They affect agriculture in the long run, causing reduced production, equipment destruction, crop loss, and consequent agricultural income. While technology has helped reduce losses in human lives, economic losses continue to rise at high rates, leading rapidly to economic disaster for affected nations. So, it has become clear to the United Nations that reducing natural disasters is the key to eradicating poverty. For this reason, a holistic approach has been adopted by the United Nations since 2015 by voting a series of interconnected frameworks and agreements between States to reduce the risk of natural disasters (Sendai Framework, Paris Agreement, etc.) and the sustainable development of nations (UNESCO 2030 - Agenda for Sustainable Development, the Digital Competence Framework-DigComp, The Entrepreneurship Competence Framework-EntreComp, etc.).The critical interdependence between human health and well-being, ecology and technology lend to a great deal of complexity in finding solutions to deal with and prevent natural disasters, but also to the economic development and prosperity of nations.According to the latest Sendai Framework Implementation Report (GAR 2019), a new model for understanding and living with uncertainty and complexity is needed, which can activate the power of human and social intelligence and, where possible, be enhanced by properly designed artificial intelligence. Concepts such as collective intelligence (powerful combination of human, artificial or mechanical intelligence with the ability to process) are at the core of systematic risk management and prosperity.The transformation of the global economy based on an environmentally friendly model of collective intelligence, with less greenhouse gas emissions and rational use of natural resources, is the only solution to preserve and secure a global environmental balance. Purely technological solutions based on objectivity and value neutrality detach man from his inherent connection to the environment, causing economic, ecological and social systems to collapse. People should decide to make profound changes that incorporate high-level rules, formulate attitudes, choices and behaviors that respect both the environment and also fellow human beings.The capitalist model of the last few decades, with the reckless use of natural resources and the tendency to abolish restrictions, now seems less and less viable. Replacing it with a form of capitalism, where eco-capital has the primary role (Green Capitalism), appears as a promising solution for sustainable development, although criticism of this systemic change is fierce. At the same time, digital capitalism, which operates as a combination of the existing economic model with new technologies within a globalized market, can lead to a more equitable and rational use of resources without, however, eliminating the risk of further undermining regulators and the deregulation of established labor relations.The purpose of this thesis is therefore to present contemporary international trends and frameworks on sustainable development, the various theories and views of digital and green capitalism, and to explore whether theories of change and emotional and social intelligence can contribute to transforming the culture of all stakeholders (local communities, the private sector, but also individuals) into a more environmentally aware, but also in acquiring the skills necessary to more effectively manage, prevent and respond to climate change crises. In addition, it examines the extent to which Total Quality Management (TQM) philosophy can contribute not just as a business tool, but as an integrated mindset change program, different from the general management concept and inextricably linked to the excellent result.

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