FEB

Blog

  • Dukung Pengembangan UMKM, HMJ Manajemen Gelar ECOFAIR 2023

    Dukung Pengembangan UMKM, HMJ Manajemen Gelar ECOFAIR 2023

    ECOFAIR 2023 merupakan gong pembuka dari serangkaian acara Management Carnival yang digelar oleh Himpunan Mahasiswa Jurusan (HMP) Manajemen Fakultas Ekonomi dan Bisnis (FEB) Universitas Sebelas Maret (UNS), 7-9 September 2023 di Halaman Gedung Djarwanto PS.

    Kegiatan yang mengangkat tema “Let’s Collaborate with your business and make MSMEs a Game Changer Keep the spirit to find opportunities” bertujuan untuk mendukung pengembangan Usaha Mikro Kecil dan Menengah (UMKM) dengan cara memberikan media kolaborasi, pengembangan dan pemberdayaan kepada para pemilik UMKM yang berada di wilayah Solo dan sekitarnya.

    Plt.Kepala Program Studi Manajemen FEB UNS, Dr. Atmaji, MM dalam sambutannya menyampaikan penghargaan kepada seluruh panitia yang telah bekerja keras menggelar ECOFAIR 2023.

    “Terima kasih kepada seluruh panitia, kolaborasi antara mahasiswa dengan UMKM menjadi satu hal yang penting. Salah satu pondasi ekonomi kita adalah UMKM. UMKM itu kapanpun dimanapun bisa hidup bahkan di masa pandemi UMKM justru sebagai salah satu  penyangga ekonomi di Indonesia. Sehingga sangat tepat jika kalian mengangkat tema tentang UMKM” ungkapnya

    Lebih lanjut dikatakan, kegiatan ini merupakan salah satu satu bentuk praktek perkuliahan.

    Upaya yang dilakukan prodi adalah profil lulusan nanti salah satunya adalah bisa menjadi wirausaha. Tentu saja dimulai dari usaha mikro kecil dan menengah, selanjutnya jika dikelola dengan baik, dengan manajemen yang bagus dan ilmu yang dimiliki maka usaha yang dimiliki akan semakin besar.

    Plt. Wakil Dekan Perencanaan, Kerjasama Bisnis dan Informasi, Tastaftiyan Risfandy, S.E., M.Sc., Ph.D., juga mengapresiasi kegiatan ECOFAIR.

    Ia berharap kedepannya, himpunan mahasiswa jurusan bisa mulai berpikir bagaimana agar ECOFAIR bisa diselenggarakan dengan dua jalur. Yang pertama secara offline, lalu untuk mengefisiensi waktu bisa diselenggarakan dengan sistem digital atau online karena perkembangan UMKM yang ada sekarang ini semuanya  mengarah pada digitalisasi.

    Harapan kami semoga kegiatan yang seperti ini bisa membawa manfaat baik kepada panitia, fakultas, maupun UMKM di sekitar UNS.

    Selanjutnya, mewakili Dekan, Tastaftiyan, Ph.D. membuka  ECOFAIR 2023 dengan seremoni pengguntingan pita yang disaksikan oleh sejumlah tamu undangan dan pengunjung ECOFAIR.

    ECOFAIR yang berjalan selama tiga hari dimeriahkan dengan lomba e-sport dan fun games.

  • FEB Staff Participate in HR Discussion, Building Work Ethos to Improve FEB

    FEB Staff Participate in HR Discussion, Building Work Ethos to Improve FEB

    The Academic Support Staff (Tendik) of the Faculty of Economics and Business (FEB), Universitas Sebelas Maret (UNS) participated in a Discussion meeting in the Konimex Hall of the Bachtiar Effendi Building, on Tuesday, September 5, 2023. Aside from serving as a performance evaluation for the Academic Support Staff, the agenda also aims to introduce the new Coordinator for the Administration Affairs at FEB, Iwan Kusmartono, SH.

    The Vice Dean for Human Resources, Finance, and Logistics of FEB UNS, Dr. Djuminah, M.Si., Ak., in her remarks, conveyed that FEB Academic Support Staff should always maintain a sense of unity and collaboration in conducting their job duties, working together for seamless tasks completion at FEB.

    “When conducting your duty, do not get divided into groups as it will erode our comradeship. We must be able to help each other,” she stressed.

    Furthermore, she added that each staff has their own strengths, which similar to units or faculties. Weaknesses and strengths must make opportunities for the staff to work better, together, in facing the challenges of a rapidly developing era.

    Meanwhile, starting his remarks Iwan shared his experiences when serving in the HR department at the UNS Headquarters Office. He also invited more than 40 Academic Support Staff who attended the discussion to remain grateful.

    “We must strengthen our hearts, and always be grateful that we are here more fortunate than people out there. This is important because if we do not strengthen our hearts, we will always feel like we are lacking in something. Harboring this feeling, at the time when we are assigned to do a task, which is outside our main duty, it will definitely feel heavy and we reject it,” he revealed.

    Iwan also emphasized the importance of maintaining trust in work, things related to job duty shall be resolved first while maintain discipline to comply with predetermined working hours. Certain values and principles in helping, alleviating, and facilitating other people’s affairs needs to be instilled, thus the staff can conduct their job well and contributes positively to FEB in particular and also UNS.

    “At the beginning let’s try to build synergy, build a good work ethos, build good working relationships, thus all work can be completed well too, not for person per person but for FEB,” he stated.

    Iwan also advised the participants to be careful in providing services, do not make statements that hurt others. In this era, any dissatisfaction from those we serve will be very easy to go on social media, especially Twitter.

    Iwan also conveyed several things that had previously been discussed with sub-coordinators at FEB, including improvements in terms of Standard Operating Procedures (SOP), evaluation of Main Duties and Functions of Academic Support Staff, application of legalization in carrying out work, and the latest in data collection needed for the information services that must be contained on the PPID Website, Information and Documentation Management Officer FEB.

    At the end of his direction, Iwan invited Academic Support Staff to work together to improve and build FEB, without the need to overthrow each other and condemn each other. Build a good work ethos with a sense of sympathy and empathy.

    The discussion also opened an exchange with Academic Support Staff, hoping that with close relationships, existing problems can be resolved well. In the future, discussions are planned to be held regularly once a month.

  • Tendik FEB Ikuti Sarasehan SDM, Bangun Etos Kerja untuk Memajukan FEB

    Tendik FEB Ikuti Sarasehan SDM, Bangun Etos Kerja untuk Memajukan FEB

    Tenaga Kependidikan (Tendik) Fakultas Ekonomi dan Bisnis (FEB) Universitas Sebelas Maret (UNS) mengikuti kegiatan Sarasehan di Aula Konimex Gedung Bachtiar Effendi, Selasa 5 September 2023. Selain sebagai sarana untuk mengevaluasi kinerja Tendik, kegiatan itu juga dalam rangka perkenalan dengan Koordinator Tata Usaha di FEB yang baru,  Iwan Kusmartono, SH.

    Wakil Dekan Sumber Daya Manusia FEB UNS, Dr. Djuminah, M.Si., Ak dalam sambutannya menyampaikan agar Tendik FEB selalu menjaga rasa persatuan dan kesatuan dalam bekerja, saling bekerja sama untuk kelancaran tugas di FEB.

    “Jangan terlalu terkotak-kotak dalam bekerja sehingga melunturkan kebersamaan. Kita harus saling bisa membantu” tegasnya.

    Lebih lanjut disampaikan, kita punya kekuatan masing-masing, diri,  unit atau fakultas. Kelemahan dan kekuatan itu harus menjadikan peluang untuk kita bekerja bersama lebih baik dalam menghadapi tantangan perkembangan zaman yang begitu cepat.

    Sementara itu, mengawali kata sambutannya Iwan berbagi pengalaman ketika bertugas di bagian SDM Kantor Pusat. Ia juga mengajak kepada lebih dari 40 Tendik yang hadir dalam sarasehan untuk selalu bersyukur.

    “Kita harus  memantapkan hati, selalu bersyukur bahwa kita disini lebih beruntung dari pada orang-orang yang di luar sana. Hal itu penting karena jika kita tidak memantapkan hati seperti itu,  yang ada hanyalah kita akan selalu kurang, jika merasa kurang maka apa yang ditugaskan di luar pekerjaan kita, pasti akan merasa berat dan kita tolak” ungkapnya.

    Iwan juga menekankan pentingnya untuk menjaga amanah dalam bekerja, hal-hal yang terkait urusan pekerjaan diselesaikan terlebih dahulu dan menjaga kedisiplinan untuk menepati jam kerja yang telah ditentukan.

    Prinsip membantu, meringankan dan  mempermudah urusan orang lain perlu ditanamkan agar pekerjaan berjalan dengan baik dan memberikan kontribusi positif kepada FEB khususnya dan juga UNS.

    “Di awal mari kita coba membangun sinergi bersama, membangun etos kerja, membangun hubungan kerja yang baik agar semua pekerjaan bisa tuntas berjalan dengan baik juga, bukan untuk orang per orang tapi untuk FEB” ajaknya .

    Iwan juga berpesan agar berhati-hati dalam memberikan layanan, jangan membuat statement hal-hal yang menciderai. Di era ini, setiap ketidakpuasan dari pihak yang kita layani akan sangat mudah untuk diunggah di media sosial, terutama twitter.

    Iwan juga menyampaikan beberapa hal yang sebelumnya telah didisdiskusikan dengan para subkoordinator di FEB, diantaranya perbaikan dalam hal Standar Operasional Prosedur (SOP), evaluasi Tugas Pokok dan Fungsi Tendik,  penerapan legalisasi dalam pelaksanaan pekerjaan dan yang terdekat adalah penyusunan data dalam layanan informasi yang harus termuat dalam Website PPID, Pejabat Pengelola Informasi dan Dokumentasi FEB.

    Di akhir arahannya, Iwan mengajak Tendik untuk bekerja sama memajukan, membangun FEB dengan tidak saling menyikut dan tidak saling menyalahkan. Bangun etos kerja yang baik dengan rasa simpati dan empati.

    Sarasehan tersebut juga membuka diskusi dengan para tendik, harapannya dengan kedekatan hubungan, permasalahan yang ada bisa terpecahkan dengan baik.

    Ke depan, sarasehan direncanakan akan digelar rutin sekali dalam sebulan.

  • In Collaboration with BKF, the DESP Study Program Hosted a State Budget Simulation Lecture

    In Collaboration with BKF, the DESP Study Program Hosted a State Budget Simulation Lecture

    In the first week of the 2023-2024 academic session, a team from the Fiscal Policy Agency (BKF) of the Ministry of Finance (Kemenkeu) shared their experiences on the State Budget with students of the Development Economics Study Program (DESP), Faculty of Economics and Business (FEB), Universitas Sebelas Maret (UNS), Thursday, September 31, 2023 at the Suhardi FEB UNS Building.

    The agenda entitled ‘State Budget Simulation Lecture’ was a follow-up agenda to the partnership that had previously been carried out between DESP FEB and the BKF Ministry of Finance. In her welcoming remark, Dr. Dwi Prasetyani, SE, M.Sc., Vice Dean of Academic, Research, and Student Affairs of FEB UNS expressed her gratitude to BKF for the partnership with FEB UNS.

    “Representing the faculty, we express our gratitude to BKF for its willingness to maintain the establishment of partnership. We hope for future breakthroughs, thus, the current collaboration can be more meaningful and impactful for students,” she said.

    Further, Dr. Dwi hopes that this collaboration will not only contribute impact to the FEB academic community, but also to UNS, other universities aside from UNS, and also for local governments.

    One of the collaboration initiatives that is still in the discussion process is the establishment of a Fiscal Corner. The Fiscal Corner will be a space for collaboration between FEB and the Ministry of Finance.

    It is also said that the DESP is included as a study program that has the highest contribution number of the top ten collaborations at UNS. This is a commendable achievement.

    After receiving direction at the Suhardi Building, students participated in a simulation activity, which was divided into 3 classes and led by the BKF Team and each DESP Lecturer as Supervisor.

  • Jalin Kerja Sama dengan BKF, Prodi EP Adakan Kuliah Simulasi APBN

    Jalin Kerja Sama dengan BKF, Prodi EP Adakan Kuliah Simulasi APBN

    Pada pekan pertama perkuliahan, Tim dari Badan Kebijakan Fiskal (BKF) Kementerian Keuangan (Kemenkeu) berbagi pengalaman tentang APBN kepada mahasiswa Program Studi Ekonomi Pembangunan Fakultas Ekonomi dan Bisnis (FEB) Universitas Sebelas Maret (UNS), Kamis 31 September 2023 di Gedung Suhardi FEB UNS.

    Kegiatan yang bertajuk Kuliah Simulasi APBN merupakan tindak lanjut dari kerja sama yang sebelumnya telah dilakukan antara Prodi EP FEB dengan BKF Kemenkeu.

    Dalam sambutannya, Dr. Dwi Prasetyani, S.E., M.Si., Wakil Dekan Akademik, Riset dan Kemahasiswaan FEB UNS menyampaikan ucapan terima kasih kepada BKF atas jalinan kerja sama dengan FEB.

    “Kami mewakili fakultas mengucapkan terimakasih kepada BKF atas kesediaannya untuk selalu menjalin kerjasama. Kami harapkan terobosan-terobosan yang bisa kita lakukan ke depan,  supaya kerjasama ini bisa lebih bermakna dan berdampak untuk para mahasiswa” ungkapnya.

    Lebih lanjut, Dr. Dwi berharap jalinan kerja sama ini tidak hanya berdampak bagi civitas akademika FEB, namun juga UNS,  perguruan tinggi di luar UNS, dan juga untuk pemerintah daerah.

    Salah satu inisiasi kerja sama yang masih dalam proses penggodokan yakni pembentukan Fiscal Corner. Fiscal Corner akan menjadi sebuah wadah kerja sama antara FEB dengan Kementerian Keuangan.

    Dikatakan juga, Prodi EP termasuk sebagai prodi yang bisa memberikan kontribusi jumlah kerja sama peringkat sepuluh besar tertinggi di UNS. Ini adalah capaian yang membanggakan.

    Usai mendapatkan arahan di Gedung Suhardi, mahasiswa mengikuti kegiatan simulasi yang terbagi dalam 3 kelas dan dipandu oleh Tim BKF serta masing-masing Dosen Pengampu Prodi EP.

  • UNS KKN Team Provides Dissemination on the Establishment of MSMEs in Monterado Village, West Kalimantan

    UNS KKN Team Provides Dissemination on the Establishment of MSMEs in Monterado Village, West Kalimantan

    Group 9 of the IX Kebangsaan Student Community Service (KKN) Team West Kalimantan held an information extension and dissemination in Monterado Village, Bengkayang, West Kalimantan. This activity is intended for community development as well as Micro, Small, and Medium Enterprises (MSMEs) in Monterado Village.

    The KKN IX Team is a collaboration of universities students including Universitas Sebelas Maret, Universitas Sriwijaya, IAIN Palangkaraya, Institut Teknologi dan Bisnis Nobel Indonesia Makassar, Institut Shanti Bhuana Bengkayang, IAIN Pontianak, and Universitas Tanjungpura.

    To feb.uns.ac.id, Muhammad Ezzat Alfauzi, a student of the Management Study Program, Faculty of Economics and Business (FEB) UNS said that the program entitled “Dissemination of MSME Manufacturing and Development” was carried out with a material presented by the Group 9 of KKN Kebangsaan Team.

    In the dissemination held on (03/08/2023), the students explained the conditions for establishing MSMEs and their positive impact on the community if MSMEs could embrace the surrounding community. Hopefully, the information and knowledge shared will be beneficial not only for the Head of BPD but also for the residents of Monterado village.

    There are various problems related to business establishment and development, especially for MSMEs. These problems include unoptimized local natural products usage in business, which should have been promoted by the village government to boost the potential of local products, thus, encouraging the residents’ economic activities.

    With the dissemination of MSMEs establishment and development of MSMEs, hopefully, the Moterado Village community can take advantage of the existing resources and residents’ creativity to improve the Monterado Village welfare.

    The dissemination received positive notes from the Head of Monterado Village Consultative Body (BPD) and also the residents of Monterado Village. Many of the residents are interested in creating profitable products by utilizing available local resources. With the help of the Monterado BUMdes to facilitate their legality, hopefully, the operation process within the village’s MSMEs can go seamlessly, thus, improving the Monterado Village economic activities.

    The residents’ interest can be seen from the highly interactive residents’ enthusiasm during the material session explaining the importance of MSMEs and how they impact the surrounding community.

  • Tim KKN UNS Berikan Sosialisasi Pembentukan UMKM di Desa Monterado Kalimantan Barat

    Tim KKN UNS Berikan Sosialisasi Pembentukan UMKM di Desa Monterado Kalimantan Barat

    Tim Kuliah Kerja Nyata Kebangsaan (KKN) IX Kalimantan Barat Kelompok 9 menyelenggarakan sosialisasi bertempat di Desa Monterado, Bengkayang, Kalimantan Barat. Kegiatan ini ditujukan untuk pengembangan masyarakat serta Usaha Mikro Kecil dan Menengah (UMKM) di Desa Monterado.

    Tim KKN IX merupakan kolaborasi dari perguruan tinggi diantaranya Universitas Sebelas Maret, Universitas Sriwijaya, IAIN Palangkaraya, Institut Tekonolgi dan Bisnis Nobel Indonesia Makasar, Institut Shanti Bhuana Bengkayang, IAIN Pontianak dan Universitas Tanjungpura.

    Kepada feb.uns.ac.id, Muhammad Ezzat Alfauzi, mahasiswa Prodi S1 Manajemen Fakultas Ekonomi dan Bisnis (FEB) UNS menyampaikan bahwa program yang bertajuk “Sosialisasi Pembuatan dan Pengembangan UMKM” dilaksanakan dengan pemaparan yang di presentasikan oleh tim KKN Kebangsaan kelompok 9.

    Dalam Sosialisasi tersebut dijelaskan bagaimana syarat-syarat pembuatan UMKM dan juga apa pengaruh positif kepada masyarakat apabila UMKM bisa merangkul masyarakat disekitarnya.

    Sosialisasi Pembuatan dan Pengembangan UMKM dilaksanakan pada tanggal (03/08/2023) Ilmu yang didapat bermanfaat tidak hanya bagi Kepala BPD, tetapi juga warga desa Monterado.

    Terdapat berbagai macam permasalahan dalam pembuatan dan pengembangan usaha, terutama UMKM, seperti masyarakat yang belum memanfaatkan hasil alam sepenuhnya yang seharusnya dari pemerintah desa bisa mendorong potensi produk lokal yang dapat mendorong perekonomian penduduk.

    Dengan adanya sosialisasi pembuatan dan pengembangan UMKM, diharapkan masyarakat Desa Moterado bisa memanfaatkan sumber daya yang ada dan kreatifitas yang dimiliki warganya sehingga dapat meningkatkan perekonomian warga di Desa Monterado.

    Dari Sosialiasi yang diadakan mendapatkan respon positif dari Bapak BPD dan juga Masyarakat di Desa Monterado, Banyak dari Masyarakat yang tertarik untuk membuat produk yang dapat menghasilkan uang dengan memanfaatkan sumber daya yang ada, dengan bantuan BUMdes sebagai wadah untuk legalitas diharapkan UMKM akan berjalan dengan baik dan dapat meningkatkan perekonomian di Desa Monterado.

    Hal tersebut dapat dilihat dari antusias warga yang sangat interaktif pada saat sesi pemaparan pentingnya UMKM dan bagaimana dampaknya bagi masyarakat disekitar.

  • Workshop Materi Kegiatan Brevet Pajak A dan B

    Tim Pengembangan Kerjasama Akuntansi (Pengelola Kegiatan Brevet Pajak), Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis Universitas Sebelas Maret menyelenggarakan Workshop Materi Kegiatan Brevet Pajak A dan B pada Jumat, 25 Agustus 2023. Yang dilaksanakan di Ruang Teleconference, Gedung Soedarah Soepono (Gedung 5 Lantai 3), Fakultas Ekonomi dan Bisnis, Universitas Sebelas Maret. Dengan menghadirkan dua narasumber, yaitu: Warsito S.E., M.Si dan Mukh. Nurkholis, Ak., BKP-C., CA. Konsultan Pajak MNCo.

  • MESP FEB UNS Study Program Welcomes a Collaboration Visit of MIE Study Program FEB UNJA

    MESP FEB UNS Study Program Welcomes a Collaboration Visit of MIE Study Program FEB UNJA

    The Master of Economics and Development Studies (MESP) Study Program, Faculty of Economics and Business (FEB), Universitas Sebelas Maret (UNS) welcomes a visit from the Master of Economics (MIE) Study Program, FEB, Universitas Jambi, Tuesday, August 29, 2023.

    The Head of MIE Study Program FEB UNJA, Dr. Erni Achmad, SE, M.Sc., along with the Secretary of the Study Program, Dr. Candra Mustika, SE, M.Si., and staff were welcomed by the Vice Dean of Academic, Research and Student Affairs FEB UNS, Dr. Dwi Prasetyani, SE, M.Si., Head of MESP Study Program, Dr. Evi Gravitiani, SE M.Sc., Head of Development Economics Study Program, Bhimo Rizky Samudro, SE, M.Sc. Ph.D., along with FEB UNS Lecturers.

    This visit is under the agenda for external benchmarking to the MESP Study Program FEB UNS. On this occasion, a partnership memorandum signatory ceremony was also carried out. This collaboration aims to improve and foster institutional networking between the two institutions in carrying out Education, Research, and Community Service activities, as well as various other activities under the Tri Dharma of Higher Education implementation

  • Welcoming New Students on the First Day of College, the Development Economics Study Program (DESP) Invites Guest Lecturers from Universiti Sains Malaysia

    Welcoming New Students on the First Day of College, the Development Economics Study Program (DESP) Invites Guest Lecturers from Universiti Sains Malaysia

    On the first day of the August 2023-January 2024 academic session, Monday, 28 August 2023, the Development Economics Study Program (DESP), Faculty of Economics and Business (FEB), Universitas Sebelas Maret (UNS), welcomed new students by hosting a Guest Lecturer inviting Assoc. Prof. Dr. Radij Firdaus Radin Badaruddin from Universiti Sains Malaysia. Additionally, the agenda invited Dr. Suryanto, SE, M.Sc., a Lecturer of the DESP FEB UNS as one of the invited speakers.

    The event held at the Suhardi Building Hall FEB discussed the Impact of Climate Change on Food Security and Economic Growth. Opened by the Head of the DESP FEB UNS, Dr. Bhimo Rizky Samudra, SE. M.Sc. Ph.D., the event was also attended by several lecturers of DESP FEB.

    Prof. Radij in his presentation said that climate change has been included in the SDGs, more specifically SDG13, because it is considered as the most significant obstacle to economic growth. This argument is supported by the multitude of evidence showing that climate change directly affects the social, economic, and human development growth in a country.

    Climate change itself is not a recent natural problem. However, the increase or acceleration of climate change began to occur in the mid-1970s.

    On the other hand, some human activities have been shown to have a role in increasing carbon dioxide (CO2) levels. Among many activities, the electricity and agricultural production sectors (including forestry and other land uses) contributed 25% and 24% respectively to the increase in CO2 levels in the world. This increase will bring many negative effects such as the melting of permafrost (eternal snow), rising sea levels, frequent droughts, and extreme weather, to threats to food production. Further, climate change mitigation can be applied through six steps, namely reduce, remove, regulate, put a price, use of government subsidies, and international cooperation.

    Meanwhile, Dr. Suryanto said Indonesia as an agrarian region was also certainly affected negatively by climate change. According to the records of KLH (2004), examples of climate change are the rise of air temperature and continuous rainfall over a long period of time between 50 to 100 years. The Intergovernmental Panel on Climate Change (IPCC) concluded that global air temperatures have increased 0.6 degrees Celsius (1 degree Fahrenheit) since 1861.

    “The increase in temperature from year to year is accelerating, although it may not be felt, but if it is not immediately anticipated, the temperature will get hotter. Maybe it is not you or us who receive the impact, but the next generation who will face a tremendous effect,” he said.

    Regarding food security, the problem is not only about food availability but also about accessibility and the choice of healthy food types. Impacts of Climate Change

    Broadly speaking, it is mentioned that food security or the impacts of climate change on food security are quite significant. This effect will be greater when our economic activities or economic growth remain using old concepts that are not environmentally friendly, while the environment has a limited capacity and carrying capacity.

    “Just like us, if we are disturbed once, we may withstand it, the second we can withstand it, the third time we can’t withstand it anymore and will get angry. A similar concept applies to the earth, the environment, and how can we be kind to the environment, thus creating a mutual relationship between the environment and humans. Meaning that we can carry out our economic activities, while the environment also maintained to supports our lives,” he explained.

    We do not need a highly advanced economy if its pursuant has to destroy the earth and make humans suffer. Instead, we need environmentally friendly economic growth, and a sustainable economy in the long run.