Journal of Global Economics

Local government implicit debt poses a significant financial risk, and its contagion potential can have far-reaching implications. This paper employs a complex network analysis framework to examine how implicit debt risk propagates through local governments. Moreover, it explores the importance of multi-subject coordination in managing and mitigating these risks. Through empirical data and network modeling, this study unveils the interconnectedness of local governments' implicit debt and suggests strategies for effective risk management.

As the world grapples with the urgent need to transition to renewable energy sources, hydropower stands as a stalwart contributor to a sustainable future. This article explores the pivotal role that hydropower plays in a renewable energy-powered world. From its history and environmental impacts to modern advancements and future prospects, we delve into the multifaceted nature of hydropower. This energy source not only generates clean electricity but also offers a range of ancillary benefits, making it a crucial component of the renewable energy mix.

As the world grapples with the urgent need to mitigate the impacts of climate change, green finance and investment have emerged as critical drivers of the low-carbon transition. This article delves into the intricacies of green finance and its role in supporting investments that contribute to a sustainable, low-carbon future. With a focus on both the financial and environmental aspects, we explore key concepts, challenges, and opportunities associated with green finance and investment. This comprehensive discussion aims to provide insights into how these mechanisms can play a pivotal role in addressing the global climate crisis. Governments and regulatory bodies are increasingly supportive of green finance. Incentives, subsidies, and favorable policies are encouraging more investments in sustainable initiatives.

This paper explores the intricate relationship between sanctions and developing countries, focusing on their economic, political and humanitarian impacts. Sanctions, often employed as diplomatic tools, can significantly affect the economies, politics and well-being of vulnerable populations in developing nations. Trade restrictions and financial penalties can hinder economic growth, while political consequences may lead to regime entrenchment or instability. Most concerning are the humanitarian effects, including restricted access to healthcare and food security. Developing countries employ various strategies to mitigate these impacts, emphasizing the need for a nuanced and balanced approach to sanctions to prevent unintended harm to the most vulnerable.