Transformative Economies: Spatial and Societal Perspectives

This book explores the rise of transformative economies―innovative systems and practices that redefine how we think about value, growth, and equity. Moving beyond traditional profit-driven models, transformative economies prioritize social justice, environmental sustainability, and fair wealth distribution.

At their core, these economies seek to replace endless growth and resource exploitation with well-being, community resilience, and ecological harmony. Rooted in principles of solidarity, inclusivity, and circularity, they challenge the foundations of conventional capitalism and strive to empower marginalized communities.

Through real-world examples like cooperative ownership, regenerative agriculture, and fair trade, this book reveals a growing global movement committed to ethical and sustainable development―for the benefit of both people and the planet. It will appeal to scholars in regional and spatial science, urban and regional economics, and human geography.

Amitrajeet A. Batabyal is Distinguished Professor and Arthur J. Gosnell Professor of economics at the Rochester Institute of Technology. He also serves as Head of the sustainability department, where he leads initiatives to integrate sustainable practices into economic frameworks.

Karlen Khachatryan is Dean of the Faculty of Economics and Management at Yerevan State University in Armenia. He oversees academic programs and research activities, fostering a dynamic environment for economic and managerial studies.

Karima Kourtit is Prominent Researcher at the Open University of the Netherlands, where she leads the 'Smart Cities & Data Analytics' program. Her research spans urban development, creative industries, cultural heritage, digital technology, and strategic performance. She collaborates with international organizations such as the World Bank, OECD, and Urban Europe. Kourtit also serves as Executive Director of TRSA.

Peter Nijkamp is Emeritus Professor at VU University, Amsterdam, and Leading Authority in regional and urban economics. His research encompasses spatial mobility, urban modeling, sustainability, and tourism. Nijkamp has authored numerous influential works, served on various advisory boards, and was awarded the prestigious Spinoza Prize in 1996. He is currently Vice President of TRSA and is affiliated with Rijeka University in Croatia.