The intersection of governmental policies and corporate strategies: Population aging and the Silver Economy

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Abstract

This study examines the strategies adopted by Eurozone countries to enhance their performance in achieving the Sustainable Development Goals (SDGs) while addressing the challenges of population aging. The findings identify Ireland as the top-performing country by 2030 and Latvia as the fastest-growing, both adopting an integrated approach that leverages the interconnections between SDGs. These insights contribute to the understanding of policy design aligned with the 2030 Agenda for Sustainable Development, emphasizing the critical role of businesses in supporting sustainable population aging. By integrating corporate strategies with governmental policies, companies can drive innovation in the Silver Economy (SE), create age-inclusive products and services, and strengthen their social responsibility efforts. The study provides actionable recommendations for governments and businesses to collaboratively develop strategies that promote economic growth, social inclusion, and long-term sustainability.

Keywords: Silver Economy, Active Aging, Inclusion

Authors’ individual contribution: Conceptualization — E.D. and F.V.; Methodology — R.S.; Formal Analysis — E.D. and R.S.; Writing — E.D., R.S., and F.V.; Resources — F.V.; Supervision — M.G.; Writing — Review & Editing — M.G.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: A13, E61, H75, L16, M14, M19, M20, M48, Q01

Received: 13.09.2024
Accepted: 23.12.2024
Published online: 25.12.2024

How to cite this paper: Galeotti, M., D’Andrassi, E., Savio, R., & Ventimiglia, F. (2024). The intersection of governmental policies and corporate strategies: Population aging and the Silver Economy. Corporate Ownership & Control, 21(4), 117–128. https://doi.org/10.22495/cocv21i4art10