The Aruban Sustainable Economic Development: A Matter of Internationalism, Legislative Regulation, and Synergy With DALTRA N.V as Best Practice

Shedding a light on the importance of Aruba’s sustainable economic development, this research explores the possibility of achieving the intended outcome through the merging of circular economy, commodity trading, free zone, and quality employment as concepts. For this purpose, TBL is adopted as a guiding principle among the stakeholders. Since Aruba is a SIDS which includes having multiple vulnerabilities and limitations, it demands entrepreneurial and governmental responsibility and accountability in the process of sustainable development. In this research, DALTRA serves as a best practice case study in collaboration with RAAK- mkb research project, named; “De Zaak is Rond”. A total of nine key stakeholders were interviewed to provide a qualitative thematic analyzed micro to macro perspective. This is in connection to the main research question; how does circular economy, commodity trading, free zone, and quality employment, contribute to the sustainable economic development of Aruba with TBL as the central concept? Answering the question through literature, it is demonstrated that proper alignment of the concepts might uphold sustainable economic development through, regulation, diversification, innovation, international trade, and human capital investment. However, the findings indicate that the inability to formulate, implement, evaluate, and control regulating legislations by the government, creates inconsistent compliance among entrepreneurs. Consequently, this in ability and inconsistency hinders the progress and resilience of Aruba due to lack of finance, competence, professionalism, ethical and moral considerations.