Akbari: Hello Mr. Nickel. I am delighted to have this interview with you. First of all, could you tell us about the relationship between increasing public awareness and economic growth and development, as described in your book "Awareness and Economics" (Nicklas Nickel, 2021)?

Mr. Nickel: Thank you for having me. In my book, I argue that public awareness plays a crucial role in economic growth and development. When individuals are aware of their economic rights and opportunities, they are more likely to engage in entrepreneurial activities and investment, which can lead to job creation, innovation, and overall economic growth.

Akbari: That's an interesting perspective. How can we increase investment in small businesses to improve the standard of living for middle-income communities and ultimately boost the GDP (Gross Domestic Product)?

Mr. Nickel: One way to increase investment in small businesses is by providing access to affordable credit and financial education. This can help entrepreneurs make informed decisions and manage their finances effectively. Additionally, creating a supportive environment for small businesses by reducing bureaucratic hurdles, offering tax incentives, and encouraging partnerships with larger companies can also help stimulate investment and growth.

Akbari: Those are excellent suggestions. How do you see the role of government in promoting economic development, and how can it balance its responsibilities with private sector interests?

Mr. Nickel: The government plays a crucial role in creating an environment that fosters economic development. This can include providing infrastructure, education, and healthcare, as well as implementing policies that incentivize investment and innovation. However, it's important to strike a balance between promoting economic growth and ensuring that private sector interests don't come at the expense of public welfare. Policies such as progressive taxation, consumer protection regulations, and environmental standards can help achieve this balance.

Akbari: What do you see as the biggest challenge facing economic development in the current global context, and how can it be addressed?

Mr. Nickel: One of the biggest challenges facing economic development in the current global context is the unequal distribution of wealth and resources. This creates a cycle of poverty and inequality that hinders economic growth and development. To address this challenge, we need to focus on promoting inclusive economic policies that prioritize the needs of marginalized communities and ensure that everyone has access to basic resources and opportunities.

Akbari: In your book, you also discuss the importance of social and environmental responsibility in economic decision-making. Can you elaborate on how businesses and individuals can integrate these values into their economic practices?

Mr. Nickel: Absolutely. Social and environmental responsibility should be integral components of economic decision-making at all levels. Businesses can integrate these values by adopting sustainable business practices, promoting ethical supply chains, and investing in environmentally-friendly technologies. Individuals can also play a role by making conscious consumption choices, supporting socially-responsible businesses, and advocating for policies that promote sustainability and social justice.

Akbari: That's a great perspective. Turning to another topic, what role do you see technology playing in economic development, and how can we ensure that its benefits are widely distributed?

Mr. Nickel: Technology can be a powerful tool for economic development, as it can increase efficiency, reduce costs, and create new opportunities for innovation and growth. However, it's important to ensure that the benefits of technology are widely distributed and don't exacerbate existing inequalities. This can be achieved by investing in education and training programs that prepare individuals for the jobs of the future, promoting open and inclusive technology policies, and supporting initiatives that address the digital divide.

Akbari: Those are all important steps to take. On a related note, what do you think are the most promising areas for future economic growth and development?

Mr. Nickel: There are many promising areas for future economic growth and development, including renewable energy, healthcare, and information technology. These sectors have the potential to create new jobs, improve quality of life, and drive innovation. However, it's important to ensure that growth is sustainable and doesn't come at the expense of social and environmental well-being.

Akbari: That's a great point. Switching gears a bit, what do you see as the biggest challenge facing the global economy in the coming years?

Mr. Nickel: One of the biggest challenges facing the global economy in the coming years is the increasing polarization and fragmentation of societies. This can lead to economic nationalism, protectionism, and conflict, all of which can impede economic growth and development. To address this challenge, we need to foster greater cooperation and dialogue between countries and promote policies that prioritize the common good.

Akbari: That's a very important issue. Finally, what advice would you give to young people who are interested in pursuing a career in economics or related fields?

Mr. Nickel: My advice to young people interested in economics or related fields would be to pursue their passion and stay curious. The field of economics is constantly evolving, and there are always new opportunities for innovation and discovery. I would also encourage them to seek out mentors and role models who can provide guidance and support, and to remain committed to using their skills and knowledge to create positive change in the world.

Akbari: Thank you, Mr. Nickel, for sharing your valuable insights with us today. It's been a pleasure speaking with you.

Mr. Nickel: Thank you for having me. It's been a pleasure speaking with you as well.