Relationship between economic growth and sustainable development Essay

Sustainable development refers not only to meeting the needs of modern society but also to not compromising the opportunities of future generation to meet and sustain development needs. It can be summarized as the improvement of economic, ecological, and social factors. Sustainable development and environmental protection work hand in hand but are not the same. Environmental protection is an important aspect of sustainable development as it plays a major role in protecting the finite resources that are available to humanity. The core idea of sustainable development is growth; the ability to continue to grow without destroying or squandering the resources available. It is the delicate balance between progress and preservation as the idea is…

The concept of sustainable development has become ubiquitous in many aspects of modern society. Most multinational corporations release annual sustainability reports and the word “sustainable” is on stickered onto cereals, water bottles, and even cars. Despite its familiarity, there is little consensus on the term’s true meaning. It means different things to different people at different times, consistently evolving as pertinent to environmental governance at the time, growing from a concept…

The concept of Sustainable development explores the relationship among economic development, environmental quality, and social equity (Rogers, Jalal & Boyd, 2005). The terms of Sustainable development has been evolving since 1972, when the first international community determined the correlation between quality of life and environmental quality at the “United Nations Conference on the Human Environment” in Stockholm. Gladwin et al. (1995) had stated that it was hardly possible to require a…

the while, their actions and thoughts are anything but sustainable. The general population is still trying to figure out this word, sustainability. Does it mean ‘eco-friendly’? Does it mean ‘more expensive’? What is this expensive, ‘hippie ideology’ and what does it have to do with development? The term ‘sustainable development’ was coined a couple decades ago famously by the Brundtland Commission. They defined sustainable development by marrying together the three areas of environment,…

than men from the progress in economic and social development in the last three decades. Nevertheless they continue to be overrepresented among the world’s most vulnerable groups, as access to resources and power remains highly skewed towards men. Women empowerment is a goal in its own right but also a key factor for sustainable economic growth, social development and environmental sustainability. Gender equality and women's empowerment are human rights that lie at the heart of development and…

Globalization means the process whereby geographical distance becomes a less important factor in the establishment and development of cross-border economic, political and socio-cultural relations. Networks of relationships and dependencies acquire a growing potential to become international and world-wide. Initially globalization was seen as a widening, deepening and accelerating of the interconnection on a worldwide scale of all aspects of contemporary social life, from culture to criminality,…

augmented Solow human-capital-growth model. The theory was chosen due to its existence as an advancement on the traditional Solow growth model. Robert Solow’s initial growth model failed to categorically identify human capital. For that reason, the augmented Solow model was proposed by Mankiw, Romer and Weil in a Publication titled “A Contribution to the Empirics of Economic Growth” 1992. The rationale behind the inclusion of human capital in the model is based on the heterogeneity of labour in…

human use of resources, and the disposal of by-products and wastes.42 On the other side traditional economic theory assumes no scale limits to the economy. The environment is considered to be part of the larger economic system. Environmental and resource economics are subsets of economics. Agriculture, forests, fisheries, and ecosystem services are viewed only as subsets of the larger economy.43 Eventually, it can be said the term ecology has a mutual interrelationship with the term economy, as…

There is a relationship between development and poverty, and the degradation and exploitation of the environment and natural resources (Suchak) e.g. in Haiti their poverty is directly linked to deforestation and habitat loss. (Blajchman).Thus affecting the tourist’s evaluation of the Caribbean. C. There is a need for policy intervention to concentrate and advocate for environmental protection. II. Damage to the environment is an inevitable consequence of economic development. A. “……

Sustainable development, being defined as “ development that meets the needs of the present without compromising the ability of future generations to meet their own needs’ (Brundtland,1987:43) is being increasingly recognised by the global society. One of this can be seen from the fact that sustainable development was included in the Millennium Development Goals(MDGs) of the United Nations as one of the explicit goals (MDG7) among the eight goals. This can show that the national government…