Relationship between economic growth and sustainable development Essay

especially China and India will increasingly shape and dominate the global economy. Although many scholars hare the idea that Asian Giants will continue to grow at high growth rate, like Justin (2016) and Pradeep (2015), let alone similar claim from World Bank, Pritchett and Summers do not agree with Asiaphoria and claim that growth rate of the Asian Giants’ GDP will decrease. To start with, Pritchett and Summers argued that when predicting past performance should not be used to predict the…

linkage between the city and the state. Even if the state is seen as “cogs in growth machines”, Evans (2002), finds that seeking possibilities of a “state-society synergy” and identifying it would allow for a better understanding of livability. Additionally, this would open up a strategy for creating more sustainable cities, by finding such factors of livability, making it possible for these characteristics being passed on to other cities. This might take place by strengthening the bond between…

voluntary social and environmental efforts that transcends legal and ethical regulations (Davis, 1973; Piacentini; MacFadyen, & Eadie; McWilliams & Siegel, 2001). The World Business Council on Sustainable Development (hereafter WBCSD) an internationally recognized organization for research on business development and environmental management, defines CSR as the commitment of business to contribute…

Tourism has been developed with the development of humanity. According to an article, “The History of Tourism: Structures on the Path to Modernity” by Ueli Gyr in 2010, the purpose of the beginning of tourism was education. The noble sent their children to another country to educate them. While staying the country, they experienced and enjoyed foreign culture and place. During the Enlightenment, educated people went abroad to enlarge their knowledge (Gyr, 2010). In the late 20 century, the…

extended period without appropriate development policies and strategies took the major share. Previous policies did not address the major structural constraints of the economy and in fact there even were all too many cases policies were detrimental to economic development introducing imbalances that tended to impede rather than promote economic wellbeing. Clearly, in the absence of proactive and well thought-out policies, it is not possible to attain accelerated development or to improve the…

Economic development, if not bizarre, is a buzz word with many connotations. In the history of human civilization it refers to a process of change implying progressiveness of a society. Contemporary development economists, development practitioners and policy makers and development institutions view development through a broad framework. It has long been understood that economic development is about much more than rising incomes (Besley & Persson, 2011). Precisely the broader objectives of…

order is obviously a necessary condition for economic activity. According to Eberts (2002) , the essential question is whether, at the margin, an additional investment infrastructure contributes to economic growth. To policy makers, this Growth has several possible outcomes, including employment growth and income, improving the quality of life, environmental protection, or even, the sustainable development. This multidimensional approach to development Economic analysis requires infrastructure…

the modern phase of capitalism. Logics of growth, the modern obsession with increasing corporate wealth gain, has created a world system of predatory foundations. The few can concentrate wealth more effectively than ever before in capitalist history, and the lower social standings bear the largest burden. Complexity and brutality go hand in hand to enable greater extraction and accumulation, and individuals who do not “fit” or challenge the logics of growth suffer expulsion. Accountability is…

As the aforesaid, the current development approach failed to solve human suffering or poverty, as well as fulfill commitment of improving people life (Eversole, Mcneish, & Cimadamore, 2005), and indigenous knowledge-based development approach seems to provide more fruitful in a sustainable ways. Sustainable development in Buddhist perspective in P. A. Payutto point of views is a “sustainable development must emphasize on human development as core” that consists of three aspects, such as…

Keynesianism on economic sustainable development Keynesians examine the relationship between money, unemployment and prices. The main idea is the fact that the amount of money that people were saving was more than which was being invested. Keynesians argue that this can happen when the interest rates on savings are high and people will want to make more money from their savings. However, this leads to rising rates of unemployment, because people do not want to spend much of what they earn from…