What is sustainable economic development?

“Sustainable Economic Development” concerns the balance of economic growth with social and environmental needs. In order to be sustainable, economic growth must not endanger resources or environmental factors for the future. Sustainable economic growth in the 21st century became a topic of considerable discussion, but many economic and environmental experts believe that there is a long way before economic growth stops, threatening social and environmental health.

It may be easy to think that society, the economy and the environment exist in their own discontinuation of functions and needs, but supporters of sustainable economic development insist that these three pillars of human existence are interdependent. The factory that spews toxic waste in air and water may pose a risk to global health and irreparable environmental damage. Similarly, if environmental stores of the source fully disappear, the industry may be decimated due to the lack of USABLE adds,thus depriving the public about the necessary goods. The principles of sustainable economic development focus on creating a balance between the needs of these three fears; Only if economic growth can be obtained without disproportionate damage to society or the environment can it be considered sustainable in the long run.

One of the biggest problems facing the support of sustainable economic development is the contradiction between the objectives of the environmentalists and the objectives of many economic groups such as businesses. The aim of the company is generally achieved as much as possible, to ensure its economic future and maintain its shareholders. Unfortunately, many alternative energy, alternative agriculture and sustainable resource technology are still not tested or ineffective for businesses. Although arguments in favor of the weight of sustainable economic development, that without air to breathe, water to drink and resources to afterUse, industry will not have any customers, this argument itself seems to be inadequate to change changes. Some economists suggest that sustainable growth will only occur when green technology becomes cheaper than traditional methods, and when consumers are heading to sustainability through social changes.

Another major problem that prevents the spread of sustainable economic development is the lack of environmental regulations in developing countries. Many developing nations desperately need economic stimuli, and therefore they are willing to enable large victims in terms of wages, work and environmental laws to bring a new industry. If a company based in the Western world can have goods produced for significantly less money, with fewer regulations and virtually no chance of violating environmental standards, there is only a small incentive to produce in a developed country.

Still, proponents sustainable development claims that those who do nThey epic sustainable procedures, destroy their own markets, as well as a fishing farm, which harvested all its fish for sale, would have no one for next year, which basically destroys its long -term survival. Unfortunately, the effects caused by unsustainable growth do not occur in a vacuum, which means that ecosystems, species and even human society as a whole may be damaged and endangered by unsustainable practices.