Economic Development or Sustainable Development?by | 17-08-2016 16:37 |
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![]() Does economy economic development rhythms with sustainable development? Economic Development is the process and policies by which a nation improves the economic, political, and social well-being of its people. The four essential elements of Economic development are Sound Economic Institutions, Better Ways of Doing Things, trade and investments.
But Sustainable Development is a process for meeting human development goals while sustaining the ability of natural systems to continue to provide the natural resources and ecosystem services upon which the economy and society depends. We imagine the combination of trade, investments, Sound Economic Institutions and Better Ways of Doing Things should definitely lead to a Sustainable Development status. But contradictory the most economically developed countries are the one of the most polluting countries in the world. Actually we have signed the Paris Agreements and all the countries have decided to sustain our world, in other words the world unites in Paris to fight climate change. All the countries have understood that the most important is not Economic Development but sustainability oriented Economic Development simply because a development without sustainability is just the sacrifice of our world for capitalism.
We all hope the Paris agreements will be implement so that our future generation do not inherit a world poor in oxygen and rich in smart-phones. That will be sad. |