Sustainable Development and economical growth


Sustainable development means the development that fulfills the requirements of present generation without compromising the resources for future generations. The desired result is the attainment of such conditions where resources are used to meet needs without declining the stability of natural system. It focuses more on economic development, social development and environmental protection for future generations. The economic development brought by such principles in an economy is called Managed Sustainable Development (MSD).
Sustainable development contains two key points :
a) The priority of fulfilling the essential needs of poor people of the world.
b) Idea of limitations on resources for the benefit of future generations.
The concept of sustainable development has always been subjected to criticism. It has been argued that there is no such thing as sustainable use of renewable resources since it will lead the exhaustion of finite Earth’s resources.
Sustainable development can be divided into three pillars i.e. environment, economy and society. These three pillars were introduced by economists Rene Passat in 1979.
The advantages of sustainable development are less environmental impact, saving world from major crisis and guarantee of better future. The disadvantages are constant uncertainty, higher cost, unemployment in some areas and fragile commitment.
Some examples of sustainable development are sustainable food projects, housing, ecological transport project, technology and health project.
The UN established a series of objectives to end poverty globally. These objectives are to eliminate poverty and hunger, guarantee a healthy life, and promote quality education and decent job, access to better services, gender equality and affordable energy.
The goal of sustainable development is to encourage sustained economy growth by achieving higher level of productivity through innovations. Sustainable development is necessary as it maintains the environment. Sustainable development’s purpose is the welfare of people. It is the responsibility of present generation’s to maintain and improve the resources for future generations.
In 1992 UN conference of Environment and Development published the Earth Charter which indicates that the sustainable peaceful society can be built in 21st century.
Hazard is the one of the main barriers of achieving sustainable development. It is the product of interaction of society and nature. The main challenges to sustainable development are poverty, unemployment, climate change, conflict, justice and strong governance.
It is required by the developed countries to come forward for sustainable consumption and production patterns, promoting the sustainable management of natural resources.
In national and international debates on Sustainable Development Goals (SDG’s) the Interest and livelihood of poor which largely depends on the access to common resources such as forests, water and grazing lands. These resources should not fall a prey to pollution or any other hazard.
A framework would be helpful for all the countries to follow and by including their policies. There is no excuse to say that it is difficult to measure the sustainability and human development.
It seems to be a divergence of views between the rich and under developing countries over the matter that the rich countries want universal standard of evaluation. It is rather difficult to say that when will this World achieve a healthy and sustainable development.

Leave A Reply