Towards Sustainable Development Through Social Risk Management

Annals - Economy Series, 2010, vol. 4.II, 121-134

Abstract: Current incontestable realities such as climate change, deepening and widening globalization, demographic ageing, socio-cultural transformations, limited progress in tightening inequalities of income and welfare at the local as well as global scale, become springs of some of the most severe threats and challenges to the goal and process of sustainable development. They prove to be sources of new and old risks (environmental, economic, socio-political or life-cycle) for developing and developed societies alike. Natural or manmade, the risks, and harsh realities, that many people have to face may narrow down the present, as well as future generations’ capacity and opportunity for sound development. The literature of the last two decades has increasingly acknowledged the tight interrelationships and inter-dependence between environmental sustainability, economic growth and societal wellbeing and development, which asks for an integrated and systemic approach to the policies governing sustainable development and its dimensions. The present paper advocates that, given the multiplication and higher imminence of social risks, the need for systemic intersectoral political approach and the imperative for moving beyond the curative role for social policy towards designing preventive, ex-ante social strategies, social risk management as concept, principle and means becomes instrumental to the progress towards sustainable development.

Keywords: sustainable development; social risk management; social sustainability (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2010:v:4.ii:p:121-134

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