Sustainable Development: Linking economy and environment In the Era of Globalization

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Abstract: Our current economic models needs to allow us to achieve the multiple goals the international community has set, Nearly twenty seven years after Rio, we have come to realize that a more sophisticated development model who linking economy and environment and a more evolved economic model are needed if we are collectively to enjoy the fruits of globalization effects. Environment and development, global trends in relation to environment and socio-economic development, the challenges society faces today and provides signposts towards sustainable development... Major causes of environmental problems are population growth, wasteful and unsustainable resource use, poverty, exclusion of environmental costs of resource use from the market prices of goods and services, and attempts to manage nature with insufficient knowledge. The beginning, the phenomenon of globalization has captured world attention in various ways in development. The tremendous change in the countries caused erosion of environmental quality to a large extent. Hence the concept of sustainable development has gained importance since Rio Declaration. The ultimate goal is an environmentally sustainable society—one that meets the current and future basic resource needs of its people in a just and equitable manner without compromising the ability of future generations to meet their basic needs. This paper focuses on how Sustainable Development linking economy and environment in the era of Globalization, and the need for sustainable environment with the economic growth.

Keywords: Sustainable Development; Economic Development (search for similar items in EconPapers)
JEL-codes: O11 O44 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-env, nep-gen and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:215793

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