Sustainable Economic Development: Green Economy and Green Growth. Analysing Economic Growth and Identifying Sensible Measures Addressing Socio and Environmental Concerns Whilst Promoting Green Growth

Author(s):  
Paul Saliba
2014 ◽  
Vol 17 (3) ◽  
pp. 6-13
Author(s):  
Luan Nguyen Van

The transition of the economic growth model towards a green and sustainableone is a process that requires a reasonable and efficient combination of growth factors. The Vietnam’s economic growth in the period of 2001-2013 created an impression of the economic growth in the economic transition period. The economic growth in the last decade has been mainly in breadth and relied on investment capital and labor expansions. The growth has also relied on natural resources which exacerbated the environmental pollution. This requires Vietnam to change the economic growth model towards a green and sustainable ones. Green growth and green economic development are towards a low-carbon economy, enriching natural resources, reducing emission and increasing greenhouse gases absorption which are an inevitable tendency in the socio-economic development. The green economy enhances the living quality, social equality and significantly reduces the environmental risks and ecological scarcity. This is a new economic model which has a low emission level, uses natural resources efficiently and towards a social equality.


The concept of green growth assumes centrality of socio-economic inclusiveness towards sustainable development in India. Inclusive green growth currently is a development strategy, which included both economic growth in addition to sustainable development. In India, for instance, growth in addition to development is said to have always existed a part of the planning process.The study makes a descriptive analysis based on the available data. It highlights the present status of India exists comparisons with other emerging countries. While acknowledging the importance of development strategies to adopt the principles of green economy in tune with stage of economic development, the study points out the critical gaps in addition to problems faced by India just as well as their possible solutions.


2021 ◽  
Vol 169 ◽  
pp. 120758
Author(s):  
Rudra P. Pradhan ◽  
Mak B. Arvin ◽  
Mahendhiran S. Nair ◽  
John H. Hall ◽  
Sara E. Bennett

Author(s):  
José G. Vargas-Hernández

This chapter aims to analyze a strategic transformational transition of green economy, green growth, and sustainable development from the institutional perspective. The analysis begins questioning the implications of the concepts and principles of green economy, green growth, and sustainable development from different perspectives in the transformational transition considering the investment, trade, and capacity building though the design and implementation of strategies and policies as well as measures from an institutional analysis. The methodology followed was the analytical review of the literature to derive inferences, challenges, proposals, and conclusions. It is concluded that the green economy concept addresses current challenges delivering economic development opportunities and multiple benefits for the welfare of all human beings.


Author(s):  
Thea Van der Westhuizen

A possible way to increase responsible and sustainable economic development is to enhance collective innovation and entrepreneurship on various systemic levels in order to gain socio-economic developmental momentum. In an era which faces socio-economic changes on multiple systemic levels, especially within the mundosystem, collective and creative approaches towards systemic activities are necessary, not only to drive businesses forward, but to give momentum to global economies. In this chapter, the author philosophizes about entrepreneurship, systems theory and socio-economic momentum and how these play an important role to give momentum to responsible and sustainable economic growth.


2019 ◽  
Vol 11 (8) ◽  
pp. 2389 ◽  
Author(s):  
Wang ◽  
Le

Foreign direct investment (FDI) and corporate social responsibility (CSR) spending are one of the major factors in improving sustainable economic development of a country. Therefore, this study focuses on the multi criteria application of FDI and sustainability factors (CSR spending) in various developing countries to explore its impact and decision making for sustainable economic growth. The study uses a case study methodology whereby FDI, exchange rate, and CSR expenditure data from 20 countries were used to assess the efficiency in sustainable economic growth. Data were collected from the World Bank for 20 Asian and African developing countries during 2012–2017 and analyzed using GM (1,1), mean absolute percentage error (MAPE), Malmquist productivity index (MPI)-data envelopment analysis (DEA), and the slacks-based measure of efficiency (SBM) model. Correlation analysis is used to find the relationship for FDI, CSR, exchange rate, gross domestic product (GDP), and GDP per capita (GDPPC). The results of the Malmquist productivity index and the frontier effect clearly highlight that a few countries have witnessed a great improvement in terms of productivity and technological progression. Therefore, the decision makers must adopt the model of those countries with respect to sustainable development of the nation. This study helps developing nations as well as researchers to benchmark efficient countries and follow their strategies to develop a new one for utilizing FDI and CSR spending in sustainable economic development. The study also helps policy makers in multi criterion application of FDI and CSR for decision making in economic development.


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