Perspectives on Sustainable Economic Growth

The World Commission on Environment and Development defines sustainable development simply as "development that meets the needs of the present without compromising the ability of future generations to meet theirs" [9]. From this definition, sustainable economic growth can be explained as sufficient economic growth for the present generation without harming the ability of future generations to attain their needs. The 1992 Rio Earth Summit provided a framework for moving towards sustainable development. The summit was rooted in the notion that efforts to protect the environment must consider eradication of poverty and the need for economic development while at the same time economic development programs should reflect consideration of long-term environmental impacts. The Rio framework reaffirmed the principles of sustainable development provided by the World Commission on Environment and Development [10]. The Earth Summit emphasized that the international economy should provide a supportive international climate for achieving environmental and development goals by promoting sustainable development through trade liberalization [10,11].

The World Bank [12] holds a complementary view on sustainable development [10]; it holds that environmental degradation, if extreme enough, can destroy societies, making whatever level of development previously achieved unsustainable. The World Bank emphasizes the need for control of population growth and the use of technology in developing countries to promote sustainable development [10,13].

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Negotiating Essentials

Negotiating Essentials

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