The Meaning of Economic Development
Sustainable development is a recent addition to the lexicon of terms used in understanding the problems of economic development and growth. The term has attained the status of a buzzword, with everyone using it, often without a clear understanding of its implications. One hears about sustainable growth, sustainable business, sustainable consumption and production, and of course, sustainable development. There are a number of different views on the matter and the term is fraught with imprecisions, complexities, and ethical ambiguities (Pezzey and Toman 2002). The alternative origins of the meaning of sustainable development come from religious texts; modern scientific knowledge, such as atmospheric ...
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