ECONOMIC GLOBALIZATION VERSUS SUSTAINABLE DEVELOPMENT

Alexandru Gribincea and Alexandru Gribincea
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Alexandru Gribincea: Free International University of Moldova, Republic of Moldova
Alexandru Gribincea: Universidad de Cadiz, Spain

Contemporary Economy Journal, 2019, vol. 4, issue 2, 112-119

Abstract: The obvious achievements in the development of the world economy were accompanied by the increased concern of politicians, businessmen, scientists and elites, fear of risks of further prospects for the development of destructive processes in national economies, industries and entities. The pursuit of profit forces resource users to save on costs in the performance of two fundamentally important economic functions related to nature: the extraction of resources, which leads to its excessive destruction, and the disposal of waste of the production cycle, which leads to pollution. At the same time, the effect of these functions leads to a further decrease in the ecological capacity of the planet. Globalization has shown that the idea of a high degree of environmental development of the West is a myth that allows a certain country to solve environmental problems safely only on its territory. "Prosperous countries" solve the problems of their "dirty economy" at the expense of the periphery of developing countries. Polluting enterprises of fuel and energy, agriculture, forestry, fisheries, industrial, energy and other sectors of the economy were brought to the periphery of the world market economy. Therefore, the scale of global problems, from which it is impossible to hide behind national borders, is increasing.

Keywords: economic globalization; innovations; sustainable development; global issues (search for similar items in EconPapers)
JEL-codes: F02 O3 Q01 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:brc:brccej:v:4:y:2019:i:2:p:112-119

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