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Historical and Economic Considerations of Sustainable Development

Oana Chindris-Vasioiu

No 1, Economics of Sustainable Development.The Economic Impact of Climate Change. - Working papers from Ecological University of Bucharest, Department of Economics

Abstract: The concept of sustainable development starts from the premise that the human civilization is a subsystem of the Ecosphere, dependent on raw material and energy flows within it and the capacity for self-regulation, and maintaining the Ecosphere of stability. At the same time the concept believes that human civilization in turn has a significant impact on the ecosphere. In the early 1970s, the Club of Rome published a report entitled "limits of growth", in which it claimed that Terra has a limited capacity to meet the increasing demand for natural resources to socio-economic system and to alleviate the destructive effects of the use of these resources. This paper tries to define sustainable development in economic terms taking into account the historical evolution of the concept and, at the same time, to highlight its importance in the context of economic growth.

Keywords: sustainable development; economic indicators; economic growth; the European Union (search for similar items in EconPapers)
JEL-codes: Q41 Q51 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2015-11
New Economics Papers: this item is included in nep-env, nep-ger and nep-his
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Published in Economics of Sustainable Development - Economics of Sustainable Development.The Economic Impact of Climate Change., ISBN: 978-606-652-100-0, June 2016, pages 6-13

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