What is meant by “environmentally sustainable economic development”? Are there serious economic costs for pursuing sustainable development as opposed to simple output growth, and how is the responsibility for global environmental damage being borne by different countries?
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In the broadest sense, sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their needs. Such a definition provides a useful intellectual framework for addressing issues of sustainability.
Positive social results include poverty reduction, improved equity and respect for core labour standards. From an economic perspective, SPP can generate income, reduce costs, support the transfer of skills and technology and promote innovation by domestic producers.
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