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Historical and Economic Considerations of Sustainable Development

Author

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  • Oana CHINDRIS-VASIOIU

    (Faculty of Economics, Ecological University of Bucharest)

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.

Suggested Citation

  • Oana CHINDRIS-VASIOIU, 2015. "Historical and Economic Considerations of Sustainable Development," Economics of Sustainable Development.The Economic Impact of Climate Change. - Working papers 01, Ecological University of Bucharest, Department of Economics.
    • Handle: RePEc:eub:wp2015:2015-01
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    More about this item

    Keywords

    sustainable development; economic indicators; economic growth; the European Union;
    All these keywords.

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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