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Progress And Sustainable Development

Author

Listed:
  • VIOREL POP

    (WESTERN „VASILE GOLDIŞ” UNIVERSITY OF ARAD)

Abstract

The progressive nature of scientific research is probably the most impressive example that can be given for the term "progress". With a much larger opening, going to social, we can say that there is the belief by which subsequent ages are improvements of the previous ones. From a strictly logical point of view of progress, it can be both good and bad. But usually when we talk about the progress of civilization, human nature, we refer to good progress: increasing knowledge in all areas, increasing political freedoms, technological development and economic prosperity - towards the general welfare achievement. Innovation creates a process of creative destruction. It results that any technical progress passes through the disappearance of old processes and replacing them with new ones. The new capacity must be built, a process that takes time and especially the preliminary phase of the new technology entering in production is not exempt from difficulties. Recognizing this essential aspect of technological evolution requires another representation of the technical progress and also of the production.

Suggested Citation

  • Viorel Pop, 2012. "Progress And Sustainable Development," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 272-279, November.
  • Handle: RePEc:tdt:annals:v:xviii/supplement:y:2012:p:272-279
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    More about this item

    Keywords

    progress; research and development; creative destruction; competition; sustainable development;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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