On the Determinants of Sustainable Development

Economia, Impresa e Mercati Finanziari, Vol. 1, 2005

Posted: 10 Jul 2006

See all articles by Lorenzo Carbonari

Lorenzo Carbonari

University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS)

Abstract

Sustainable Development involves the integration of social, environmental and economic objectives. Indeed when we refer to the sustainability of economic development, it should be well known that this is strictly related to environmental consequences, social and cultural changes and financial sustainability of the policies implemented for promoting growth. Unfortunately, the evidence of these years suggests that the standard measures of development have little relation with human welfare and that this strong pressure on economic growth is destroying the natural environment. Therefore, expressions like "sustainable development" (and especially "sustainable economic growth") could seem just as an oxymoron. Moreover the vulnerability of the financial system can be interpreted as a crucial issue in a globalised market. The aim of this non - technical paper is investigating the determinants of Sustainable Development capturing the various dimensions of this phenomenon from the described standpoints.

Keywords: Sustainable Development, Social Capital, Globalisation, Financial vulnerability, Economic Growth

JEL Classification: Q01, Z13, F0, O16, O40

Suggested Citation

Carbonari, Lorenzo, On the Determinants of Sustainable Development. Economia, Impresa e Mercati Finanziari, Vol. 1, 2005, Available at SSRN: https://ssrn.com/abstract=912629

Lorenzo Carbonari (Contact Author)

University of Rome Tor Vergata - Centre for International Studies on Economic Growth (CEIS) ( email )

Via Columbia, 2
Rome, I-00133
Italy

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