{"id":9499,"date":"2015-06-04T07:30:58","date_gmt":"2015-06-04T14:30:58","guid":{"rendered":"http:\/\/ietransfer.wpengine.com\/?p=9499"},"modified":"2017-06-30T11:05:57","modified_gmt":"2017-06-30T18:05:57","slug":"sustainable-development-what-it-really-means","status":"publish","type":"post","link":"https:\/\/inspiredeconomist.com\/articles\/sustainable-development-what-it-really-means\/","title":{"rendered":"Sustainable Development – What It Really Means"},"content":{"rendered":"

\"Sustainable<\/a><\/p>\n

Sustainable development is a holistic approach to decision-making and considers not only the economics of an action but also the social and environmental effects. It can sometimes be misconstrued as just environmental sustainability but it seeks to balance these three pillars. To ensure present and future needs are met, sustainable development emphasises the consideration of a decision\u2019s impact across geographical regions and throughout time. While the theory of sustainable development was well-received when it was first proposed many years ago, the challenge<\/a> has proven to be the implementation with many competing interests and viewpoints across the globe.<\/p>\n

2015<\/a> is expected to be a big year for sustainable development and we plan to further<\/a> explore this area moving forward. The following article provides a point of reference of the theory of sustainable development as we analyze real-world implementations in the weeks to come.<\/p>\n

Adopted Definition of Sustainable Development<\/strong><\/h3>\n

The definition often cited by stakeholders<\/a> defines sustainable development as:<\/p>\n

\u201cdevelopment that meets the needs of the present without compromising the ability of future generations to meet their own needs.\u201d<\/em><\/p>\n

Concepts<\/strong><\/h3>\n

Within that definition, there are two components that the International Institute for Sustainable Development<\/em> elaborates<\/a> on:<\/p>\n