The relationship between sustainable development, economic growth, and poverty has been a subject of global discussion for decades. This comprehensive study delves into the complexities of these intertwined topics, examining how economic growth models have struggled to address poverty while balancing environmental sustainability and social welfare.
Sustainable development, as discussed in the 1992 Earth Summit and subsequent international frameworks, aims to balance economic growth, environmental care, and social equity. However, traditional economic models often prioritize resource exploitation and wealth accumulation, inadvertently contributing to poverty. This study highlights the need for robust social solidarity economies that focus on eradicating poverty while maintaining ecological balance.
The review also explores key historical moments, such as the Brundtland Report and Agenda 21, which introduced sustainability into global development discussions. By analyzing data and theoretical frameworks, the research critiques the limitations of current models and emphasizes the importance of local participation in sustainable development strategies.
One critical takeaway from the study is the duality of paths in economic development—toward wealth or poverty. It underscores that sustainable development must evolve beyond economic growth to include equitable distribution of resources and community-driven approaches.
While progress has been made, such as reducing the number of people living in extreme poverty, challenges remain. Poverty manifests in various forms, including lack of access to education, healthcare, and basic resources. Addressing these requires integrating sustainable practices with inclusive economic policies.
This research invites policymakers, academics, and civil society to rethink development models and adopt frameworks that prioritize human and environmental well-being over mere economic metrics.
Full Text: https://www.igminresearch.com/articles/html/igmin224
PDF Link: igmin.link/p224
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