Economics(Paper-4) - Shivaji University

developing states through the programme of Action for Sustainable
Development of small Island Developing states.
15) Deal Comprehensively with the debt problems of developing Countries through
national and international measures.
16) Develop and implement strategies for decent and productive work for youth
in co-operation with developing Countries.
17) Provide access to afford able essential drugs in developing countries in cooperation
with pharmaceutical companies.
18) Make available the benefits of new technologies, especially information and
communications technologies, in co-operation with the private sector.
1.2.4. Sustainable Development : Meaning and Indicators :
The concept of sustainable development is of recent origin. The term “
Sustainable development” was first used by the world conservation strategy presented
by the International union for the conservation of Nature and Natural Resources In 1980.
It was commonly used and defined for the first time by the Brundtland Report. Entitled
our common future of the world commission on Environment and Development in
1987.
B Meaning/definitions :
1) According to Brundtland Report, Sustainable development means meeting
the needs of the present generation without compromising with the needs of
the future generation.
2) Sustainable development is a process in which natural resource base is not
allowed to deteriorate. It emphasizes the hither to unappreciated role of
environmental quality and environmental inputs in the process of rising real
income and quality of life- Pearce and warford.
The sustainable development referees to development which should keep
going. It is creation of sustainable improvement in the quality of life of all people through
increase in real income per capital, improvement in education, health and General
quality of life and improvements in quality of natural environmental resources. In other
words it is a situation in which economic development does not decrease over time. It
can be modified as a path of development in which options of future generation are not
compromised by the path taken by the present generation. Sustainable development is
development that is everlasting. It contributes to the quality of life through improvements
in natural environments. In turn if supply utility to individual inputes to the process of
economic and service that support human life.
There is no universally acceptable indicator of sustainability. In view of this,
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