Economic development should be sustainable from "summary" of 23 Things They Don't Tell You About Capitalism by Ha-Joon Chang
Sustainable economic development is not just a trendy catchphrase or a passing fad. It is a crucial concept that we must take seriously if we want to ensure the long-term well-being of our societies. This means that we cannot simply focus on short-term gains at the expense of long-term sustainability. One of the key aspects of sustainable economic development is environmental sustainability. We cannot continue to exploit natural resources at an unsustainable rate without facing serious consequences. Climate change, deforestation, pollution - these are all symptoms of an economic system that prioritizes growth at all costs, without considering the impact on the environment. But sustainable economic development is not just about the environment. It also involves social and economic sustainability. We must ensure that economic growth benefits everyone in society, not just a select few. This means reducing income inequality, providing access to education and healthcare, and creating opportunities for all members of society to thrive. In order to achieve sustainable economic development, we must rethink our current economic models. We cannot continue to rely on endless growth and consumption to drive our economies. We must prioritize quality of life over quantity of goods, and focus on long-term stability rather than short-term profits.- Sustainable economic development is about creating a future that we can be proud to pass on to future generations. It is about recognizing that our actions today have consequences for tomorrow, and taking responsibility for ensuring that those consequences are positive, not negative. By embracing the concept of sustainable economic development, we can build a better world for ourselves and for those who come after us.
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