Sustainable development is a longterm goal from "summary" of Economic Development by Michael P. Todaro,Stephen C. Smith
Sustainable development is a complex and multifaceted concept that requires a long-term perspective to achieve its goals. It involves balancing economic growth, social progress, and environmental protection in a way that meets the needs of the present without compromising the ability of future generations to meet their own needs. In order to achieve sustainable development, it is essential to take into account the interconnectedness of economic, social, and environmental factors. This requires a holistic approach that considers the long-term implications of policy decisions and promotes integrated solutions to address multiple challenges simultaneously. One of the key principles of sustainable development is the idea of intergenerational equity, which emphasizes the responsibility of current generations to preserve resources and opportunities for future generations. This implies a commitment to long-term planning and decision-making that takes into account the potential impacts of present actions on future well-being. Furthermore, sustainable development recognizes the importance of resilience and adaptability in the face of uncertainty and change. This requires a willingness to invest in capacity building, innovation, and risk management to ensure that societies can withstand and recover from shocks and disruptions over the long term.- Achieving sustainable development is a continuous and evolving process that requires ongoing commitment, collaboration, and innovation. It is not a fixed destination, but rather a dynamic journey towards a more inclusive, equitable, and environmentally sustainable future for all.
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