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Sustainable development thus tries to find a balance between economic development, environmental protection, and social well-being. However, scholars have pointed out that there are manifold understandings of sustainable development. Also there are incoherencies in the dominant market-based socio-economic-political organisation.
One distinction is that sustainability is a general concept, while sustainable development can be a policy or organizing principle. Scholars say sustainability is a broader concept because sustainable development focuses mainly on human well-being. [23] Sustainable development has two linked goals. It aims to meet human development goals.
The common good balance sheet is a value-based measurement tool and reporting method for businesses, individuals, communities, and institutions, [6] which shows the extent to which a company abides by values like human dignity, solidarity and economic sustainability. [7]
The following outline is provided as an overview of and topical guide to sustainability: . Sustainability – capacity to endure. For humans, sustainability is the long-term maintenance of well being, which has environmental, economic, and social dimensions, and encompasses the concept of stewardship and responsible resource management.
David Korten claims that people-centered development is the only way to develop sustainable communities. [6] He criticized the common development practice of increased economic output through natural resource depletion. [6] Korten also advocates sustainability in the financing of development projects and the relationships of external assistance.
The concept of human development expands upon the notion of economic development to include social, political and even ethical dimensions.Since the mid-twentieth century, international organisations such as the United Nations and the World Bank have adopted human development as a holistic approach to evaluating a country’s progress that considers living conditions, social relations ...
Human development theory is a theory which uses ideas from different origins, such as ecology, sustainable development, feminism and welfare economics. It wants to avoid normative politics and is focused on how social capital and instructional capital can be deployed to optimize the overall value of human capital in an economy.
The "Social Movement Perspective" defines participation as the mobilization of people to eliminate unjust hierarchies of knowledge, power, and economic distribution. This perspective identifies the goal of participation as an empowering process for people to handle challenges and influence the direction of their own lives. [ 3 ]