Management of Economic Development and Principles of Environmental Sustainability

Abstract

The concept of current economic development, called sustainability, aims in particular to increase the quality of life by capitalizing all the existing resources. This paper discusses in particular the approach of liberal policies applied in society, adapted to the new challenges, in order to support economic growth, related also with economic development integrating sustainability with all its components. The paper begins by presenting the principles of economic sustainability and it gets to the adoption of some national strategies and the introduction of the “sustainability” factor in order to progressively reduce social inequalities and to reduce the gaps of regional disparities. It uses techniques and concepts specific to the bio economy, approaching the concept of the “U-inverted” relationship, concept also known as the “environmental Kuznets curve”. At the end of the paper are mentioned different stages of economic development that promote sustainability policies; policies that lead to improving environmental performance, by moving to a new development model based on rational and responsible use of resources by introducing some elements of circular economy.