INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Sustainable and inclusive economic development is a vast and complex subject. Thus, there is no common consensus in defining sustainability and inclusiveness among the economists. But it can be defined as “it is a practice or method of planning and implementation of economic activities for economic progress / growth and development with maintaining a stable and long-term overall economic, social, cultural and environmental progress of not only human being and society as a whole, but along-with protecting the ecosystems and maintain the quality of the environment for future generations.” The present economic growth is based on the costs of the future generations. This paper identifies the issues, problems, and challenges of environmental sustainability and sustainable economic development. A profit-oriented capitalist mode of production exploits the natural resources which are more profitable in short-term at full potential. Sustainable economic development requires the appropriate policies to achieve the UN’s Millennium Goals. This paper’s objective provides a thorough overview on the fundamental ideas, theories, and practice of sustainable and inclusive economic development, from the theoretical presumptions of their guiding principles to methods for overcoming barriers to economic development in the era of the COVID-19 and global military conflicts, as well as the effects these have on the world's trade, investment, and development. The paper emphasizes the status of the energy utility, energy sources, ecological impacts, Government role, and techniques to reduce pollution based on recent research papers (published in journals, newspapers, magazines, PhD thesis, news agencies, YouTube, and webinars. Finally, the study set a recommendation, “it must be sustainable through protecting the available natural resources, and therefore, it must be a balance between present and future generations.”
Keywords:
Sustainability, inclusiveness, green technology, green energy, green trade
Cite Article:
"India-South Pacific Economic Partnership (2023) Towards Sustainability with Special Reference to the Papua New Guinea ", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 11, page no.b203-b210, November-2023, Available :http://www.ijnrd.org/papers/IJNRD2311125.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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