FROM ECONOMIC DEVELOPMENT TO SUSTAINABLE ECONOMIC DEVELOPMENT
FROM ECONOMIC DEVELOPMENT TO SUSTAINABLE ECONOMIC DEVELOPMENT

Summary/Abstract: The human being is the creator of resources, is the user technology, which enables us to place him on the axis of growth - economic development - sustainable economic development. This article presents definitions of sustainable economic development and the elements on which it is based:efficiency, progress, technology and innovation. Sustainable economic development is founded on eco efficiency in production processes, aided innovation, technological developments, environmentally, exploitation account for regenerative capacity of nature. Thus, the term eco - efficiency merges ecological and economic efficiency. The limitation imposed by nature, aided by technology, urges companies to be resource efficient, consuming less in order to obtain quality goods and services. Innovation is the key for economic growth and development.

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