Sustainable economic growth means economic growth continues over time and does not jeopardize future generations’ ability to expand productive capacity. Because productive capacity depends on the availability and quality of production factors (including natural resources), sustainability means ensuring the availability of these factors for future generations.
ADVERTISEMENT
Today’s rapid economic growth is often unsustainable. It is usually associated with high inflation and raises severe problems in the long run. It can use up resources and create environmental issues for future generations, including global warming and shrinking energy and mineral resources.
