The essence of sustainable social development and possibilities for measuring IT

Algimantas Misiūnas, Ieva Balsytė

Abstract


The concept of sustainable development has already been carefully analysed from the theoretical point of view. It is understood as non-declining public value which takes into consideration technological, ecological, social restrictions on activity. Sustainable development has to ensure not only economic growth but also compatibility of economic activity with environmental, social and intellectual aspects. This currently widely-recognised idea means that economic growth as the key and the only objective of development is not sufficient in order to ensure welfare of present and future generations. Moreover, it is impossible to pursue the desired economic, ecological or social development levels in isolation, i.e. without synchronically ensuring at least a minimum development level in each of these development forms. The article explores theoretical and practical aspects of measuring sustainable social development.

Keywords


sustainability; development; capital; welfare

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"Intellectual Economics" ISSN online 1822-8038 / ISSN print 1822-8011