SUSTAINABLE DEVELOPMENT AS A SOCIO-ECONOMIC MODEL OF WIN-WIN: CONTEXTS OF INDIVIDUAL COUNTRIES AND RECOMMENDATIONS FOR UKRAINE
Abstract
The article thoroughly explores the multifaceted challenges modern societies confront in achieving balanced development, one that harmonizes economic progress with social equity and environmental stewardship. Amidst these challenges, the concept of sustainable development emerges as a pivotal socio-economic paradigm aimed at orchestrating outcomes that benefit all stakeholders, commonly referred to as a "win-win" scenario. The article, using cabinet study and literature review methods, meticulously examines economists' studies on the sustainable development model across diverse socio-economic landscapes of individual nations. It delves into seminal contributions to the field, shedding light on pioneering research that has significantly shaped our understanding of sustainable development principles and practices. As a result, by scrutinizing various community development models such as the "barrel" and the "funnel," the article elucidates the complexities of sustainable development frameworks and synthesizes key insights. It underscores the importance of amalgamating different elements of development to foster resilience and sustainability within communities. Through such analyses, economists deepen our comprehension of the intricate dynamics of community development and underscore the critical role of synthesized development approaches in steering societies towards sustainable trajectories. Furthermore, the article underscores the indispensable role of sustainable development indicators in guiding policy formulation and decision-making processes. By employing robust indicators, policymakers can ensure that development initiatives not only foster economic growth but also uphold social equity and environmental integrity. This holistic approach to development underscores the interconnectedness of economic, social, and environmental dimensions and emphasizes the need for integrated strategies to address complex societal challenges effectively. Moreover, the research elucidates the significance of sustainable development indicators as fundamental components of settlement development markers. By gauging factors such as access to basic services, environmental conservation efforts, and social justice initiatives, these indicators provide invaluable insights into the overall well-being and resilience of communities. In practical dimension, this research represents a comprehensive exploration of sustainable development paradigms, drawing on the insights of leading economists to offer nuanced perspectives and actionable recommendations. By synthesizing research findings and highlighting best practices, the article contributes to advancing the discourse on sustainable development and provides valuable guidance for policymakers and practitioners striving to foster resilient, equitable, and environmentally responsible societies.
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