slugThe Determinants of Sustainable Development in Laos
Journal Title: International Journal of Academic Research in Management - Year 2014, Vol 3, Issue 1
Abstract
This study attempts to determine the importance of sustainable development and aims to propose some indicators and tools that would be used to facilitate a transition towards sustainability. It is assumed that sustainable development is a function of three factors, economic growth, social development and environmental conditions. The results are then combined with certain principles of sustainability, to develop a roadmap for sustainable development in Laos. Annual time series data is used for the period 1990-2010. In order to generate the most appropriate equation for analysis, relevant theoretical and studies are reviewed. This study proves that sustainable development is a fair combination of the three main factors of development, economic growth, social development, and environmental protection, under the condition that economic growth is distributed to all the population, through poverty reduction, minimizing inequality in society, and maintaining a good condition of the environment and natural resources. It is about achieving the economic growth needed to meet human needs, improve living standards, and provide the financial resources that make environmental protection possible.
Authors and Affiliations
Hatthachan Phimphanthavong
Keywords
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