From the Economic Growth to the Sustainable Development, the Role of Services in the Development Process
Author:Prof. univ. dr. Ioncică Maria; Lector univ. dr. Petrescu Eva Cristina
JEL:
DOI:
Keywords:Economic Growth;
Sustainable Development;
Economic Growth Rate;
Purchasing Power Parity;
Human Development Index;
Human Poverty Index.
Abstract:
Economic growth is an increase of
the results of an economic system in a
particular time and space. Economic results
are synthetically described by GNP or real
GDP adjusted with the deflator on the whole
or per capita.
Sustainable development is the kind
of development that satisfies the present
generations’ needs without affecting those
of the generations to come. Sustainable
development is an evolving concept that
comprises all aspects of human activity.
The methodology and indicators used
to measure economic development have
changed with the different approaches of the
concept. The main indicators used are:
Economic Growth Rate, Purchasing Power
Parity, Human Development Index, and
Human Poverty Index.
In the context of profound changes in
contemporary economy - theories and
models of economic development must be
adjusted to the new realities. More and
more specialists find services the main
incentive for economic growth.