Abstract
The article considers the problems of sustainable economic development. Based on the array of studied information, the authors have proposed a definition of sustainable development. Sustainable economic development has been proved to be impossible in the long term and the peripheral countries. Our research has identified the main principles necessary for building a sustainable development policy, as well as problems that thwart sustainable development goals. As a conclusion, we should state that immature and inconsistent technological processes in the periphery countries make the quick transition to sustainable development impossible.
Highlights
IntroductionSustainable development is the harmonious development of the economy that meets the present needs without prejudice to future generations, with an emphasis on interaction with environmental and social factors
Sustainable development is the harmonious development of the economy that meets the present needs without prejudice to future generations, with an emphasis on interaction with environmental and social factors.Sustainable economic development closely correlates with the economic security of countries and regions
The idea of sustainable development is linked to the issue of sustainable consumption
Summary
Sustainable development is the harmonious development of the economy that meets the present needs without prejudice to future generations, with an emphasis on interaction with environmental and social factors. Sustainable economic development closely correlates with the economic security of countries and regions. A well-established system of economic security prevents in advance negative processes affecting the economy of the subjects. The concept of sustainable economic development has faced more criticism among economists and scientists. The forward movement of the economy of the region, the country, the world economy is cyclical, with the compression of all economic cycles
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