Abstract
The striving for sustainable development has become the goal of actions undertaken not only by representatives of public authorities and institutions representing this sector, but also representatives of private entities who are increasingly recognizing the benefits and sources of long-term development based on the principles and objectives of sustainable development. These are mainly based on the pursuit of synergy in the three basic areas of activities, i.e., in the economic, social, and environmental dimensions as well as in the maintenance of natural resources. The implementation of these activities is connected with the necessity of incurring financial expenditures, which the government (public sector) does not have in the required value. Therefore, in the process of sustainable development for which the government is responsible, the active participation of the financial sector (banks) is necessary. Achieving results within the alliance of the concept of sustainable development requires the setting of a kind of contract, the parties of which are the government, society, and financial institutions. The purpose of the conducted research is to indicate by which means the government can stimulate economic growth towards its sustainable development.
Highlights
In recent years, we have observed a growing consensus in the views on the broadly understood economic development
Economists believe that does the pursuit of high levels of economic growth, most often measured in terms of GDP (Gross Domestic Product), reflect wealth, social well-being, or the development of entrepreneurship, but first of all, that balanced and sustainable economic and social development is the basis for further positive external results in the economy
Such conditions are to a large extent fulfilled by the concept of sustainable development, which aims at obtaining rational benefits for the stakeholders of this approach
Summary
We have observed a growing consensus in the views on the broadly understood economic development. Economists believe that does the pursuit of high levels of economic growth, most often measured in terms of GDP (Gross Domestic Product), reflect wealth, social well-being, or the development of entrepreneurship, but first of all, that balanced and sustainable economic and social development is the basis for further positive external results in the economy. Such conditions are to a large extent fulfilled by the concept of sustainable development, which aims at obtaining rational benefits for the stakeholders of this approach.
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