The Transformation of Economic Growth Pattern and Sustainable Development

Abstract

The research background of this paper is the limitations of traditional economic growth models and emphasizes the necessity of transitioning towards sustainable development. The main research theme is to explore the differences between traditional economic growth models and sustainable development models through comparing and analyzing their advantages, disadvantages, and impacts. The research methodology mainly relies on literature review and comparative analysis to support the arguments and conclusions. This paper findings indicate that traditional economic growth models focus on increasing national income and GDP but neglect the issues of resource consumption and environmental pollution. Sustainable development models emphasize the efficient use of resources and environmental protection by reducing reliance on fossil fuels, improving energy efficiency, and preserving the environment. The research conclusion is that the transformation towards sustainable development is a necessary measure to address the limitations of traditional economic growth, and it requires collaborative efforts from governments, businesses, academia, and society to overcome challenges and seize opportunities for sustainable development.