Abstract
Sustainable economic development strategies promote mutually‐beneficial environmental, social and economic progress. Such strategies now form an essential basis for local and regional development. Various models of sustainable economic and environmental industry development have been introduced in recent years, some of which have proved to be of particular value. The theory and practice of sustainable economic development has made rapid progress, and this approach to local and regional development is now generally accepted as offering the opportunity to solve a range of environmental and economic problems and to promote new economic activities that can generate jobs in socially excluded communities.
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