Journal of Applied Economic Research
ISSN 2712-7435
Green Economy: Definition and Main Directions of Development
Vukovic N.A.
Abstract
Сurrently, a set of global environmental and economic threats and challenges is forcing world economic science to find new ways of development of the world economy. A new model of economic growth must satisfy two main criteria: firstly, to find a qualitatively new path of growth, and, secondly, to ensure the safety and improve environmental quality for human habitation, i.e. to provide new economic growth without negative consequences for the environment. Many modern scientists see the solution to these problems in a relatively new trend in the economy that has been existing for over 30 years - the green economy. Top politicians and civil servants in leading economies echo their view. In this regard, the author has conducted in the present article the analysis of existing definitions of the green economy and has identified that many of them do not always agree on how to interpret and define the notion. The author has investigated the definition and formulation of various existing theories. The author has also examined the available Russian and international studies on the topic of sustainable development and green economy. During the research the methods of scientific analysis, comparison and synthesis were used. As the result of the research, the author has come to a conclusion about the necessity of developing a new definition of the green economy which would clearly explain its essence. The author emphasizes that the concept of green economy does not replace sustainable development, but achieving the sustainability of a nation depends almost entirely on the formation of the "right" kind of economy.
Keywords
green economy; sustainable development; innovative economy; economic growth; ecology.
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About Authors
Vukovic Natalia Anatolievna – Candidate of Economic Sciences, Associate Professor, <st1:placename w:st="on">Ural</st1:placename> <st1:placetype w:st="on">State</st1:placetype> <st1:placetype w:st="on">Forest</st1:placetype> <st1:placename w:st="on">Engineering</st1:placename> <st1:placetype w:st="on">University</st1:placetype>, Researcher of Ural Federal University named after the first President of Russia B.N. Yeltsin, <st1:place w:st="on"><st1:city w:st="on">Ekaterinburg</st1:city>, <st1:country-region w:st="on">Russia</st1:country-region></st1:place>, (622100, Ekaterinburg, Sibirsky tract, 37); e-mail: shpak@usfeu.ru.
For citation
Vukovic N.A. Green Economy: Definition and Main Directions of Development. Bulletin of Ural <st1:place w:st="on"><st1:placename w:st="on">Federal</st1:placename> <st1:placetype w:st="on">University</st1:placetype></st1:place>. Series Economics and Management, 2018, Vol. 17, No. 1, 128-145. DOI: 10.15826/vestnik.2018.17.1.006.
Article info
Received December 1, 2017; Accepted January 23, 2018.
DOI: http://dx.doi.org/10.15826/vestnik.2018.17.1.006
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