Human development and economic sustainability CSS Essay. Essay on human development and economic sustainability. 

Human Development And Economic Sustainability CSS Essay

Introduction

Today the world has become highly interdependent like never before. In today’s world, a small skirmish between two states like Russia and Ukraine may have consequential effects for the economies of many developing states like Pakistan. In such unpredictable world, maintaining economic sustainability is a challenging task for many states which can be achieved primarily by means of human development.

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Human Development

• Primarily focuses on improving people lives rather than economic growth
• Availability of opportunities, for example, educating a girl would build her skills, but it is of little use if she is denied access to jobs, or does not have the skills for the local labour market.
• A multi-dimensional process.
• Three foundations for human development are to live a healthy and creative life, to be knowledgeable, and to have access to resources needed for a decent standard of living.
• Other dimension includes the creation of right conditions for human development like participation in political and community life, environmental sustainability, human security and rights and equality between men and women.

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Economic Sustainability

Economic sustainability refers to practices that support long-term economic growth without negatively impacting social, environmental, and cultural aspects of the community.

Human development helps in economic sustainability in the following ways.

• Opportunities for small to medium entrepreneurs
• Development of new markets
• Overcome brain drain
• Inventions and development  
• Stability
• Investment in private sector

Conclusion