Role Of Sustainable Economic Model in Economic Development Towards Sustainable Future

  • Unique Paper ID: 191034
  • Volume: 12
  • Issue: no
  • PageNo: 77-81
  • Abstract:
  • In recent decades, the concept of green economics has emerged as a critical framework for reconciling economic growth with environmental sustainability. Traditional economic models, which prioritize short-term growth and profit maximization, have increasingly been criticized for their role in environmental degradation, climate change, and resource depletion. In response, green economics offers an alternative paradigm that integrates ecological constraints, social equity, and long-term economic resilience. This review paper examines the relationship between green economics and long-term national competitiveness by synthesizing existing theoretical perspectives, empirical evidence, and policy experiences across developed and developing economies. The study reviews key dimensions of green economics, including green growth, resource efficiency, renewable energy transition, green innovation, and institutional governance, and evaluates how these factors contribute to sustainable national competitiveness. The paper highlights that nations adopting green economic strategies tend to enhance productivity, innovation capacity, investment attractiveness, and social welfare over the long run. However, challenges such as policy inconsistency, financial constraints, and unequal transition costs remain significant barriers. The review concludes by proposing an integrated conceptual framework linking green economics with national competitiveness and identifies future research directions to strengthen evidence-based policymaking.

Copyright & License

Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{191034,
        author = {Md. Sohrab and Dr. M P Singh},
        title = {Role Of Sustainable Economic Model in Economic Development Towards Sustainable Future},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {12},
        number = {no},
        pages = {77-81},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=191034},
        abstract = {In recent decades, the concept of green economics has emerged as a critical framework for reconciling economic growth with environmental sustainability. Traditional economic models, which prioritize short-term growth and profit maximization, have increasingly been criticized for their role in environmental degradation, climate change, and resource depletion. In response, green economics offers an alternative paradigm that integrates ecological constraints, social equity, and long-term economic resilience. This review paper examines the relationship between green economics and long-term national competitiveness by synthesizing existing theoretical perspectives, empirical evidence, and policy experiences across developed and developing economies. The study reviews key dimensions of green economics, including green growth, resource efficiency, renewable energy transition, green innovation, and institutional governance, and evaluates how these factors contribute to sustainable national competitiveness. The paper highlights that nations adopting green economic strategies tend to enhance productivity, innovation capacity, investment attractiveness, and social welfare over the long run. However, challenges such as policy inconsistency, financial constraints, and unequal transition costs remain significant barriers. The review concludes by proposing an integrated conceptual framework linking green economics with national competitiveness and identifies future research directions to strengthen evidence-based policymaking.},
        keywords = {Green economics, national competitiveness, sustainable development, green growth, environmental policy, long-term economic performance},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 12
  • Issue: no
  • PageNo: 77-81

Role Of Sustainable Economic Model in Economic Development Towards Sustainable Future

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