University of Pardubice Jan Perner Transport Faculty Transport and ...

function requires a change in size, until an economy can produce a margin above its food,
through growth, it will be unable to allocate a portion of its resources to other types of
activity.’’ 21
The two terms growth and development result in sustainable economic development. Sustainable
economic development means to generate substantial economic and employment growth,
sustainable business and community development by demonstrating that innovation, efficiency,
and conservation in the use and reuse of all natural and human resources is the best way to
increase jobs, incomes, productivity, and competitiveness. In addition, Sustainable Economic
Development strategies are the most cost effective method of promoting renewable energy and
clean technologies, protecting the environment, and preventing harmful impacts from climate
change.
One of the influential factors of economic growth/development is Globalization. Globalization is
the system of interaction among the countries of the world in order to develop the global
economy. Globalization refers to the integration of economics and societies all over the
world. Globalization has led to competition between nations, regions, and communities
to attract and retain businesses that are moving or expanding. More than half of humanity now
lives in cities and that half annually produces 85% of the world’s Gross Domestic Product,
consumes more than 75% of the Earth’s resources, and generates approximately 75% of the
Earth’s waste. With these results we see a growing gap between productivity and demand as one
key economic development as figure 4.
21 HERRICK, Bruce H and Charles P KINDLEBERGER. Economic development. McGraw-Hill: The University of
California, 1983. ISBN: 978-0-07034-5843
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