Prospects for Sustainable Development of the Georgian Economy

Abstract

       In recent decades, the global community has increasingly recognized the need for sustainable development as an important principle of economic progress. The concept of sustainable development includes the pursuit of economic growth while addressing environmental protection and social equity issues, thereby ensuring the well-being of present and future generations.

The paper notes that the sustainable economic development of our country requires us to find new approaches to economic life, both in terms of production and consumption. It is important to look for new ways of economic efficiency in order to produce more with fewer resources and with less waste. Environmental protection requires new production processes, greater use of recyclable materials. In the article we analyze, that economic systems often prioritize short-term gains over long-term stability, which leads to unsustainable development that depletes natural resources, exacerbates inequality, and damages ecosystems.

The many global challenges of sustainable development require collective action and international cooperation, yet political and economic interests often hinder the achievement of common goals. Given these challenges, the need for innovative solutions is more urgent than ever.

The multifaceted nature of sustainable development requires concerted action and international cooperation, but political and economic interests often hinder the achievement of common goals. According these challenges, the need for innovative solutions is more urgent than ever.