APPROACHES ON MEASURING SUSTAINABLE DEVELOPMENT IN CONTEMPORARY WORLD – BEYOND CLASSICAL INDICATORS

Abstract

Measurement of sustainable development in the contemporary world represents a topic of wide approach in the context of transformations which global economic environment has experienced over the last half-century. The necessity of identification of new indicators that provide a more faithful image of economic life has imposed the construction of new indicators for measuring. In this context, the central objective of the paper is to achieve a synthesis of some of these indicators, analysing their evolution in the context of existing economic realities but also highlighting further correlations, limitations and disputes to which they are subjected to lately. Thus in this paper are presented and analyzed, considering the arguments above, a series of indicators such as the ecological footprint, biocapacity, happy planet index or other segnificant indicators. Another objective of the paper is also the identification of possible solutions for the application of these indicators in the foundation for sustainable economic policies in the context of global economic transformations

Keywords

• sustainable development
• well-being
• Ecological Footprint
• Biocapacity
• Happy Planet Index.