Open AccessSUSTAINABLE DEVELOPMENT IN RESISTING ECOLOGICAL THREATS
Author(s) -
Mohammed Riad Chehabeddine,
Manuela Tvaronavičienė
Publication year - 2021
Publication title -
contemporary issues in business, management and economics engineering
Language(s) - English
Resource type - Conference proceedings
ISSN - 2538-8711
DOI - 10.3846/cibmee.2021.594
Subject(s) - sustainable development , sustainability , macro , originality , developing country , business , environmental resource management , environmental economics , natural resource economics , ecology , economics , economic growth , computer science , political science , creativity , law , biology , programming language
Purpose – this paper aims to ground an extended model of sustainable regional development, which wouldserve as an instrument to estimate and, ultimately, minimize the harmful impact of ecological threats on sustainableeconomic development.Research methodology – Ecological Carrying Capacity (ECC) concept needs to be applied; chosen “COVID19” is as avalid sample of ecological pressure on regions to study its harmful impact on one of the ecological resource “GDP” forthe vital group G20 countries that control 75% of the world’s GDP. Secondary data were collected from the Passportdatabase’s Macro model for evaluations and predictions.Findings – GDP drop due to COVID19 in developed countries is higher than the developing countries of the G20 group,indicating the need to utilize the global sustainability EGB model instead of the SLB model.Research limitations – considering one macro model indicator (GDP), which could be enhanced by including otherindicators.Practical implications – the obtained results promote a consistent reaction pattern of GDP growth with ecological threatsin differently developed countries to devise economic policies on how to mitigate these threats’ globally.Originality/Value – previous studies mainly focused on identifying ecological threats, whereas our study studied howto measure these threats’ harmful impact on countries’ economies.