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School of Economics, Trade and Mechanical Engineering , Kučevo , Serbia
Belgrade Academy of Business and Art Vocational Studies , Belgrade , Serbia
The modern understanding of development, as a process of continuous solution of numerous and diverse social and economic needs, whose success is measured by increasingly complex systems of indicators, requires a re-examination of many traditional understandings, especially when it comes to modalities and dynamics of economic growth and development. The framework of economic development, ie the level of economic development of a certain economic system, is defined through the analysis of the growth of material production and national income, with simultaneous structural changes and changes in the functioning of a given economy on a general, upward path. These changes are both quantitative and qualitative, meaning both an increase in all elements of the economy (although not in the same proportion), and their change under the influence of scientific and technical progress, and changes in the social and natural environment - the environment. The size of this cost varies from country to country depending on the achieved level of economic and scientific-technological development, available raw materials and energy resources, spatial distribution of production, but also on the population density of certain areas and the achieved level of urbanization. In addition, all these environmental constraints are characterized by a very high degree of interconnectedness, which leads to worsening environmental conditions of development in recent decades. a place of ecological-economic approach to the study of the phenomenon of development. (Rio Declaration on Environment and Development, 1992).
sustainable development, economic and environmental policy, environmental policy instruments, nature of environmental policy/crisis, environmental stabilizers
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