Economic Growth and Sustainable Development: New Challenges to Understanding Interdependence

Abstract:

This paper substantiates the necessity for studying the complexity and ambiguousness of green economy principles’, opportunities’ and drivers’ influence in a view of the need for maintaining the economic growth in general and sustainable development in particular. On the basis of foreign experience review and publications” analysis, the main dimensions of new international business philosophy are proposed. These dimensions are related to preserving and expanding the peculiarities of economic growth, forming the post-industrial society with friendly attitude to environment, developing horizontal links and the opportunities of sustainable development. The verification of hypothesis of the dense interconnection between ‘green’ economy efficiency indicators, the process of international investment and achieving the economic growth in the framework of individual economic system as well as in human civilization in general, is conducted with economic-mathematical tools.

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