Economic sustainability

Economic sustainability

by Bart Verswijvel -
Number of replies: 9

Economic sustainability

Economic sustainability aims to maintain the capital intact. If social sustainability focuses on improving social equality, economic sustainability aims to improve the standard of living. Maintaining high and stable levels of economic growth is one of the key objectives of sustainable development. Abandoning economic growth is not an option. But sustainable development is more than just economic growth. The quality of growth matters as well as the quantity.


In reply to Bart Verswijvel

Re: Economic sustainability

by Kathrina Hinterleitner -
The Holiday Resort Project refers first of all to economic sustainability. The income for a lot of locals could grow with such a project. The company which runs the resort should prefer local employees and take actions to educate the staff and offer good and interesting jobs. If the resort is trying to buy food and other ressources mainly from local partners (farmers, fishermen,...) there will be even more revenue for the citizens of the island.
In reply to Bart Verswijvel

Re: Economic sustainability

by Jennifer Carty -
The hotel resort could help to improve the economy of the island. By bringing more people to the island, therefore the local stores would be receiving more customers than ever before. At the same time though the resort should focus on employing locals, as it offers everyone more job opportunity and new experiences that could further their knowledge in the job market
In reply to Jennifer Carty

Re: Economic sustainability

by Angela Metallinou -
Jennifer, I think this is a great idea. But there must be a control of the number of people visiting the island, like many tourists spots do.
In reply to Jennifer Carty

Re: Economic sustainability

by Daniela Brogna -
It is a good idea, with a focus on sustainable development
In reply to Bart Verswijvel

Re: Economic sustainability

by Carol Barriuso -
The construction of the resort would probably be a good source of economic growth for the island, but for that, I believe locals must be hired in all stages, from construction to personnel or suppliers as much as possible. Only then we could say that the resort really creates a positive impact in the economic growth of the island.
In reply to Carol Barriuso

Re: Economic sustainability

by Pam OBrien -
Agreed Carol, I think economic sustainability can be supported through this project however it will need to be very carefully managed
In reply to Carol Barriuso

Re: Economic sustainability

by Edward Lockhart -
Couldn't agree more. Unfortunately, big corporations usually have their own workers. I hope it's not the case in this project... ;)
In reply to Bart Verswijvel

Re: Economic sustainability

by Maja Videnovik -
The hotel project refers to economic development for sure by providing new working places and keeping young people there