Reversing the loss of natural resources and support to their revitalization in the Western Balkans

Nedić, Vladimir; Cvetanović, Dušan; Subotić, Jovica

doi:10.5937/ekonomika1701041n

Cited by 2 publications

(1 citation statement)

References 10 publications

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“…(Ayers et al, 1988). Proponents of the concept of strong sustainability believe that the next generation must inherit a stock of natural capital no less than the stock that the current generation inherited from the previous generation (Nedić et al, 2017). Emphasizing the imperative of preserving natural capital, rather than total capital, can ensure effective protection of natural resources that are in danger of economic progress.…”

Section: The Substitutability Of Productive and Natural Capitalmentioning

confidence: 99%

Sustainable development management seen through the prism of natural capital preservation imperative

Kostić¹,

Milićević²,

Despotović³

2022

Bizinfo

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After explaining the content coverage and elementary explanation of the basic dimensions of the paradigm of sustainable development, the concept of sustainability is considered in the light of preserving the total amount of capital in the production process, assuming no technological change and population growth. The research task set in this way brought to the fore the extremely complex question of the substitutability of produced and natural capital (stocks of natural resources and carrying capacity of the environment). The answer to it is directly related to the concept of weak and strong sustainability. The concept of poor sustainability allows substitutability between produced and natural capital, provided that the total amount of available capital does not decrease. On the contrary, the concept of strong sustainability implies a special observation of produced and natural capital. It practically eliminates the possibility of replacing one form of capital with another in the production process and from the point of view of the development economy is the only acceptable option in the long run. If unlimited substitution between natural and produced capital is allowed, then natural resources will eventually be depleted due to the creation of produced capital.

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Section: The Substitutability Of Productive and Natural Capitalmentioning

confidence: 99%

Sustainable development management seen through the prism of natural capital preservation imperative

Kostić¹,

Milićević²,

Despotović³

2022

Bizinfo

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Effective management of local finances as a element in improving local economic development

Jakšić¹

2023

Econ Sust Dev

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For normal functioning and development of local self-government, it is necessary to secure financial resources from various funding sources. The basic sources of financing for local self-government are local tax revenues. However, during a period of crisis, local governments cannot rely only on their revenues. To provide the most favourable source of financing, the local government has the task of establishing and implementing an effective debt management policy with the control of its indebtedness capacities. It is by determining this capacity, through various indicators of indebtedness, that it is possible to know what kind of financial health the local self-government has. The paper aims to show the degree of impact of the Pandemic crisis on the indebtedness of local self-governments in 2020. In addition, the paper presents key priority areas for financing local governments during the crisis period.

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Reversing the loss of natural resources and support to their revitalization in the Western Balkans

Cited by 2 publications

References 10 publications

Sustainable development management seen through the prism of natural capital preservation imperative

Sustainable development management seen through the prism of natural capital preservation imperative

Effective management of local finances as a element in improving local economic development

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