Building a New Economic Model Based on the Principles of Sustainable Development and the SDGs in Ho Chi Minh City
Keywords:
Economic model, sustainable development, environmental stewardship, economic growth, social well-beingAbstract
This paper proposes the development of a new economic model that aligns with the principles of sustainable development and the United Nations' Sustainable Development Goals (SDGs). The current economic systems have led to numerous environmental and social challenges, such as climate change, inequality, and resource depletion. To address these issues, it is crucial to adopt an economic model that integrates sustainability as a core principle. The proposed economic model focuses on achieving economic growth while simultaneously promoting social well-being and environmental stewardship. It recognizes the interdependence between the economy, society, and the environment and seeks to balance these three dimensions to ensure long-term prosperity for present and future generations. Implementing this new economic model will require significant efforts from governments, businesses, and individuals. It will involve policy reforms, investment in sustainable infrastructure, capacity building, and raising awareness about the benefits of sustainable development.
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