The economic growth of any nation should happen in a sustainable manner. The business opportunities, jobs, infrastructure development, global aspirations, etc of a country needs to be planned based on the resources available and the amount of risk it can take. When the aspirations exceed the realistic expectations and push for rapid growth, development, expansion without considering the future outcomes, it leads to the break-down of the nation.
Many of the developing and under developed nations who were self-sufficient in multiple ways before have fallen into a debt trap and are becoming mere pawns in global political power play. The moment of realization comes at a time when everything is out of their hands. The impact of such crisis transcends borders and affects the global economy. Many of the businesses suffer huge blows and it in turn effects the people and the local economy.
When you apply the principles of sustainability to the micro sectors, small businesses, enterprises, a number of problems can be solved at the foundation and ensure a sustainable business & economic growth. The societal and ecological imbalances can be regulated efficiently. As an aspiring entrepreneur, individual, focus on solutions which are innovative & rapid but sustainable in the long run. The small things you can focus, alter and correct now can become the pillars, driving force for future generations!
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