In the two decades since the 1992 Earth Summit, the international development community has come to accept that sustainability will require major transformations in patterns of investment, technology, production, consumption and governance. Persistent poverty in some regions, and growing inequalities worldwide, are stark reminders that economic globalization and liberalization have not created an environment conducive to sustainable and equitable social development. Multiple global crises, food, fuel and climate also bring into sharp relief the limits and contradictions of current development models based on the exploitation of finite natural resources, and the urgent need to shift to low-carbon development paths.
In the two decades since the 1992 Earth Summit, the international development community has come to accept that sustainability will require major transformations in patterns of investment, technology, production, consumption and governance. Persistent poverty in some regions, and growing inequalities worldwide, are stark reminders that economic globalization and liberalization have not created an environment conducive to sustainable and equitable social development. Multiple global crises, food, fuel and climate also bring into sharp relief the limits and contradictions of current development models based on the exploitation of finite natural resources, and the urgent need to shift to low-carbon development paths.
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