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Clash of Interests on the Path of Sustainable Development Implementation

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  • Jerzy W. Pietrewicz

Abstract

Purpose: The aim of this article is to identify and determine the influence of key interest groups in terms of implementing sustainable development principles. Design/Methodology/Approach: Analysis of processes and behaviour of institutions and social groups using statistical data. Findings: Sustainable development appears today to be the most rational response of societies to the global problems of humanity. Despite widespread understanding and recognition as well as various initiatives, progress in implementing the principles of sustainable development is far from being satisfactory. Antipodally, transnational corporations based on the logic of microeconomic rationality continue to grow in strength. Therefore, it is very important to identify and seek opportunities to strengthen forces and interests that are guided by an equal consideration of economic, social and environmental factors in the implemented activities. The analysis of the issue shows the key role of the state in this process, but also of non-governmental organisations which, thanks to their activity and organisation, are able to effectively influence their surroundings to follow the principles of sustainable development. Countries with the highest number of NGOs also lead the sustainability ranking. There is great causative potential for regulated financial markets to increasingly involve financial institutions in sustainability criteria in their own operations and those of their clients. The European Union's regulations and initiatives, which provide directional support for UN programmes, play a very important role in this process. Practical implications: The conducted analysis shows that combining the interests and activities of informal institutions, alongside selective support of the formal ones, synergistically strenghtens the implementation of sustainable development principles. Originality/Value: The analysis is part of a search for causal factors enabling the dissemination and acceleration of the implementation of sustainable development principles in the world.

Suggested Citation

  • Jerzy W. Pietrewicz, 2021. "Clash of Interests on the Path of Sustainable Development Implementation," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 309-330.
    • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:4b:p:309-330
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    References listed on IDEAS

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    1. Małgorzata Jaworek & Marcin Kuzel, 2015. "Transnational Corporations in the World Economy: Formation, Development and Present Position," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 4(1), pages 55-70.
    2. Sachs,Jeffrey & Kroll,Christian & Lafortune,Guillame & Fuller,Grayson & Woelm,Finn, 2021. "Sustainable Development Report 2021," Cambridge Books, Cambridge University Press, number 9781009098915, October.
    3. Bischoff, Ivo, 2003. "Determinants of the Increase in the Number of Interest Groups in Western Democracies: Theoretical Considerations and Evidence from 21 OECD Countries," Public Choice, Springer, vol. 114(1-2), pages 197-218, January.
    4. Sachs,Jeffrey & Kroll,Christian & Lafortune,Guillame & Fuller,Grayson & Woelm,Finn, 2021. "Sustainable Development Report 2021," Cambridge Books, Cambridge University Press, number 9781009102896, May.
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    More about this item

    Keywords

    Sustainable development; interests; state; NGOs; financial markets; transnational corporations; sustainable ethics.;
    All these keywords.

    JEL classification:

    • E70 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - General
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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