I think pace of economic growth is strictly linked with inclusiveness and sustainability of economic growth. However, in literature on the subject it is still inconclusive. For example, some holds the optimistic view that pace of economic growth is pre-requisite for inclusiveness and sustainably, others are pessimistic that high economic growth and acceleration in economic activities put pressure on natural resources and therefore obvious consequences for sustainability for economic growth.
Promote development oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro, small and medium-sized enterprises, including through access to financial services. For a society to reach inclusive and sustainable economic growth, conditions must be created to allow people to have quality jobs that stimulate the economy while not harming the environment. An equitable work environment must be ensured and grown, including all members of society. Ensuring people are able to earn the wages they need to thrive. Creating a business environment that attracts new firms and boosts communities. Inclusive and sustainable industrial development (ISID) is the primary source of income generation, allows for rapid and sustained increases in living standards for all people, and provides the technological solutions to environmentally sound industrialization. Sharpening the understanding of inclusion and justice among key stakeholders and a better articulation of the Earth system justice approach is a way forward. Inclusive development is expected to strengthen not only the economic order, but also the social and environmental order in sustainable development. For sustainable development to be achieved, it is crucial to harmonize three core elements: economic growth, social inclusion and environmental protection. These elements are interconnected and all are crucial for the well-being of individuals and societies. Economic growth will be undermined without adequate environmental safeguards, and environmental protection will fail without economic growth. The earth's natural resources place limits on economic growth. The Role of Natural Resources in Economic Development. An abundance of natural resources in a country means that development will come a lot easier to that country than for one where there isn't much natural resource available. Pollution level would increase during the early stages of economic development and will reach the maximum. The maximum level of pollution is referred to as the turning point after which it begins to decline as the country gains adequate resources to tackle the pollution problem. The critical difference in the study of natural resource economics and the environmental economics is that the natural resource economics is interested in the demand, supply, and distribution of natural resources, while environmental economics studies the environmental issues.
Inclusive and sustainable industrial development (ISID) is the primary source of income generation, allows for rapid and sustained increases in living standards for all people, and provides the technological solutions to environmentally sound industrialization. Ensuring people are able to earn the wages they need to thrive. Creating a business environment that attracts new firms and boosts communities. For a society to reach inclusive and sustainable economic growth, conditions must be created to allow people to have quality jobs that stimulate the economy while not harming the environment. An equitable work environment must be ensured and grown, including all members of society. Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services. There are many factors to consider in achieving sustainable and inclusive growth, but two key elements are the growth rate and investment. Achieving a high growth rate is essential for reducing poverty, but it must be balanced with investment in education, health care, and other social services. The three key pillars of the Inclusive Development Index [IDI] are Intergenerational Equity and Sustainability, Inclusion, Growth and Development. Sharpening the understanding of inclusion and justice among key stakeholders and a better articulation of the Earth system justice approach is a way forward. Inclusive development is expected to strengthen not only the economic order, but also the social and environmental order in sustainable development. Inclusive growth creates strength in the economy to withstand shocks and growth becomes sustainable in the longer run. Sustainability is not just about limiting or improving an organization's environmental impact. A strong sustainability strategy also considers the social and economic footprints of the business, touching on things such as employee well-being and sustainable economic growth. Sustainable development is essential for economic growth because it means 'development should take place without damaging the environment, and development in the present should not compromise with the needs of the future generations.