ECONOMIC SUSTAINABILITY AS REGIONAL DEVELOPMENT FACTOR

Abstract

Globalisation with such rapid involvement and proliferation led to changes in regional developments, creating divisions in various forms of businesses. Negligence in global market competition caused disturbances in the supply of goods as well as in economic services. This phenomenon exceeded humanity's needs for development and excessive prosperity, neglecting the care for future generations. Sustainability should cover all human life needs as well as global developments in both individual and social aspect. This requirement requires harmonisation of global needs and demands of the population by taking care of natural resources and assets through limited investments in compliance with the implementation of laws and technical-technological developments. Harmonisation between needs for spending and unlimited personal demands it requires individual engagement to establish a balance of opportunities and feasible investments in global businesses.