The Formula of the Sustainable Economic Development

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(1) The Introduction:

What is the formula of the sustainable development? What are Concepts of the short term and the long term highest possible sustainable development? What is the formula of the depletion or the resource-availability on a particular given point of the time in the future?

(2) The Exposition:

1. The Formula of the Sustainable Economic Development:

Degeneration of resources (dr) = Regeneration of resources (rr)

Or dr = rr                                                                  ------- (i)

Now, rr = Discovery of new sources of particular resource(N), Discovery of more efficient way of utilization of present resources (E), working out alternative substitute resource (W)

Or rr = (N, E, W)                                                       -------- (ii)

From (i) & (ii) we get

dr = ( NEW )

2. The Concepts of short term and long term highest possible sustainable development:

1. In the short run, the maximum possible sustainable development level is at 5 on the X axis, since the resources are not fully utilized yet as in the primitive tribal societies.  However, with the progressive advance of the civilization, the resources are used increasingly, leading to a situation where a given level of the development is found unsustainable in view of the increasing utilization/rapid depletion/non-availability of the resources.  Hence, the point of the SDPH shifts from B to A.

However, since the human beings desire not to lose what is gained through the development processes already, it leads to an acceptance of the decline of the known resources.  At the same time, there is a worry that they may actually lose this developmental state if not sustained adequately.  This in turn leads to a search for the NEW. In due course of the time, the NEW is acquired.  Thus, now more resources are available to sustain the development. 

Since the rate of the depletion of the resources shifts to a higher level, the curve of the sustainable development shifts to the higher side too as the SDPH2.  Curiously enough, having learnt from the pitfalls of the short-term run of the development, the mankind becomes wiser in the new situation and therefore makes more efficient and in a much efficient way the use of the NEW resources, thereby prolonging the life of the resources. This leads to the point of the maximum possible sustainable development shifting from ‘A' to ‘B'!

3. The Formula of the depletion or the resource-availability on a particular given point of the time in the future:

(i) Total depletion in future =

                                      Present Depletion (1+rate of depletion) time

                                   -----------------------------------------------------

                                                             100

(ii) Resource Availability = OR - Total depletion.

     Where OR = total reserves of exploitable resources

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