ABSTRACT
Sustainable development referred to "development that meets the needs of the present without compromising the ability of future generations to meet their own needs". Sustainable development requires that priority be given to maintaining the value of renewable resources and ecosystems more generally. The Stockholm conference was limited in its effectiveness because environmental protection and the need for development were seen as competing needs and thus were dealt with in a separate, uncoordinated fashion. Evidence to the contrary has not dispelled the perception that the environment is a luxury good that can be demanded as incomes rise with economic growth. The governments of many countries, particularly those associated with the Organization for Economic Cooperation and Development (OECD), have adopted many of the international standards for sustainable development in their national strategies and practices. The main principles of good practices recognized by the UN and OECD include: policy integration, intergenerational timeframe, stakeholder participation, monitoring and evaluation, and coordination and institutions.
