100 word Background of a research How Potential conflicts between economic development and sustainable practices in the era of globalisation related to sustainability transitions and transformations the Sustainable Development Goals) with in-text referen

In the age of globalisation, economic development and sustainability practices often conflict with one another, as economic development is often seen as more cost- contrary to sustainability practices that require significant up-front investments and may not generate immediate returns. Despite the rising trend of green technologies and the implementation of international frameworks, such as the Sustainable Development Goals (SDGs), achieving real sustainability transformation has not been easy. This is due to the complicated relationship between long-term sustainability outcomes and short-term economic gains. Therefore, to understand potential conflicts and challenges between economic development and sustainable practices, a comprehensive view of the respective strategies and transformations that exist is necessary. The combination of empirical research and theoretical insights from the field of sustainability transitions and transformations provide valuable perspectives on the mutual interplay of economic development and sustainable practices in the evolving global economic context (Uddin, 2019). Meanwhile, the SDGs, a global action plan for People, Planet and Prosperity adopted by all UN member states in 2015, aim to provide guidelines for governments to achieve sustainable development (UNESCO, 2020). By assessing the integration of economic development and sustainability practices both in policy and in practice, it is possible to gain enhanced insights into the key drivers of sustainable development within the context of globalisation. References: Uddin, S. (2019). Sustainable transition and transformation in the 21st century: An introduction. Burlington, VT: Ashgate Publishing Limited. UNESCO. (2020). About the Sustainable Development Goals. Retrieved 19 December 2020 from: https://en.unesco.org/news/about-sustainable-development-goals Update (2023-11-19): The concept of sustainable development has been coined due to rising global economic disparities and environmental degradation. With all countries practising a global economic policy of liberalisation, privatisation and deregulation, the balance between economic development and sustainability is being put to test. In the current context of globalisation, the challenges arise from the speed of development, the sheer spread of production and the pressure to adjust to global standards (Hoffmann-Bier & Krèrehn, 2019). This produces a complex web of competing interests between economic development and environmental protection, where both goals must be advanced and financial, environmental and social costs need to be considered. The concept of sustainable development seeks to identify and address the issues of resource exploitation and environmental pollution that are often caused by rapid economic development (Organisation for Economic Co-operation & Development, 2020). By investing in initiatives such as green technology, renewable energy, environmental protection and conservation programmes, countries can strive to achieve both economic growth and environmental sustainability. Examining current policy initiatives, it is clear that some countries are actively striving to understand the complexities of the trade-off between economic development and sustainability. India, for instance, has launched its own Clean India Mission, to promote the integration of renewable energy sources into its energy grid while supporting green practices and initiatives (Clean India Mission, 2020). Similarly, the European Union has implemented the Sustainable Development Plan which aims to promote sustainable economic growth and development (Lucchetti et al., 2020). While the conflict between economic development and sustainable practices has not reached a definitive answer as of yet, the steps taken by countries to develop potential solutions provides cause for hope. However, determining the perfect balance between economic development and sustainability is likely to vary according to national contexts, resources and objectives. Ultimately, the impacts of globalisation on sustainable practices and economic development must be further studied to truly understand how each region should address the relationship between these two goals (Hagemeier et al., 2021). References: Clean India Mission. (2020). Our Mission - Swachh Bharat Mission. Retrieved from https://swachhbharat.ndmc.gov.in/our-mission/ Hagemeier, B., Schroeer, S., Leroy, P., Leite, S., Brenner, T., & Schudde, H. (2021). Sustainable economic growth and development: A review of the policy interfaces. Journal of Cleaner Production, 286. Hoffmann-Bier, C., & Krèrehn, J. (2019). Sustainable development: A tool to fight global poverty and to reverse environmental degradation? International Review of Economics, 66(3), 349-368. Lucchetti, A., Garzón, F. T., Muñoz, C., & Angulo, M. (2020). The EU sustainable development plan and the right to development: A case study. International Review of Economics, 67(2), 245-264. Organisation for Economic Co-operation & Development. (2020). Sustainable Development. Retrieved from www.oecd.org/sustainability/