Development of Indicators of Sustainability of Economic Growth and Quality of Life
 
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1
Research Institute of Commerce and Sustainable Entrepreneurship, Faculty of Commerce, University of Economics in Bratislava, Slovak Republic
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Faculty of Commerce, University of Economics in Bratislava, Slovak Republic
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University of Zilina, Faculty of Operation and Economics of Transport and Communications, Slovak Republic
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Institute of Management, Industrial and Digital Engineering, Faculty of Mechanical Engineering, Technical University of Kosice, Slovak Republic
CORRESPONDING AUTHOR
Naqib Daneshjo   

Faculty of Commerce, University of Economics in Bratislava, Slovak Republic
Publication date: 2021-03-01
 
Ecol. Eng. Environ. Technol. 2021; 2:39–45
 
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ABSTRACT
In the past, the assessment of the level of socio-economic growth in the form of indicators was focused only on the economic indicators that did not reflect environmental, social, safety and other aspects and the related comprehensive quality of life in society. These shortcomings have become increasingly stronger in relation to the development of the concept of sustainable development and the principles of globalized markets. The paper analysed the development of indicators of economic growth in conjunction with the level of consumption of natural resources and energy, social well-being and the comprehensive quality of social life. The comparison of indicators was realised in relation to their overlap with the economic, social and environmental indicators of sustainable development and the possibilities of use for growth assessment under specific conditions of globalization and within standardized indicators from the OECD and UNEP level and in organizational practice in Slovakia.