Sustainable Development and the Sustainability of Socioeconomic Systems

Abstract

The management of socioeconomic systems should be based on the universal laws of evolution and development. We need to discuss and create a framework for better understanding the theory of development, sustainability, and the sustainable development. To solve this problem, it is necessary to study several theoretical approaches from which we alter the terminology and some relevant methodological aspects. The contribution and implications of this research are to expand the existing theories of development in order to create the scientific basis for future studies. The study demonstrates the laws and tendencies of development and attempts to define the stage of development, shedding light on a new way to manage systems more effectively, helping to foresee future scenarios, and to prevent the negative circumstances the result from crises. Moreover, the proposed approach may facilitate focusing on the future and on innovation, instead of on vain attempts to preserve an imaginary stability.