GREEN ECONOMY AND SUSTAINABLE ECONOMIC GROWTH IN THE ERA OF GLOBALIZATION

Abstract

This literature research aims to review and synthesize various literature and studies related to the green economy and its impact on the sustainability of global economic growth. This research adopts a descriptive-analytical research methodology by examining secondary data consisting of international journals, institutional reports, and selected case studies to explore the principles, strategies, and implications of the green economy in the context of globalization. The research results show that implementing a green economy has significant potential to not only overcome environmental problems such as climate change, resource degradation and ecosystem damage, but also to strengthen the foundations of more resilient and sustainable economic growth. Through environmentally friendly technological innovation, resource efficiency and green industrial development, the green economy offers a pathway to more inclusive economic growth by providing employment opportunities and reducing inequality. However, there are various challenges in implementing a green economy, including the need for large initial investments, supportive policies and regulations, and stronger international collaboration. This research finds that a successful transition to a green economy requires strong political commitment, smart policy adaptation, and multilateral cooperation between countries. By underlining the importance of the green economy in the context of the globalization era, this research suggests that strategic steps and future-oriented policies are needed to facilitate the global transition towards greener and more sustainable economic development. In line with the UN's Sustainable Development goals, collective efforts on a global scale are essential to address today's environmental and economic challenges and support future generations.