Step 1: Understanding the Concept:
Sustainable development is a central concept in modern development studies, environmental science, and international policy. It seeks to create a balance between economic progress, social equity, and environmental protection.
Step 2: Detailed Explanation:
The most widely accepted definition of sustainable development comes from the Brundtland Commission's 1987 report, "Our Common Future".
It defines sustainable development as:
"Development that meets the needs of the present without compromising the ability of future generations to meet their own needs."
This concept is built upon three core pillars:
1. Economic Sustainability: Ensuring long-term economic growth without negatively impacting the social and environmental aspects of the community.
2. Social Sustainability: Maintaining social equity, justice, and cultural diversity, ensuring that all people have access to basic necessities and a good quality of life.
3. Environmental Sustainability: Protecting the natural environment and ecosystems, and conserving natural resources for future generations.
Step 3: Final Answer:
Sustainable development is a model of development that aims to fulfill the needs of the current generation while ensuring that the resources and environment are preserved for future generations to meet their own needs.