THE EFFECTS OF GREEN ECONOMY IMPLEMENTATION ON ECONOMIC GROWTH IN DEVELOPING COUNTRIES

Аннотация

Many developing countries face the twin challenge of accelerating economic growth while addressing environmental degradation, climate change, and resource constraints. The concept of the “green economy” — broadly defined as an economic system that seeks to promote growth and development while ensuring environmental sustainability, resource efficiency, and social inclusion — has gained prominence as a potential pathway. Yet an open question remains: to what extent does the transition to a green economy contribute positively to economic growth in developing countries, and under what conditions? Some scholars suggest that green growth helps decouple economic expansion from environmental harm, while others caution that in low-income contexts, the benefits may be limited or delayed. This article aims to review the relevant literature, analyze empirical evidence on the relationship between green economy or green growth implementation and economic development in developing countries, and discuss key enablers, barriers, and policy implications.