The socio-economic aspects of the sustainable development concept
Summary
The concept of sustainable development, which envisions the balanced advancement of economic, social, and environmental dimensions and encompasses the Sustainable Development Goals (SDGs), plays a pivotal role in shaping modern societal progress. Defined by the United Nations, the socio-economic dimensions of this concept involve key issues such as poverty alleviation, the promotion of social equity, and the support of inclusive economic growth. This paper examines the theoretical foundations of sustainable development and offers an in-depth analysis of its social and economic components. Furthermore, the study explores the role of sustainable development in fostering socio-economic advancement in the Republic of Azerbaijan, highlighting relevant government initiatives and presenting statistical data that reflect the current socio-economic landscape. Based on this data, the existing conditions are assessed, and policy recommendations for future development are proposed.