Global Sustainability and Economics: The Changing Landscape Markets
Submitted By: AKSHAT SONI
Admission no. 22GSOB1010462
UNDER THE GUIDANCE OF:
DR. SHAIVYA SINGH
BACHELORS OF BUSINESS ADMINISTRATION
School of Business, Galgotias University
BBA 2022-2025
Abstract
The global economic landscape is undergoing a significant transformation as sustainability emerges as a central pillar of long-term viability and strategic decision-making. This thesis examines the evolving interrelationship between sustainability and economics, focusing on how global markets are adapting to environmental, social, and governance (ESG) imperatives. Through a mixed-methods research approach—combining stakeholder interviews, surveys, and a critical literature review—this study explores how businesses, policymakers, and investors are rethinking conventional economic models in response to climate change, resource scarcity, and shifting consumer expectations.
The analysis is grounded in key theoretical frameworks such as ecological economics (Costanza et al., 1997), stakeholder theory (Freeman, 1984), and the sustainable development paradigm articulated by the United Nations (UN, 2015). These models provide a foundation for understanding how sustainability is being integrated into economic planning, investment strategies, and corporate governance. The growing influence of ESG factors on financial performance and market behavior is also a focal point, supported by meta-analytic evidence demonstrating a positive link between sustainability performance and financial returns (Friede, Busch, & Bassen, 2015).
In the face of accelerating technological innovation, geopolitical uncertainty, and tightening environmental regulations, markets are no longer driven solely by profit maximization. Instead, the economic success of organizations increasingly depends on their ability to manage environmental risks, foster social equity, and innovate for low-carbon futures. This research aims to contribute to the academic and practical discourse by offering empirical insights and strategic recommendations for integrating sustainability into global economic systems.
