ECONOMIC MODELS OF TRANSITION TO SUSTAINABLE DEVELOPMENT: ANALYSIS OF SUCCESSFUL STRATEGIES IN WORLD PRACTICE

Abstract

This paper explores various economic models and strategies that have successfully facilitated transitions toward sustainable development in different regions around the world. By analyzing the mechanisms employed in these transitions, the study identifies key economic, policy, and institutional factors that contributed to success. The analysis spans different sectors, including energy, agriculture, and manufacturing, with a focus on green technologies, circular economy practices, and renewable energy integration. The paper also reviews international cooperation efforts, regulatory frameworks, and the role of innovation in driving sustainable growth. The findings suggest that a combination of public policy incentives, private sector engagement, and social inclusivity is crucial for achieving long-term sustainability. Case studies of countries such as Sweden, Germany, Costa Rica, and China illustrate the diversity of approaches and the lessons that can be drawn from them. The research contributes to a better understanding of the pathways and tools necessary for a global transition toward a sustainable economic model.