Sustainable Development as an Advantage and Obstacle for Global Automotive Industry

Abstract

The paper investigates how business costs affect sustainable development policies of world’s leading automotive producers. The core idea of the paper is to determine if business strategies have any effect on the three sustainable development pillars of world’s leading automotive producers. The analysis involves the period of 2006 – 2017 with world’s top 15 automotive producers from three different continents. In this paper, the use of fixed effects model will help in analyzing automotive producer’s efforts to achieve sustainable development goals with particular analysis of economic, environmental and social aspects of sustainable development in automotive industry. The result showed that economic pillar of sustainable development is more affected by business policy than other two, yet those not so strongly and significantly. This kind of research might contribute in conceptualizing new, efficient and effective business strategies for automotive producers in their attempt to achieve sustainable development goals as soon as possible

Implementation of the circular economy principles in the textile industry

“…Many companies that have been identified as polluters have had to change their business strategies and apply the principles of sustainable development in accordance with environmental legislation (Radukić, Perović & Petrović-Ranđelović, 2019). Some authors explore how business strategies can help companies to capitalize on the opportunities of the ECONOMICS OF SUSTAINABLE DEVELOPMENT http://www.ekonomika.org.rs circular economy.…”