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Journal: The Journal CONTEMPORARY ECONOMY (Vol.7, No. 3)

Publication Date:

Authors : ;

Page : 151-160

Keywords : sustainable development; economy; society; environment; ecology.;

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The article approaches new issues about the transition to sustainable development from the perspective of sustainable public procurement. Achieving sustainable development is one of the most urgent issues confronting all of the countries around the world. The goal is to ensure economic revival and, at the same time, to protect existing resources and the environment, taking account of the interests of future generations. Sustainable development also includes the stability of the main socio-economic and environmental indicators of economic system. At the same time, the sustainability of economic growth also presumes a set of conditions, factors and regulatory measures which provide the stability of final indicators due to economic balance. In this context, the authors point out on the fact that one of the most effective mechanisms for implementing sustainable development postulates at state level is through sustainable public procurement. Being the largest buyer on the market, the state is able to influence producers and consumers through public procurement and promote sustainable production and consumption. The practical implementation of sustainable procurement promotes the stimulation of green production, resources recycling, stimulation of the activity of small enterprises and the creation of new jobs. Thus, public procurement truly contributes to sustainable development.

Last modified: 2022-12-28 18:05:51