INTERNATIONAL EXPERIENCE IN CREATING SUSTAINABLE FUTURE WITH THE HELP OF FINANCIALTOOLS AND MECHANISMS
2015-03-06
DIANA GARLYTSKA, Lecturer and researcher, SMK University of Applied Social Sciences
KEY WORDS: sustainable development, financial tools and mechanisms, international environmental finance
Summary
Over the past few decades, the term globalization began to be considered by scientists no longer as the trend of the global community’s development, but rather as consuming process that has a complex nature of motivation and both positive and negative effects on all, without exception, spheres of human activity and development of the world economy in particular. As any process, globalization has both positive and negative impact on global growth and development. Thus, the negative effects of globalization have led to what is called “global issues” of nowadays. Global issues are common problems, which are affecting the interests of humanity and every individual. They can be fought or minimized with the help of financial tools and mechanisms that are aimed to provide sustainable development. The practical application of such financial tools and mechanisms is analyses is this article and presented as an overview on and presented as an overview on international experience in creating sustainable future with the help of financial tools and mechanisms.