The Major Determinants of Sustainable Development in Selected Pacific, East and West Asian Countries

Abstract

Sustainable development is a Controversial concept which has been considered over the three decades. It is comprehensive development and includes all of dimensions as â economicâ â , â socialâ â and â â environmentalâ â . In economic objective, it requires substantial economic change that can be brought about by investment and trade. They are effective factors of sustainable development for all countries. This paper provides useful information of these issues. We analyze the relationships between trade, investment and sustainable. Using the average of annual time series data from 1990 to 2009, we apply Analytical Hierarchy Process (AHP) to countries classification. The results indicated that economic factors are key criteria to achieve sustainable development while China has the highest priority among the selected countries.JEL Classification: C6, F1, F21, Q01Â