Market Economy and Sustainable Development: Example of Japan
Market Economy and Sustainable Development: Example of Japan

Author(s): Marijana Maksimović, Neven V. Cvetićanin
Subject(s): Economy, National Economy, Socio-Economic Research
Published by: Институт друштвених наука
Keywords: Sustainable development goals; United Nations; The role of the state; Japan; Toyota
Summary/Abstract: The attitude of market economies towards environmental protection is in line with the definition, goals and principles of sustainable development prescribed by the United Nations. Each country includes areas such as preserving peace, reducing economic inequalities and poverty, increasing innovation, as well as reducing waste and the risk of climate change in its green economy strategies. This should provide future generations with a healthier and better working and living environment. There is growing talk of a strong industrial policy, based on the knowledge society, digitalization, competition and sustainable consumption with the intention of reducing industrial pollution and industrial waste management. The country that has consistently worked on respecting green goals and principles is Japan. The most striking example of aligning the United Nations Sustainable Development Goals for 2030 (SGS) with a company’s sustainable development goals is Toyota. This company sees sustainable development as a part of its mission, in the development and production of cars, but also as a model of global, market and social sustainability.

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