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Sustainable Development at the Frames of the Strategy “Europe 2020”

The environmental protection and the sustainable 
development, the growth that takes place in parallel and equal promotion of the 
economy, the society and the environment are now identified necessities and 
important priorities of the international community. The sustainable development 
in accordance to the Strategy of “Europe 2020” provides the ability to use 
technological and scientific achievements in such a way as to create 
alternative political proposals to ensure increased productivity, efficiency, 
social consistency and of course, the prudent management of natural resources. 
This research aims to explain the importance of the implementation of the 
sustainability/sustainable development/growth and how it is linked to EU’s 
development in some areas (economy, environment). It was created a specific 
thematic index concerning the sustainable development, to ascertain how various 
macroeconomic variables and variables related to the environmental growth 
affect it. Based on the index of “Europe 
2020”, the way was developed by Pasimeni (2011), in order to quantify and measure 
the progress of the EE28 countries. The analysis of the performance of each 
country member of the EU, in the frames of this strategy, as 
far as concerned their economic and environmental conditions, but also, the 
development of a methodological framework for the measurement of their benefits 
through the creation of a panel data model regression, are the objects of 
interest of this paper. The results showed the deviation of the countries of 
their goals set by 2020, concluding that institutional factors influence the 
course of an economy more than macroeconomic factors do.