Sustainable Business Growth Evidence from Developing Countries

Abstract

This article explores sustainable business growth in developing countries, addressing the critical challenges and potential of fostering economic development alongside environmental and social responsibility. With examples from various countries, the study examines strategies that contribute to sustainable growth, such as adopting eco-friendly technologies, responsible resource management, and investment in human capital. It also discusses the roles of government policies, international collaboration, and community engagement in supporting sustainability initiatives. Findings highlight the resilience of businesses that integrate sustainability, benefiting from reduced operational costs and increased competitiveness. However, challenges like limited access to financing, technology, and consistent regulatory support remain. The article concludes with recommendations to enhance sustainable business practices, suggesting measures like improved access to sustainable financing, strengthened policy frameworks, and increased consumer awareness. Ultimately, this work underscores the significance of sustainable business growth as a pathway to economic resilience, social equity, and environmental preservation in developing economies.