Sustainable development, broadly defined, is a process that improves people's lives while respecting the environment, based on bottom-up agendas and priorities. A sustainable development perspective has important implications for the governance of private investment. While for the investor the main concern is usually about generating commercial returns, for host countries and communities the main aim is (or should be) to mobilise assets and capabilities to promote sustainable development. Therefore, the quality of the investment, not just its quantity, matters a great deal.
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Categories: Community Engagement Practices