As stated in Our Common Future, or the Bruntland Report, from 1987: "Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs." Furthermore, it contains two key concepts: 1) "the concept of 'needs', in particular the essential needs of the world's poor, to which overriding priority should be given; and" 2) "the idea of limitations imposed by the state of technology and social organization on the environment's ability to meet present and future needs." According to the text goals of economic and social development must be defined in terms of sustainability in all countries, including both developed and developing countries. The concept was first popularized in the Brundtland Report and later became institutionalized with the creation of the Commission for Sustainable Development (see CSD). In short, sustainable development is to balance social, economic and environmental objectives or our needs of today with the needs of future generations.
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