Introduction: The overall aim of this case study is to stress the importance of long-term perspectives (as a principle of sustainable development) in financial markets, and to try to identify barriers thereof and opportunities to overcome these barriers. Thus, the study highlights principles related to long-term thinking within sustainable development and, furthermore, explains the rationale of short-term oriented thinking by actors in financial markets.
Explaining different time perspectives: Sustainable development and financial markets
When considering the logic of time horizons understood by today’s financial capital markets within the topic of sustainable development, two contradictory views clash together. Some key assumptions on sustainable development and financial capital markets outlined by Schmidheiny & Zorraquin (1996) illustrate the deep changes that have to be made so that financial markets encourage rather than discourage sustainable development..
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