Comparison between Economic Growth and Sustainable Development in Different-scaled Economies

The investigation deals with economic growth in emerging markets small economies in the historical context as well as peculiarities of ultra-small territories development and argues that due to the lack of resources these countries and regions acquired the characteristics of economic development sustainability. Nowadays in different scaled transitive economies – small and ultra-small resource–poor and large resource-rich countries contemporary economic growth could be reached via economic integration and due to the conversion into knowledge-based model of sustainable development. The peculiarity of resource-abundant countries economic growth lays in the rent capitalism specific mode of socio-economic governance. The latter depends on the institutional factors influence which increase in the period of financial crises. Innovational type of economic growth provides sustainability of economic development, effective usage and perfection of the factors of production labor, capital and scientific-technical and institutional progress – and determines national economy’s position in the world economy and international division of labor. Those countries which are lucky to create scientific-productive systems of the new technological pattern and reaches informational civilization stage become the centers of investment capital-inflows and new global leaders providing their economic, political, social security and sustainability. “...the power and influence of those states with innovational pattern, their international competitive strength and security are increasing” . Simultaneously ultra-small regions could reach sustainability as business (informational, communication., transport, logistics, erc) bridges between their larger neighbors.