Methodological basis of forecasting of sustainable development of economic system

Since the adoption of the Rio-Declaration in 1992 the concept of sustainable development is raising more and more awareness in public perception. The concept requires the integration of economic, environment and social considerations into all decision-making, fostering intra-generational equity through the alleviation of poverty by concentrating the benefits of development in lesser developed areas and considering the needs of future generations to ensure that inter-generated equity exists. The implementation of sustainable development concept requires certain means. One major instrument is forecasting of development by using sustainable development indicators. In this article the problems of methodological basis of forecasting of sustainable development of economic system are considered. The authors investigate these problems on an example of Republic of Kazakhstan. © 2004 IMACS. Published by Elsevier B.V. All rights reserved.