Popular vacation destinations for STEPHEN F. AUSTIN STATE UNIVERSITY 818 surplus A surplus of shipped goods that exceeds demand should, in an unrestricted market, lower the price of such goods. sustainable development THE TERM, SUSTAINABLE development, was first mentioned in the World Conservation Strategy (1980), but the most famous definition stems from the report of the World Commission for Environment and Development, Our Common Future (1987) referring to development that meets the needs of the present without compromising the ability of future generations to meet their own needs. This definition can be considered as probably the best since it emphasizes all encompassing notions of the term or concept, the long-term perspective necessarily linked to it, as well as the aspect of inter-generational equity. It is further commonly understood that sustainable development aims to treat economic, social, and environmental concerns equally, while traditionally and still today, economic policies prevail without taking environmental and social aspects sufficiently into account. Other important aspects of sustainable development include technological developments, respect for human rights, peace endeavors or transparent and democratic decision-making processes. Finally, a sustainable development policy approach relates to an integrated and holistic approach, considering all policy fields and all stakeholders (also called the multi-stakeholder approach) with a view to give equal weight to all policies and stakeholders involved. Popular vacation destinations 2016.