[1] Sustainability is therefore highly relevant for our generation, as well as for generations to come, and redefining the concept of growth in a sustainability context will be crucial for our future path. Under conditions of depletion of natural resources worldwide, a focus on more efficient use and minimisation of waste emerges as the only and urgent option.
•  But Austrian economic policymakers accomplished another important step in the past decades when they succeeded in opening up Austria's markets and in subjecting the economy to international competition. Nevertheless, in Austria government intervention efforts remained strong far into the 1980s and even 1990s, when other Western nations had already scaled back state intervention.