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Sustainable Development

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Business Ethics in Biotechnology

Definition

Sustainable development is a holistic approach to economic growth that seeks to balance the needs of the present without compromising the ability of future generations to meet their own needs. It emphasizes environmental preservation, social equity, and economic viability, making it essential in discussions about resource use and conservation. This concept connects deeply with issues of biopiracy and bioprospecting, as these practices can either support or undermine sustainable practices depending on how they are conducted.

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5 Must Know Facts For Your Next Test

  1. Sustainable development encourages the use of renewable resources while minimizing waste and environmental impact.
  2. It aims for a just distribution of resources, ensuring that all communities benefit from economic activities, especially marginalized ones.
  3. In the context of bioprospecting, sustainable development promotes fair trade practices that respect local communities' rights and knowledge.
  4. Sustainable development requires collaboration among governments, businesses, and local communities to create policies that protect natural resources.
  5. The concept includes principles such as intergenerational equity, where decisions today should not adversely affect future generations' ability to thrive.

Review Questions

  • How does sustainable development relate to bioprospecting practices in terms of resource use?
    • Sustainable development is closely linked to bioprospecting because it advocates for the responsible use of biological resources. When bioprospecting is conducted sustainably, it ensures that resources are used in a way that does not deplete them for future generations. Additionally, it supports local communities by recognizing their contributions and providing fair compensation, aligning with the principles of equitable resource distribution inherent in sustainable development.
  • Discuss the ethical implications of biopiracy within the framework of sustainable development.
    • Biopiracy poses significant ethical challenges within the framework of sustainable development by undermining its core principles. When companies exploit indigenous knowledge and biological resources without consent or fair compensation, they violate the rights of local communities and jeopardize biodiversity. This exploitation conflicts with the goals of sustainable development, which seeks to balance economic growth with environmental protection and social equity. Addressing biopiracy through robust legal frameworks can help uphold ethical standards necessary for achieving sustainable practices.
  • Evaluate the role of sustainable development in shaping policies regarding bioprospecting and biopiracy on a global scale.
    • Sustainable development plays a crucial role in shaping global policies around bioprospecting and biopiracy by providing a framework for ethical resource management. It encourages countries to implement regulations that ensure equitable access to genetic resources and respect for indigenous knowledge. By promoting international agreements like the Convention on Biological Diversity, sustainable development fosters cooperation among nations to combat biopiracy while ensuring that bioprospecting efforts contribute positively to conservation goals and local community welfare. This alignment can drive more responsible practices that benefit both society and the environment.

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