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Sustainable development

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History of Economic Ideas

Definition

Sustainable development refers to a model of growth that meets the needs of the present without compromising the ability of future generations to meet their own needs. It emphasizes a balanced approach that integrates economic growth, social inclusion, and environmental protection, ensuring long-term prosperity while maintaining the health of our planet. This concept is crucial for addressing the challenges posed by globalization and environmental degradation, pushing for solutions that are equitable and environmentally sound.

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5 Must Know Facts For Your Next Test

  1. The concept of sustainable development gained widespread attention with the 1987 Brundtland Report, which defined it in terms of meeting present needs without harming future generations.
  2. Sustainable development integrates three core components: economic growth, social inclusion, and environmental sustainability, often referred to as the 'triple bottom line.'
  3. Globalization presents both opportunities and challenges for sustainable development, as it can enhance economic growth but also lead to increased environmental degradation if not managed properly.
  4. Key goals of sustainable development include reducing poverty, promoting education, ensuring gender equality, and combating climate change through responsible resource management.
  5. International agreements like the Paris Agreement and the United Nations Sustainable Development Goals (SDGs) emphasize the global commitment to achieving sustainable development by addressing pressing social and environmental issues.

Review Questions

  • How does sustainable development balance economic growth with environmental protection?
    • Sustainable development seeks to balance economic growth with environmental protection by promoting practices that drive economic prosperity while minimizing ecological harm. This includes investing in clean technologies, encouraging sustainable agriculture, and prioritizing renewable resources over fossil fuels. By integrating economic strategies that consider environmental impacts, sustainable development aims to create a resilient economy that can thrive without depleting natural resources.
  • Discuss the role of globalization in shaping sustainable development policies worldwide.
    • Globalization plays a significant role in shaping sustainable development policies by facilitating the exchange of ideas, technology, and practices across borders. While it can boost economic growth and provide new markets for sustainable products, it can also exacerbate inequalities and lead to environmental challenges if unchecked. Effective sustainable development policies must consider these global interactions and promote cooperation among nations to address shared challenges like climate change and resource scarcity.
  • Evaluate the effectiveness of international frameworks like the UN SDGs in promoting sustainable development across different countries.
    • The UN Sustainable Development Goals (SDGs) provide a comprehensive framework aimed at addressing global challenges related to poverty, inequality, and climate change. Their effectiveness can be evaluated based on how well countries adapt these goals to their specific contexts while fostering inclusive participation from various stakeholders. Successful implementation often hinges on strong governance, local engagement, and adequate financing; however, disparities in resources and political will can hinder progress. Ultimately, while international frameworks like the SDGs are vital for guiding efforts toward sustainability, their success relies on concerted action at all levels—from local communities to national governments.

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