Economic Approach And Sustainable Development

The most commonly used definition of sustainable development is still that given in the report of the World Commission on Environment and Development (1987), i.e. sustainable development is ‘a process to meet the needs of the present without compromising the ability of future generations to meet their own needs.’ Sustainable development is therefore about creating a better life for all people in ways that will be as viable in the future as they are at present. In other words, sustainable development is based on principles of sound husbandry of the world’s resources, and on equity in the way those resources are used and in the way in which the benefits obtained from them are distributed (Making Tourism More Sustainable, 2005).

Sustainable Development is a term, which is defined as the development that caters sustainability of the present environment in order to meet its needs and at the same time, ensures that the present development would not in any way harm the future environment for the future generations (Bartelmus, 2011). In the year 1987, the World Commission on Environment and Development published a report that concentrated on dealing with the issues related to

Sustainable development is defined as 'development that meets the needs of the present without compromising the ability of future generations to meet their own needs' (Brundtland Report, 1987). Essentially, sustainable development advocates the wise use and conservation of resources in order to maintain their long-term viability (Eber, 1992, p. 1).

Sustainable development is defined as “Development that meets the needs of the present generations without compromising the ability of future generations to meet their own needs” (IISD, par. 1 ).

Assess the view that economic development is not possible without causing environmental degradation – 15 marks.

The ideas continued to develop and by the 1970s there was a realization that “progress” had provided an excuse for “the reign of the free market, for colonial exploitation of non-Western societies, and for ravaging the biosphere”. (Du Pisani, 2007) In 1983 the World Commission on Environment and Development (WCED) addressed these issues and four years later they released The Brundtland Report. It centres around the interests and needs of humankind and argues for global equity for future generations by encouraging economic growth in poorer nations. It also argues that social equity, economic growth and environmental maintenance are all possible and core elements of the practice of SD. It also offers a definition of SD that has achieved widespread recognition.

Environmental issues can be difficult to resolve. With many different sources and countless resulting effects, it can be a challenge to pinpoint the best solution to fix the issue. Once it has been brought to the attention of decision makers, one must choose a perspective from which they will analyze the problem. Will they look at it from an anthropocentric point of view, in which first & foremost, people’s interests are taken into account? Or will they analyze it from an ecocentric perspective in which the current state and developing future of the environment is the first priority? Once this has been decided, they must then choose who will manage the process of resolving the issue. This leads to my topic for this paper which will be discussed

The environmental movement has drastically changed over the last few decades, encompassing science, political activism and our social conscience. It is one of the fastest growing political and social movements in the world. Since the mid 1970s, this international movement has engaged the global community indluding many countries, the business world, media, and non-governmental organizations, all who have pushed for increased regulations and compliance towards protecting the environment. Nations within and outside of the UN have been pressured into pursuing a more sustainable future.Our ability to adapt, as well as to compromise, will direct the result of how we will survive in the future. States will have to cooperate and understand problems other nations are facing, and be able to commit to wanting a sustainable earth. Environmental norms are changing due to the overwhelming social push to reduce global warming, causing people to bandwagon to fight for environmental sustainability. Unfortunately, the motives for this movement are not always clear. While citizens of developed countries appear to have the right justifications for saving our planet and are attempting to address, global warming resulting in climate change, this heated political issue has provided NGO’s, governments (state actors) and corporations a platform to demonstrate interest in social issues, but also an opportunity to capitalize of for their own financial or political gain.

Sustainability planning should be made on the local, national and international levels. We need to be able to utilize our economic and natural resources in a way that will enhance

It is very important to note the qualitative changes that accompanies every economic growth which includes changes in the arrangements of the working environment, power structures and our relationship with the natural environment which have always generated a lot of resistance.

Since 1940, the world population has nearly tripled. With this nearly exponential growth in population came a major growth in economic and financial activity that is increasingly more global and complex (Ayres et al., 2013). To compensate for this growth in population and economic and financial activity, the use of natural resources has risen at a similar rate. Although continuous economic growth is the primary goal of an economy, the finite amount of resources constrained by the capabilities of the ecosphere makes continuous exponential economic and population growth impossible. Currently, resources are being extracted and used at an unsustainable rate. This overuse of resources has led to problems such as deforestation, loss of biodiversity, and the depletion of the richest reserves of nonrenewable energy resources (Brown et al., 2014). This problem, if left undiscussed by global economic and environmental policymakers, will lead to immense consequences for current and future generations. The key issue hindering this discussion is the debate on the best strategy to retain a viable level of economic growth while managing environmental sustainability. In other words, what development can be executed to solve the current economic and environmental problems without threatening the capabilities of future generations? Although the specifics of this question are disputed, the general consensus is that in order to maintain sustainable economic growth and a supportive environment,

After Brundtland Report, the term "Sustainable development" gained popularity and mainstream use (Brundtland, 1987). Sustainable development preaches that socio-economic-ecological progresses are concomitantly attainable within

Urbanization, which is becoming a buzzword during the last few decades, is enlarging at a booming speed. It is predicted that 93 percents urban growth will occur to the year 2020, in the developing world (Elliot J.A, 1999). Generally speaking, more than half of the people around the world have been moved to cities, which led to a series of “matters” connected with people’s life that changed in a dramatical way. In this period, sustainable development, another buzzword during the past few years, came into people’s view and gradually became the mainstream of society development. Its definition is to make the development continue in a long term, which means allowing appropriate economic growth and industrialization without

Environmental economics also covers the importance of the geographical location and the value that natural resource has for the culture and population. To make sure we involve everyone in the management of the environment and the output of the use, public notice have to be in place to include everyone’s participation and voice for to make this issue as ethical as possible. For example, if we want to use an area to produce oil and gas, we have to be able to analyze the impact this practice will have in the area, population, and the

The concept of sustainable development has become a major topic among intellectuals from various fields. Sustainable development has gone through various changes in its definitions and at present does not have a commonly accepted definition. The origination of the concept of sustainable development is debatable. In 1974 at a conference on Science and Technology for Human Development by the World Council of Churches the concept of a “sustainable society” is believed to have been first noted. This early concept focused on equitable distribution of scarce resources and the need for democratic decision making. In 1980 the currently used term of sustainable development emerged in the