Economic Sustainability And Economic Development

Put simply, sustainability refers to systems and processes that are able to operate independently over long periods of time (Robertson 2014). Sustainability in terms of development means the maintenance of development over an extended period of time (Elliot 1999). Discussions about sustainability often refer to an idea called the “triple bottom line”, sometimes referred to as the three pillars of sustainability or the “three E’s” (Elkington 2012). The first ‘E’ represents environment and is concerned with the preservation and restoration of the health living systems. The second ‘E’ stands for economy and relates to even distribution of resources over the long term, with each individual being

The environment is among some of the top issues to be looked upon by the human population in the world today. Sustainability is a word often times used when speaking of this subject. This is a concept represented in the articles “Sustainability” by Christian R. Weisser and “Attention Whole Foods Shoppers” by Robert Paarlberg. Each author addresses the issue in different ways; one giving examples of this issue and the other clearly defining it. Each author is writing to spread awareness of this issue. As overlapping topics, each article has similarities and differences to the other.

Sustainability relates to the ongoing capacity of Earth to maintain all life, which means developing ways to ensure that all resources on Earth are used and managed responsibly so they can be maintained for future generations.

The message of the Millennium Ecosystem Assessment’s Governing Board is that human impacts on this resilient natural world are so unprecedented and extensive that we crossed the line into unsustainable consumption some time ago and are now depleting ecosystem capital stock instead of living off its sustainable goods and services.

Instead of focusing on the individual, “ecological economics invites us to picture ourselves not as isolated individuals but as housemates” (McFague 132). This model has two goals striving for sustainability and distributive justice which will allow for the earth’s resources to be sustained for future generations. McFague feels that the ecological economic system will provide an efficient system that will suit and support the needs of the world.

The concept of sustainability is about the capacity of the environment to continue to support our lives and the lives of other living creatures into the future. There are a number of programs to restore the river to maintain communities, fisheries and navigation, to ensure long-term sustainability.

The definition of sustainability is the ability to support a long term ecological balance while not harming the environment or depleting its natural resources. According to Robert Goodland and his essay “The Case that the world has reached limits” the world is currently being run unsustainably, “being fueled by inherited fossil fuels is the best single example” (Goodland 602). Fossil fuels are non renewable gases and oils and we are using them to provide 60 percent of the global energy, because of the extensive usage of these nonrenewable fossil fuels, we barely have fifteen years left of reserves. Goodland uses his essay to build on Brundtland’s leads to gain and maintain sustainability, claiming that we need a “new era of economic growth” to meet the needs of sustainability (Goodland 602). Goodland

So what is sustainability? It is the quality of not being harmful to the environment or depleting natural resources, and thereby supporting long-term ecological balance.

Government intervention corrects market failure resulting in environmental sustainability and improved accessibility to services. Goods or services with negative externalities are market failures because the operation of the price mechanism

Economic analysis that weighs all costs and benefits of a particular model must include environmental considerations. That is to say, the potential for short-term economic losses caused by conservation in the present, should be measured against the dividends that conservation will pay in the future (Nordhaus, 2007). If the earth is truly our most valuable commodity, then analysis under these conditions should recognize that if a “dollar value” were placed on environmental sustainability, more often than not it would outweigh any initial monetary loss resultant of the implementation of more sustainable practices.

Governments, environmental agencies, and corporations alike have utilized the term “sustainability” in order to convey their respective agendas for general sustainability in environmental, social, and economic realms. In spite of their initiatives, there has yet to be a generally agreed upon, uniform definition for “sustainability.” This lack of semantic clarity has promoted skepticism among some parties, skepticism primarily focused in the legitimacy of sustainability agendas, as well as the idea of sustainability in itself (Context & Development, 1992). This essay seeks to inspect the concepts of sustainability generated by two

The term sustainability is one that been conceptualized since the early civilizations of humans inhabited the earth. During those primative times, everything that allowed civilizations to thrive came from the earth. Humans during those times were more more in touch with their reliance on the environment. In today's society, the reliance on our natural environment seems much further away due to our insulation from modern conveniences. Nevertheless, this conception could not be further from the truth; we are more reliant now on the world's renewable resources than ever before.

Sustainability to me is a systems ability to continue to operate using its own resources. Most often this word seems to be used when discussing the environment. For example, soil sustainability. Modern farming techniques are literally sucking the nutrients out of our soil. The second law of thermodynamic states energy is neither created or destroyed in a system. Specifically, an isolated system such as our planet. There is and was a certain amount of energy in every field. When that energy is gone its gone until replenished. This can happen by organic matter decomposing on it, rain can bring nutrients, etc. The point I’m getting at is or planet cannot be abused. The things we have are limited. (I just wanted to add nothing in this paragraph was taken from any citable sources. This information has been learned during my time in science courses. I only added this so there was no confusion about plagiarism).

The environmental aspect of sustainability is all about preservation and reconstruction. It’s being careful how much we take and when we take it. After the effects of the Industrial Revolution were fully realized humans seemed to grasp that we are, in fact, not the masters of the natural world. We noticed things like global warming, habitat

Every living being are directly or indirectly depend on natural environment. Sustainability helps to balance financial, social, and environmental factors to facilitate responsible business decision making over the immediate and long term. . Sustainability refers to meeting the needs of present generation without compromising the ability of future generations to meet their own needs (Oxford University press 1987, p.43). Sustainability is also being protective and aware of use of natural resources and development that meets the need of present and everything that is need for our survival and well being depends, directly or indirectly on our natural environment. According to Environmental Protection Agency (EPA) Sustainability is