Global Economic And Environmental Sustainability - 1989 Words

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 gener ations. 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,Show MoreRelatedEffective Governance And Sustainability : An Definition Of Sustainable Development1398 Words   |  6 PagesEffective governance and sustainability are increasingly important considerations for governments, organizations, business leaders, investors, consumers and many other stakeholders throughout the world. Good corporate governance and complexity of sustainable development demands for global cooperation, based mainly on joint co-ordination of strategies and adopting of the best decisions. 1.1 Definition of sustainable Development: the term sustainable development was popularized in our common futureRead MorePuma Corporation s Integrative Managerial Issues Regarding Social Responsibility Essay1213 Words   |  5 PagesResponsibility During the 1960’s, the definition of corporate social responsibility expanded as social activists began to question the typical â€Å"economic obligations† mentality, which focused on the singular economic objective of business. Nowadays, society expects much more out of businesses and corporations. Business firms are expected to go beyond their legal and economic obligations and act in ways that are beneficial to society. Businesses today are held to a much higher moral standard, and must be ableRead MoreSustainability And The Current Global Development Model1680 Words   |  7 PagesUnited Nations Panel on Global sustainability in January 2012, which encourages sustainable actions. Moreover, this report advises people to use their human rights to pursue sustainability and encourages governments to take the proper initiatives to resolve current day issues. Currently, social issues such as, poverty, deforestation, global hunger, and climate changes are all leading fac tors of our failing environment. This report along with other sources portray sustainability as a social solutionRead MorePrison Industrial Complex And Its Interrelationships1734 Words   |  7 Pagespolicing which is meant to reduce the rebellions which occur and also maintain order which can be generated by the most dangerous people in the society. In pursuit of securing the urban areas, there have been changes in the social relations, the economic and cultural importance. All these have made changes in the American law enforcement agencies and correction facilities which has led to zero tolerance revolutions. According to Sudbury (2005), the relationship existing in urban fears, the politicsRead MoreSwot Analysis : Cob Skoda Packet 14 Supply The Environment1217 Words   |  5 Pagescob Skoda Packet 14 Supply the Environment (A Solution to Timothy Smith’s, Climate Change: Corporate Sustainability in the Supply Chain) The global supply chain delivers goods to consumers in a complex system designed around speed and efficiency. This dynamic network is becoming stressed as the transfer paths and production of materials grow globally. Anna Nagurney a professor at the University of Massachusetts Amherst, confirms, â€Å"Added stress can wreck local and national economies. The entire worldRead MoreSustainability Is The Continuance Of A Defined Behavior1625 Words   |  7 Pages Sustainability is the continuance of a defined behavior or action with the ability to maintain a balance of what and how that specific behavior is being completed (Business Dictionary, 17). As this definition is general, we can apply it using a qualitative breakdown of its importance to biology and ecology. The importance of sustainability in biology and ecology is to ensure that the relationship in which we utilize our natural resources does not surpass the Earth’s abilities to produce those materialsRead MoreEconomic Sustainability And The Problems Facing The Global Population Of A Large Scale Than Regular Human Choice1369 Words   |  6 Pagesdriven by economic considerations leading humans to be considered as economically rational. Which option will provide us with the most net benefit either in the long or short term. However, these choices are not always the right choice. Economics is the study of these choices but in the context of this essay it is on a larger scale than regular human choice. This essay aims at discussing the importance of economic sustainability and whether or not it is compatible with ecological sustainability throughRead MoreCoca Sustainability1185 Words à ‚  |  5 PagesReview of the 2014/15 Coca Cola Sustainability Report Part 1 – Report Analysis 1. Coca Cola’s sustainability strategy is aligned rather than being just an afterthought. That is, the sustainability strategy is effectively aligned with the company’s strategic objective. As Coca Cola endeavors to refresh the world, the company and its local bottling partners strive at creating new value for their customers. The management is also committed not only on effectively implementing the strategy, butRead MoreThe Sustainability Strategy of Virgin Groups Corporate1497 Words   |  6 Pagesand society in general have combined to make sustainability a mainstream issue. â€Å"The goal of sustainable development is to meet the needs of the present without compromising the ability of future generations to meet their own needs.† (G3.1 Guidelines, 2011, p4) This study report on a survey of the Virgin Groups sustainability report that summarize the Virgin companies’ sustainability strategy, evaluating the sustainability report based on the Global Reporting Initiative (GRI) principle, to commentRead MoreSustainable Growth and Economic Development1094 Words   |  5 PagesEconomic growth has been used with other terms such as development, modernization, westernization and industrialization. It is, in other words, a transition from a simple, low-income economy to a modern, high- income economy. Its scope includes the process and policies by which a nation improves the economic, political, and social well-being of its people. Though it is often measured by rate of change of gross domestic product, it is generally understood in terms of increase in per capita income