3.1 Global Trends in Consumption Flashcards
Biocapacity
Capacity of a given area to generate on ongoing supply of renewable supply of renewable resources and to absorb it waste
Food security
The “availability and access. to sufficient, safe, and nutritious food to meet the dietary needs and food preferences for an active and healthy life.”
Virtual (or embedded water)
The water involved in the manufacturing and growing of products (such as food, materials, and manufactured goods) in one place that is transferred to other, often water-scarce, places via trading.
Nexus
The interrelationship, interdependence, and interactions between water, food, and energy.
Water security
Continuing access to safe drinking water and sanitation.
What is the MDG
Millenium development goals
What were the MDGs?
- a set of interrelated global targets for poverty reduction and human development
- They were introduced in 2000 at the UN Millenium Summit; their successor Sustainable Development Goals (SDGs) followed in 2015
What is relative poverty?
When a person’s income is too low to maintain the average standard of living in a particular society.
- Asset growth for very rick people can lead to more people being in relative poverty.
What is social exclusion?
Exclusion from the prevailing social system and its rights and privileges, typically as a result of poverty or the fact of belonging to a minority social group.
etc. poor people are excluded from technology.
What has happened to the middle class in the previous decades?
The middle class has grown to a great extent.
In 1990 around 50 percent of people in LICS lived on less than 1.25 dollars a day; by 2015 it was around 14 percent.
What is the rise of the middle class a result of?
- The increase in average incomes
- The fall in the number of people living in poverty
Describe the trends in poverty reduction in different regions.
- Poverty levels have more than halved on a global scale between 1987 and 2013 when they were below 800 million.
- The majority of this decline (800 million) was achieved in East Asia and the Pacific
- South Asia haled its poverty levels in the same time period. All other regions have seen marginal falls in poverty levels expect for Sub-Sahara Africa, north Africa and the Middle East
Sub Sahara Africa estimation by the World Bank
WB estimates that the worlds poorest will be S.S Africa in 2030
What are the reasons for the fall in poverty in the last decade?
- China, Eastern Europe, and India participate in the global economy
- China - global superpower (low-cost labor, attracting manufacturing & massive rural to urban migration= improved livelihoods, jobs, and a modern consumer lifestyle)
- Trickle-down of scientific & medical know-how from Europe, N.America & Japan
Why is the rise of the middle class an important economic feature?
It helps to increase the sales of goods such as electric goods, mobile phones, and cars.
Ect: Sales of cars and motorbikes have increased by over 800 percent since 2009.
However continued growth is not always guaranteed.
Does the middle class have economic security?
Not all middle class has economic security. Many people on incomes over 4 dollars/day remain vulnerable to unemployment and underemployment.
For many working in informal activities, there is little or no economic or social security.
The progress in reducing poverty has been…
Uneven
Case study of Vietnam for the rise of the middle class:
Since 1990, economic growth in Vietnam has averaged 6 percent per year.
This has resulted in the country developing from one of the world’s poorest countries into a MIC.
Reasons for Vietnam’s rise of the middle class
- As Chinas wages have risen firms have reallocated to low-cost Vietnam
- Vietnam has a young population (more workers, more efficiency)
- It has invested in education
- Vietnam is a member of Trans-Pacific Partnership (TTP) a 12-country trading bloc
Why are women more likely to be in poverty?
- work less than men
- earn less on average
What is the result of the increase in both population and the number of wealthy people? (in terms of resources)
The consumption of resources increases making the world’s resources be in danger of being used up
What is the new global middle class? (NGMC)
- Globally, the middle class is defined as people with discretionary income
- They can spend this on consumer goods, and at the upper end, private healthcare, holidays, or even cars.
- Around 3,650 dollars- 36,500 dollars
What is the fragile middle class?
- The people who have escaped poverty but are yet to join the NGMCs
- This is similar to the idea of the “lower middle” class
Why has there been a rise in the “global middle class”?
- This change has been brought about mainly by rapid economic growth and industrialization.
- Stable government has enabled investor confidence leading to FDI (foreign direct investment)
- In addition, government investment in education and greater openness to the global market (has increased consumer spending power)
Ecological footprint
The hypothetical area of land required by a society, a group, or an individual to fulfill all their resource needs and assimilate all their waste.
What is ecological footprint measured in?
Global hectares (gha)