Chapter 14: Sustainability Flashcards
Sustainability
Meeting the needs of the present without compromising the ability of future generations to meet their own needs.
Globalization
The integration of economic, social, political, and geographic boundaries and processes.
Globalization of food systems
Food production and distribution –> Better nutrition in developed nations –> Increases inequality in underdeveloped nations
Globalization & trade
Not new, but bigger and faster Multinationals Travel/shipping Decreasing taxes on trade Provides work and income
Economic sustainability
The ability of an economy to support a defined level of economic production indefinitely.
Environmental sustainability
The rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely.
Fair trade
Trade in which fair prices are paid to producers in developing countries.
Privatization
The process of transferring an enterprise or industry from the public sector to the private sector.
The 3 pillars of sustainability
Social, Environment, Economic - People, Planet, Profits
Tragedy of the commons
An economic problem in which every individual tries to reap the greatest benefit from a given resource.
Worldview
A particular philosophy of life or conception of the world.
