Contemporary Economic Challenges B - Biodiversity Loss Flashcards
Seen some data on the recent rise in non-natural capital and the associated rate of natural capital decline, and seen different perspectives on the economic as well as environmental impact of that loss. Been exposed to the notions of ecosystems services, natural capital, and the characteristics of natural capital that lead to particular challenges for economic modelers. Understood the classic economic theory of species collapse, ecosystem stability and how that relates to the economy. Explored v
What has been the root cause of loss in biodiversity?
Rapid Materialization
* Deep History: Very rapid (1) population growth and (2)
growth in income per capita, over just a few decades.
* “The Great Divergence”.
* The Maddison Project.
State the life expectancy at birth and the population size at key years since the year 0
0 CE - 24 years, 230M
1000 - 24, 270
1820 - 29, 1000
1900 - 31, 1600
1960 - 46, 2500
2000 - 66, 6100
2020 - 73, 7800
Describe the graph of year from 0 to 2020 against population from 0 to 9 billion
Gradual growth all the way to ~1700 to less than 1 billion and then exponential growth all the way to 8 billion to the year 2020
Compare the growth in GDP per capita in all the key areas of the world since 1 CE
Western Offshoots (today - US, Canada, Australia, New Zealand) has had the highest growth to 51, 342; followed closely by Western Europe at 40364. Then, by a lot far from these the rest of the world has seen growth in the following descending order: Latin America, Asia and Africa (Africa by a lot less at 4680 compared to Asia’s 11102). These countries are also all below the world average of 14574
