GLOBAL CITIZENSHIP AND SUSTAINABILITY Flashcards
A proposed epoch dating from the commencement of significant human impact on Earth’s geology and ecosystems
Anthropocene
12,000–15,000 years ago was the beginning of?
Agricultural Revolution
When was the invention of the steam engine and what did it signify?
1780, Industrial Revolution
short term firmness in position, permanence and
resistance to change, especially in disruptive way
Stability
long term capacities of a system to exist,
not its short term resistance to change
Sustainability
premised on the idea of making everyone live and
consume like a typical Western does
Western centric globalization
The continuous commodification of the
world’s resources from water to air, from minerals to
forest lands under the current economic system
would exhaust the world’s finite.
TRUE
The current trend points to the global race to the bottom
with regards to wages and corporate tax rates.
TRUE
being considered as an alternative method of global
sustainable development.
Degrowth
a Bolivian concept of giving Mother Earth
and all creatures an inalienable “Right”. This is the first law that granted nature with rights equal to humans. This relabels the nation’s mineral deposits as “Blessings” to come. It empowered communities to monitor industrial polluters and culminated in the establishments of a relevant ministry that will prioritize the protection of
environment without stopping all industrialization schemes
Pachamama Socialism
to build a new form of public coexistence, in diversity and in harmony with nature, to achieve a good way of living. It is a way of doing things that is community centric, ecologically balanced and culturally
sensitive.
Buen Vivir
This call is for a system that prioritizes people over profit, communities over
corporations, and environment over economic growth.
Buen Vivir
This idea is best captured by the statement: “live simply so that others may simply live”
Buen Vivir
Offer a perspective into the challenges and opportunities that confront the contemporary world
Global Trends
The current model of economic growth and activity operate on the notion of a linear direction of profit, on the desire to constantly achieve a state of equilibrium in the interplay of costs and gains, and on the assumption that market forces typically rotate around the need to be stable.
TRUE
it considers firms as the most important actors for welfare creation in national economies, since they provide innovations and new products.
Varieties of Capitalism
To achieve their goals they need access to resources, to mention the most fundamental ones — capital, labour and skills. This access is not always easy due to risk and uncertainty which concern almost every transaction in
an economy.
Varieties of Capitalism
Characterized by dynamic access to resources, which means, that it is
relatively inexpensive to change conditions of transactions or resign from it.
Liberal Market Economy
Capital is derived often from stock markets, where assets can quickly
change owners and their value is estimated by price mechanisms.
Liberal Market Economy
The labour market is also shaped by dynamic relations, where hire and fire
is relatively easy due to limited regulation. If firms perceive the market
situation bad they simply lay off workers, but if prospects are promising
they quickly employ.
Liberal Market Economy
Individuals and potential workers invest in their knowledge and then
sell it to firms. However, due to flexibility of the labour market they
tend to choose transferable skill profiles, since they must consider
their chances and balance the promise of getting a high salary for
unique skills with the risk of remaining unemployed.
Liberal Market Economy
Transactions are more stable and long term oriented. Capital is provided
by banks which create loyalty based relations with firms, thus the access is
‘patient’.
Coordinated Market Economy
The labour market is characterized by long term contracts and relatively
low differences in wage levels.
Coordinated Market Economy
Skills are produced rather in companies, which invest their own capital in
order to create a set of specific, rare qualifications fitting ideally into their
product profile. Since workers get employed for a longer time this kind of
an investment makes sense.
Coordinated Market Economy