For example, it is possible to gain $1,500 to $2,000 per capita income in low-income countries, but $21,000 in others (Goodland 5). The experiments have shown that capital is one of the most important elements necessary to achieve a degree of development, taking into account the importance of other elements. Robert further states that the objectives of economic development are to increase national income, improve human living standards and reduce the internal gap while adapting the structure of the national economy to the benefit of the industrial and commercial sector (Goodland 9). I agree is that economic sustainability is one of the main sectors to have a sustainable development. My reason why I agree with Goodland's argument is that it achieves the principle of a free market as it provides products with good prices without daring the right of the citizen to choose the appropriate product.
Oceans, seas, and coastal areas are essential to the Earth’s ecosystem and are critical to sustainable development. Two-thirds of the earth’s surface is covered by oceans, seas, and coastal areas, and contain 97% of the planet’s water. The oceans contribute to poverty eradication, create sustainable livelihoods for the three billion and plus people depending on it, are crucial for global food security and human health, and are the primary regulator of the global climate. The Oceans contribute to human well-being because they provide us with water, oxygen, and many natural food sources. Although there are many groups of people who depend on oceans for sustainable livelihoods, they are the most vulnerable because they become so reliant on natural resources and are harming themselves without even knowing it.
Thus human beings are the most basic element of the society. In that case there is no society without human beings. Society is a historically formed human community that inseparably tied by the economic relation. This economic relation is created in the process of material production with social, political and cultural processes depend on those relation. In the human being activity, production is the most basic.
We must eat a selection of foods to say health and continue to aid the world in development as we can. Ocean Ecosystem Services 1) Food; ‘’It is estimated that the ocean provides more than 25% of the protein used to feed the entire world population.’’ (https://hellasmoginla.wordpress.com/what-does-the-ocean-do-for-the-planet/) This means that a quarter of our population (1.875 billion people would stand a great chance of starving to death) The Ocean is necessary for the survival of human kind 2) Provides oxygen; absorbs approximately 30-50% of the total CO2 created by burning fossil fuels (Life in The worlds Ocean, Wiley-Blackwell) (Book) It also produces more than 70-80% of all the oxygen we breath. The ocean is able to do this because of the plankton in the water they absorb the CO2 and turn it into O2 using photosensitise. 3) It Prevents the world from overheating, it takes up to 80% of the heat caused from climate change (Life in The worlds Ocean, Wiley-Blackwell) (Book) If it were not for the ocean the cities that boarder it would already be under
There is no unique or optimal development path; both cultural and ecological diversity are of fundamental importance, and their coevolution moves in unpredictable ways. Economy-Environment Interaction Reprinted with permission from Island Press. © 2001 3 Taking the broader ecological economics perspective, we must consider the relationship between three systems: • The economic system including production, exchange, and consumption; • The human system including biological life processes, culture, aesthetics, and morality; • The natural system, within which both the economic and human systems are included. The expansion of the economic subsystem is limited by the size of the global ecosystem. The idea that there are limits to the scale of the economic systems leads to a concept of strong sustainability, according to which some elements of natural capital are considered critical, and not readily substitutable by human-made capital.
Economic diversification has been regarded as a major tool and source of sustainable economic growth and development in developed, emerging and developing economies through direct effect on the GDP by increasing economic activities and indirectly through multiplier effect, backward and forward linkages among the various sectors of the economy (Anyaehie&Areji, 2015; Akpan, 2009;Gachino, 2007). Classical and neo-classical economics theory projected convergence between poor developing countries and the developed countries in the longrun largely due to transfer of technology and capital from the developed countries to the developing countries. One of the way capital and technology are transferred from developed countries to developing countries
- Promote social and economic development. - Promote a safe and healthy environment. - Encourage the involvement of communities and community organisations in the matters of local government. - Ensure the provision of services to communities in a sustainable manner. THE ROLE OF LOCAL GOVERNMENT IN DRIVING LOCAL ECONOMIC DEVELOPMENT.
Sustainability within the Construction Industry How can the construction industry meet its environmental and social responsibilities as well as increasing profitability? The industry is constructed of skilled workers who are involved with production, development, planning, designing, constructing and maintaining the built environment. This also includes the manufacturers and suppliers of building materials as well as customers and end use inhabitants (Building Research Establishment, 2018). Sustainability within the construction industry is about guaranteeing an improved quality of life for everybody, today and for years to come. This can be achieved by recognising the needs of everyone, maintaining stable levels of growth and employment alongside safeguarding and if achievable, enriching the environment whilst using natural resources efficiently.
The economic development is to improve the people 's living standard. Protecting the environment includes protecting people 's living environment and natural environment. The purpose of economic development is to improve the living standard of the people. In the process of development, the destruction of the environment affects people 's lives and violates the original intention of economic development.From this perspective, economic development and environmental protection are mutually reinforcing, and the lips and teeth are mutually compatible. Developing economy must protect environment is the essential requirement of economic development.
There are number of natural processes in the sea that help to keep the environment with no stress but in extreme cases, the consequence would be very serious. Physico-chemical properties of the coastal ecosystem play a necessary role in continued existence of aquatic habitats. Among the coastal ecosystem, marine is a original environment and valued for socioeconomic growth and also for human health. The fast growth of human populations and profitable industries add important impact over the marine area and nearby estuaries (Muduli et al., 2010). These situations have generated immense force on this environment, resulting in a reduce of water quality and biodiversity loss (Herrera-Silveira and Morales-Ojeda,).