Gunter Pauli's Blue Economy

925 Words4 Pages
The fundamental function of a society is to perform true and useful activities to achieve human and environmental needs in a best way. However, human history has created an economic civilization in the place of humanistic civilization which confronted the unsustainable use of our resources and made a catastrophic, risky and polluted society. Not having reconciliation between the choice of human desires and means, irresponsible resources allocating mechanism and institutions, unfair distribution are responsible for uneconomic growth. Unsustainable production and consumption activities not only made terrestrial resources (29% of the Planet) depleted but also polluted 90% of the marine resources. As a result human survival and life sustaining…show more content…
Rapid economic growth coupled with a raising population is putting immense pressure on the environment, ecological system and natural resources in Bangladesh. About 13% of the total populations live below the national poverty line of US$2 per day. In such deplorable situation the blue economy has brought a new hope for the sustainable economic development in Bangladesh. The blue economy concept is still at an evolving stage where there is yet to be any comprehensive definition which would be suitable from the operational viewpoint. Gunter Pauli’s book, “The Blue Economy: 10 years, 100 innovations, 100 million jobs” (2010) brought the blue economy perception into an eminence. The blue economy is envisioned as the integration of ocean economy development with the principles of social inclusion, environmental sustainability and innovative, dynamic business models. The blue economy is considered as one of the important tools to achieve sustainable development, which should contribute to eradicating poverty as well as sustained economic growth, enhancing social inclusion, improving human welfare and creating opportunities for employment and decent work for all while maintaining the healthy functioning of the earth's ecosystem (Para 56, The future we want, UNCSD…show more content…
The coastal and marine ecosystem services play a very significant role to the economy. Ecosystem services are the conditions and processes through which natural ecosystems and the species that make them up sustain and fulfill human life (Daly 1997). However, the biodiversity and ecosystem services of the Bay of Bengal are disrupted by the threats like overfishing, predator loss, pollution, climate change, habitat destruction etc. A blue economy is a new paradigm in which ocean ecosystem brings economic and social benefits those are efficient, fair and sustainable. The coastal and marine ecosystem services play a very significant role to the economy. Because ecosystem services are not fully captured in the commercial or adequately quantified in terms of comparable with economic services and manufactured capital, they often are given too little weight in the policy decision (Costanza
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