Skip to main content

Posts

Limits to Growth & Our Common Future

Sustainable development has become well recognised concept since the publications of “Limits to Growth” and “Our Common Future”. The link between environment and development was institutionalised and the term “Sustainable Development” was popularised and brought firmly onto the international agenda in 1987 in the report Our Common Future. (Cox, 2008, 237). Publication of the report “ Our Common Future” initiated and supported to lay foundation for Sustainable Development and Environmental Economics. The report highlighted serious “environmental concerns” mainly related to developing countries and the global environment. (Resources for the Future, 2011, pg, 1) Limits to Growth report focused on ecological limits and economic growth. The Limits to Growth developed a neo-Malthusian model which assumed that growth in “population and industrial capital” would lead to increase in demand for basic food items and scarce resources which were assumed to be absolutely finite. Limits to Gr...

Impact of Global Warming on World Economy

Introduction: The consequence of global warming will be felt across social, environmental and economic part of human life; for example social impact through increasing floods, droughts and environmental impact through melting ice, increase in temperature and economic impacts through market uncertainty, loss of business and agricultural activities. Global warming is a direct result of unnatural anthropogenic activities that has been proved by science and will have an impact on the world economies in many ways such as; fresh water resources, agricultural activities, sea-level rise, health of ecosystem, human health, quality of life and overall cost impacts to the economy. Globalisation has contributed in many ways towards climate change through increased quick turnover of human and natural capital in various activities and trade. Climate change is evident as explored in this essay and has already taken place in many parts of the world. Any impact  to fresh water resources,...