Chapter 14: Sustainability Flashcards Preview

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Flashcards in Chapter 14: Sustainability Deck (11)
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1

Sustainability

Meeting the needs of the present without compromising the ability of future generations to meet their own needs.

2

Globalization

The integration of economic, social, political, and geographic boundaries and processes.

3

Globalization of food systems

Food production and distribution --> Better nutrition in developed nations --> Increases inequality in underdeveloped nations

4

Globalization & trade

Not new, but bigger and faster
Multinationals
Travel/shipping
Decreasing taxes on trade
Provides work and income

5

Economic sustainability

The ability of an economy to support a defined level of economic production indefinitely.

6

Environmental sustainability

The rates of renewable resource harvest, pollution creation, and non-renewable resource depletion that can be continued indefinitely.

7

Fair trade

Trade in which fair prices are paid to producers in developing countries.

8

Privatization

The process of transferring an enterprise or industry from the public sector to the private sector.

9

The 3 pillars of sustainability

Social, Environment, Economic - People, Planet, Profits

10

Tragedy of the commons

An economic problem in which every individual tries to reap the greatest benefit from a given resource.

11

Worldview

A particular philosophy of life or conception of the world.