Week 8

Question 1

Relationship Between Economics & Environment

Answer 1

The economy depends on the environment for resources and waste absorption. Unsustainable economic growth can degrade ecosystems and deplete natural capital.

Question 2

Empty vs. Full World

Answer 2

Empty World: Few people, abundant resources—nature limits growth.

Full World: Many people, stressed ecosystems—human activity limits growth. Concept by Herman Daly, emphasizing the need to rethink growth.

Question 3

Growth & Degrowth

Answer 3

Growth: Traditional focus on increasing GDP and production.

Degrowth: Advocates reducing consumption and production in wealthy nations to stay within ecological limits and promote equity.

Question 4

Global North vs. Global South

Answer 4

Global North: Wealthier, industrialized countries (e.g., US, Europe); higher consumption, emissions.

Global South: Lower-income countries; face environmental challenges but contribute less to global problems. Highlights global inequalities in responsibility and impact.