Economics management essay help online: Sustainability and economics development

IntroductionThe main purpose of the report is to identify the nature of the issue of  sustainability and its significance on the environment. The issue is that in Australia people are living well economically but on the other hand, environmental and social systems are reflecting proof of the serious damage.  In general, when sustainability is applied to human beings it refers to both long term existence of the species and the quality of life. Sustainable Development is considered as a group of practices and principles and draws on 3 modern principles such as economics, ethics and ecology. Sustainability is associated with excellence of the life in the society whether the social, environmental and economic systems which make up the society are creating a productive, meaningful and healthy life for all society residents in present and upcoming time. In general, the word ‘Sustainability’ considers the ability of the biosphere to provide the entire variety of the human concerns in the period of long run.

2.0 Section 1 Overview of Issue

2.1 BackgroundIt has been observed that support systems of the Earth’s life are in danger. As a species, we are not surviving sustainably and are increasing towards the destruction of natural capital on the society and its nation. It can be said that in Australia we are living well economically but on the other side, environmental and social systems are reflecting proof of the serious damage. It is very clear, at the international level, inequality and inequity of opportunity prevails at heart of international instability, wars and terrors.

Generally, activities of humans are significantly impacting the planet and how it operates. In, fact atmospheric carbon dioxide is increasing, global temperature is rising, and huge regions of humid tropical forest are cleared each and every year and losses of the diversity recently driven by the habitat loss and shall be increased by further change in the global climate (Goldie, Douglas, & Furnass, 2005).There are considerable risks of irreversible and rapid environmental changes to which it could be complex to adapt and that would have severe societal and economic consequences.

• The issue of the sustainability emerged first with the publication of the Limits to Growth in 1972, the same year when first Earth Summit happened (Goldie, Douglas, & Furnass, 2005).
• The research recommends that progress in the economy has been at the expense of the natural assets of the earth. We are increasingly encouraging the collapse of natural capital, on which human society and their nation relies.
• Due to environmental restrictions on constant economic growth, fulfilling the requirements of the poor could have to come with the help of main redistribution of wealth and income from wealthy to poor both within and among the nations (Goldie, Douglas, & Furnass, 2005).
• According to the Australia State of the Environment 2001, there are few environmental good new stories. For Example: urban air quality has usually improved, emissions of carbon dioxide have reduced hugely and fewer turtles are being caught and there is better management of storm water.  It has been observed that this kind of warning was published in year 2004 by the team of four comprising Margot Wallstrom, European Commissioner for the Environment (Goldie, Douglas, & Furnass, 2005).

2.2 Sustainability Principles

It has been examined that the sustainability understands that applying these kinds of principles as the portion of the wide strategic vision for the Earth and may generate hope in upcoming time and therefore it will comprise symbolic alteration as a part of various successive steps over generations (Goldie, Douglas, & Furnass, 2005).

Foundation PrinciplesLong term Economic Health

Sustainability understands the requirements of the recent and the future generations for innovation, economic health, productivity of earth and diversity.

• Human and Equity Rights

Sustainability understands that the environment requires to be formed where all individuals may express their potential and productive lives and that considerable gaps in safety, opportunity and sufficiency endanger the earth (Goldie, Douglas, & Furnass, 2005).

• Ecological and Biological Integrity

Sustainability understands that all the life has intrinsic excellence and is interconnected and that ecological and biodiversity integrity are portion of the irreplaceable support system on which the Earth relies.

• Settlement efficiency and quality of the life

Sustainability understands that the settlements are required to minimize their ecological footprints whereas they enhance their life quality (Goldie, Douglas, & Furnass, 2005).

• Community, regions and heritage

Sustainability understands the importance and diversity of regions and community for the integration of earth and vital significance of heritage in any of the plans for the future.

• Net Gain from development

Sustainability explains that all development and specifically development comprising extraction of the non –renewable resource must strive to offer net social, economic and environmental gains for future generations (Goldie, Douglas, & Furnass, 2005).

• Common Good from Planning

Sustainability understands that the planning for the good needs equitable categorization of the public resources so that functions of eco system are maintained and so that the shared resource is accessible to all (Goldie, Douglas, & Furnass, 2005).

 Process Principles

• Integration of triple bottom line

Sustainability needs that social, economic and environmental factors be coordinated by the constant application of the principles and viewing mutually supportive advantages with least trade –offs.

• Accountability, Engagement and Transparency

Sustainability understands that the individuals must have access to the information on the issues of the sustainability and institutions must have triple bottom line responsibility that daily sustainability audit programmes and policies must be conducted and that engagement of the public lies at the heart of the sustainability principles. (Goldie, Douglas, & Furnass, 2005).

2.3 The Problem of Unsustainable Development

It is claimed that inequality and inequity of the opportunity prevails at the heart of the global wars, terrors and instability (Goldie, Douglas, & Furnass, 2005). Global Warming in region of Australia poses huge risks for Australian biodiversity and in few cases even exceeding the average global losses. There are main issues which should be addressed at the similar time as Australia performs a responsible and humane function in the world community.

Global Warming is probably for enhancing the spread of the vector-borne infectious diseases like dengue and Japanese encephalitis to wilder and higher altitudes involving to the North Queensland (Goldie, Douglas, & Furnass, 2005).  It is examined that fossil fuel ignition is considered as the main contributor to the greenhouse emissions of the Australia.

Several ecosystems of the earth are impacted by the activities of the human like land clearing and fragmentation of the natural vegetation.  There are substantial differences in the health of the population like Indigenous Australians have an expectancy of life for 20 years in comparison to the national average (Goldie, Douglas, & Furnass, 2005). Besides, benefits in the life expectancy of the non –Indigenous people in Australia but there is no effect for the complacency in concern to infectious and non-infectious diseases.

2.4 Perspectives on Sustainability

In simple words, the debate of the sustainability is based upon the cultural perspectives. Culture is considered as the context through which we articulate social meanings and guide actions of the public. (Sarkissian, et al 2008).

• Cultural Sustainability

Community well being is built on the shared sense of the purpose, values inform action and a healthy society relies on influential and lively cultural activity between the societies within it and sustainability might only be accomplished when it becomes the enthusiastically embraced portion of the culture (Sarkissian, et al 2008).Culture is considered as the essential component of the sustainable societies. Culture is considered as the component in which we can manifest and articulate social meanings and suggest public action.

• Social Sustainability

Sustainable societies acknowledge that there are restrictions to the social, natural and systems upon which we relied (Reference). Numerous Countries including Sweden, Canada and Australia are both economically and socially unsustainable. Communities actively operating to utilize social sustainability show structural systems comprising networking, incentives and connectivity for individuals to act and participate (Sarkissian, et al 2008).

3.0 Section 2 Sustainability Initiatives

3.1 Description of Sustainability Initiative

In simple words, Global Sustainability shall require human beings to act on the inequalities of the access to health care and natural resources among developing and industrialized countries (Goldie, Douglas, & Furnass, 2005).  While moving towards the sustainable future, we are required to make sure that we avert destroying the base of natural resource, offer huge equality of the opportunity and maintain the volume of the population within the prescribed ecological limits. In regards to social indicators, few are improving like training and education.

3.2 Discussion of Sustainability Initiative

It is important to note that the objectives of ESD use a blend of, ecological, economic and social criteria (Goldie, Douglas, & Furnass, 2005). Climate change, water, energy and the wealth of the natural ecosystems are considered as environmental issues. In general, Equity, Peace, work, labor force, well-being and human health are important social issues and effecting on sustainability. Economic systems, urban design, transport and land uses are main ecological and social issues. The second objective of the ESD is to offer fairness within and among the nations because inequity is enhancing nationally and globally.

According to the Australia State of the Environment 2001, there are few environmental good new stories (Goldie, Douglas, & Furnass, 2005).  For Example: urban air quality has usually improved, emissions of carbon dioxide have reduced hugely and fewer turtles are being caught and there is better management of storm water.

It has been examined that ABS has understood the association among the social, economic and environmental phases of the life. This kind of the initiative taken by the ABS has proved that they think about the welfare of the country and its economic and social system. To move beyond the GDP as an indicator of the human progress, it also created a group of indicators in its publication 2002 for measuring the progress of Australia (Goldie, Douglas, & Furnass, 2005). These recommend progress in some regions on the life of the Australia. The progress is helpful to study those types of indicators which help in solving the sustainability issues. The strength of this initiative is it offers progress in some regions of the life of the Australians.

4.0 Conclusion

At last, it can be said that we all belong to the globalized world and does not make sense to think of the sustainability at the country level. It is examined that, Australia performs a responsible and humane function in the community. It has been observed that support systems of the Earth’s life are in danger. As a species, we are not living sustainably and are increasing towards the destruction of natural capital on the society and its nation. It is also claimed that inequality and inequity of the opportunity prevails at the heart of the global wars, terrors and instability. It is also viewed that ABS has understood the association among the social, economic and environmental phases of the life in order to safeguard the environmental and social system of the Australia from the serious danger. At last, recommendations have been given in order to deal with sustainability issues.

5.0 Recommendations

It is clear that we all belong to the sustainable world, so it is advisable to Australians that they should think sustainability at the global level as compared to the national level (Goldie, Douglas, & Furnass, 2005).

It is advisable to the country Australia, that they should promote the fairness within and among the nations in order to avoid the inequity situation.

While moving towards the sustainable future, the Australian people are required to make sure that

• Avert destroying the base of natural resource
• Offer huge equality of the opportunity and
• Maintain the volume of the population within the prescribed ecological limits.

Generally, activities of humans are significantly impacting the planet and the way it works. It is advisable to all human beings that they should carry out their activities without any destruction to planet.

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