0% found this document useful (0 votes)
20 views3 pages

Economic Globalization & Sustainability Issues

The document discusses the challenges of economic globalization and its impact on sustainable development, emphasizing the need for balance between current resource use and future needs. It highlights the importance of global food security, environmental degradation, and the interconnectedness of the 17 Sustainable Development Goals (SDGs) adopted by the United Nations in 2015. Additionally, it addresses global inequalities and poverty, illustrating how developed countries exert influence over developing nations through economic and military power.

Uploaded by

normitadaisy.08
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
20 views3 pages

Economic Globalization & Sustainability Issues

The document discusses the challenges of economic globalization and its impact on sustainable development, emphasizing the need for balance between current resource use and future needs. It highlights the importance of global food security, environmental degradation, and the interconnectedness of the 17 Sustainable Development Goals (SDGs) adopted by the United Nations in 2015. Additionally, it addresses global inequalities and poverty, illustrating how developed countries exert influence over developing nations through economic and military power.

Uploaded by

normitadaisy.08
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

The Contemporary World (CONWORLD 103)

ECONOMIC GLOBALIZATION AND SUSTAINABLE DEVELOPMENT


There are some significant downsides to globalized trade and perhaps the strongest argument against
economic globalization is its lack of sustainability or the degree to which the earth’s resources can be used for our
needs, even in the future. Specifically, the development of our world today by using the earth’s resources and the
preservation of such sources for the future is called sustainable development. It is development that meets the needs
of the present without compromising the ability of future generations to meet their own needs.
In other words, development has to be ensured in and out for future generations. The continuous production
of the world’s natural resources, such as water and fossil fuel allows humanity to discover and innovate many things.
We were able to utilize energy, discover new technologies, and make advancements in transportation and
communication. However, these positive effects of development put our environment at a disadvantage. Climate
change. This means that development, although beneficial on the one hand, entails cost on the other.
Global food security means delivering sufficient food to the entire world population. It is, therefore, a priority
of all countries, whether developed or less developed. The security of food also means sustainability in society such
as population growth, climate change, water scarcity, and agriculture.
The following are some challenges to global food security; population growth, climate change, poverty and
inequality, food waste, limited resources.
But perhaps the closest aspect of human life associated with food security is the environment. A major
environmental problem is the destruction of natural habitats.
There are different models and agendas pushed by different organizations to address the issue of
global food security. One of this is through sustainability. The United Nations in 2015, adopted the SDGs which
represent a comprehensive framework for achieving sustainable development by 2030.
The 17 Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by all
United Nations Member States in 2015 as a universal call to action to end poverty, protect the planet, and ensure that
all people enjoy peace and prosperity by 2030. They are interconnected – meaning that progress in one area will
affect outcomes in others, and development must balance social, economic, and environmental sustainability. Here is
a list of the 17 SDGs:
1. No Poverty: End poverty in all its forms everywhere
2. Zero Hunger: End hunger, achieve food security and improved nutrition and promote sustainable agriculture
3. Good Health and Well-being: Ensure healthy lives and promote well-being for all at all ages.
4. Quality Education: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for
all.
5. Gender Equality: Achieve gender equality and empower all women and girls.
6. Clean Water and Sanitation: Ensure availability and sustainable management of water and sanitation for all.
7. Affordable and Clean Energy: Ensure access to affordable, reliable, sustainable and modern energy for all.
8. Decent Work and Economic Growth: Promote sustained, inclusive and sustainable economic growth, full and
productive employment and decent work for all.
9. Industry, Innovation and Infrastructure: Build resilient infrastructure, promote inclusive and sustainable
industrialization and foster innovation.
10. Reduced Inequalities: Reduce inequality within and among countries.
11. Sustainable Cities and Communities: Make cities and human settlements inclusive, safe, resilient and
sustainable.
12. Responsible Consumption and Production: Ensure sustainable consumption and production patterns.
13. Climate Action: Take urgent action to combat climate change and its impacts.
14. Life Below Water: Conserve and sustainably use the oceans, seas and marine resources for sustainable
development.
15. Life On Land: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage
forests, combat desertification, and halt and reverse land degradation and halt biodiversity losS.
16. Peace, Justice and Strong Institutions: Promote peaceful and inclusive societies for sustainable development,
provide access to justice for all and build effective, accountable and inclusive institutions at all levels.
17. Partnerships for the Goals: Strengthen the means of implementation and revitalize the global partnership for
sustainable development.

ENVIRONMENTAL DEGRADATION
Environmental degradation is the decay of the environment through the reduction of resources such as oil,
quality of air, and water. Some causes of environmental degradation are deforestation, overpopulation, pollution, and
natural causes. Some of its effects are ozone layer depletion, impact on human health, loss of biodiversity, and loss
of tourism industry. To resolve this:
-reduce consumption level
-stop deforestation
-reuse and reduce waste generation
-avoid plastic
-government strict regulation
- fine and punishment for illegal dumping
- education
Development, especially economic development, was hastened by the Industrial Revolution. This is the
period in human history that made possible the cycle of efficiency. Efficiency means finding the quickest possible way
of producing large amounts of a particular product. This process made buying goods easier for the people. Then,
there is an increased demand. Ultimately, there was increased efficiency. This cycle harms the planet in several
ways. For instance, the earth’s atmosphere is damaged by more carbon emissions from factories around the world.
Another example is the destruction of coral reefs and marine biodiversity as more and more wastes are thrown into
the ocean. Many experts do not think that the planet can sustain a growing global economy. Deforestation, pollution,
and climate change will not adjust for us, especially if increases in living standards lead people to demand more
consumer goods like cars, meat, and smartphones.

Definition of Terms:
Deforestation- the cutting down of trees in a large area, or the destruction of forest by people. The loss of trees can
cause climate change, soil erosion, fewer crops, flooding, increased greenhouse gases in the atmosphere, etc.
Pollution- is the introduction of harmful materials into the environment. These harmful materials are called pollutants.
Pollutants can be natural such as volcanic ash. They can also be created by human activity, such as trash or runoff
produced by factories. Pollutants damage the quality of air, water, and land.
Climate change- refers to long-term shifts in temperatures and weather patterns. As greenhouse gas emissions
blanker the earth, they trap the sun’s heat. This leads to global warming and climate change. The world is now
warming faster than at any point in recorded history. Warmer temperatures over time are changing weather patterns
and disrupting the usual balance of nature.
Ozone layer depletion- occurs when certain chemicals, known as ozone-depleting substance (ODS) are released into
then athmosphere. Once in the strathosphere, ODSs break down ozone molecules, reducing the ozone’s layer ability
to absorb UV radiation. It allows more harmful radiation to reach the Earth’s surface, increasing the risk of skin
cancer and other health problems. It can also damage plants and marine life.

GLOBAL INEQUALITIES AND POVERTY


Inequality- differences among people in their command over social and economic resources.
Poverty- is said to exist when people lack the means to satisfy their basic needs.
Some countries are economically mature and more powerful than other countries and end up becoming
influential in the global community. This leads to a condition of global inequality where developing countries end up
being controlled and influenced by developed countries.
Developing countries- refer to a nation with a less developed industrial base and a sovereign state with less human
development indicator (HDI) than other developed countries. Human Development Indicator (HDI)- is a way to
measure how well people are living in different countries. It looks at things like how long people live, how educated
they are, and how much money they have. (Life expectancy, education, and purchasing power parity of a certain
country).
A developed country- also called an industrialized country- has a mature and sophisticated economy. Developed
countries have advanced technological infrastructure and diverse industrial and service sectors.
Inequality can also be an outcome of the relative strength of a state as compared with another in terms of
strategic importance or development assistance. Countries with many resources tend to have more power. Countries
that send official development assistance (ODA) in the form of loans and grants are in the position to dictate their
policy conditions. Official Development Assistance (ODA) is an international financing development, particularly for
the poorest countries.
Aside from that, military strength is also a source of inequality where countries with superior military
competence can bully the weaker ones, just in the issue of the West Philippine Sea between China and the
Philippines.
Global inequality can also be manifested through transnational business corporations and organizations
that operate globally. These private corporations have enormous power to influence the economy of the countries
where they have investments. It sets up manufacturing factories in developing countries as land is cheaper there. For
example McDonald's in Kazan Russia and Coca-Cola in Kabul Afghanistan.

Common questions

Powered by AI

Deforestation and ozone layer depletion are both detrimental to the environment but have distinct causes and effects. Deforestation is primarily caused by human activities like agriculture and urban expansion, leading to climate change, soil erosion, and loss of biodiversity. On the other hand, ozone layer depletion is caused by the release of ozone-depleting substances such as chlorofluorocarbons (CFCs), resulting in increased UV radiation reaching the earth, which can cause skin cancer, harm to marine life, and damage to crops. Both issues require different strategies for mitigation, with deforestation focusing on habitat conservation and ozone depletion on regulating chemical emissions .

Pollution and climate change are interconnected as pollutants, such as greenhouse gases, contribute to climate change by trapping heat in the atmosphere, leading to global warming. This warming alters weather patterns and exacerbates natural disasters. The joint implications for human and environmental health are severe, including increased health risks like respiratory diseases, reduced air and water quality, loss of biodiversity, and destabilized ecosystems .

Global inequalities create an imbalance where developed countries often dictate the terms of Official Development Assistance (ODA) due to their economic power and resources. This can lead to dependency in less developed countries and may force them to adopt policies favoring donor interests rather than for their own developmental needs. Such inequalities may hinder the effective use of ODA in addressing poverty and can perpetuate economic disparities rather than alleviate them .

Climate change influences the balance of nature by altering temperatures and precipitation patterns globally. These changes lead to shifts in ecosystems, affecting plant and animal species' survival and geographic distribution. Climate change specifically impacts weather patterns by increasing the frequency and intensity of extreme weather events such as hurricanes, droughts, and floods, disrupting agriculture and human settlements. These changes can lead to a cascade of effects throughout natural and human systems, exacerbating environmental stress and socio-economic challenges .

Failing to address global food security through sustainable practices can lead to increased poverty, hunger, and social instability. Key challenges include population growth, climate change, water scarcity, poverty, inequality, food waste, and the destruction of natural habitats, which all strain the global food supply. Without sustainable practices, these issues could exacerbate environmental degradation and worsen food shortages .

Environmental degradation intersects with several SDGs, such as Climate Action (Goal 13), Life Below Water (Goal 14), and Life On Land (Goal 15), which focus on taking urgent action against climate change, conserving oceans, and sustainably managing terrestrial ecosystems, respectively. Achieving these goals involves reducing pollution, promoting sustainable agricultural and industrial practices, and conserving natural resources, all of which combat environmental degradation by maintaining ecological balance and reducing harmful impacts on the environment .

Sustainable development aims to balance the use of the earth's resources by meeting current needs without compromising the ability of future generations to meet theirs. This approach focuses on using resources more efficiently and responsibly to prevent their depletion and ensure long-term environmental health. Sustainable development is essential in counteracting the negative impacts of economic globalization, such as climate change and resource depletion, by promoting practices that ensure ongoing viability of resources .

The Sustainable Development Goals (SDGs) provide a comprehensive framework for addressing the issues related to resource extraction and consumption by promoting sustainable practices across various sectors. Goals such as Responsible Consumption and Production (Goal 12) and Affordable and Clean Energy (Goal 7) specifically target more sustainable management and use of natural resources. While the SDGs encourage collaborative global efforts, the challenges lie in varying national priorities, resource availability, and political will, which can impact the overall effectiveness of these initiatives .

Transnational corporations (TNCs) perpetuate global inequality by leveraging their economic power to influence local economic conditions in developing countries. They often set up operations in these regions due to lower costs, exploiting cheap labor and weaker regulations. While TNCs can provide jobs and infrastructure, they may also drive local businesses out, enforce low wages, and repatriate profits, which limits the economic benefits for the host country and exacerbates global inequality .

The Industrial Revolution significantly accelerated economic development by increasing efficiency in production, leading to higher availability and lower costs of goods. However, it also introduced numerous environmental challenges, including increased carbon emissions, pollution, and deforestation. The demand for resources and production efficiency led to environmental degradation, such as loss of biodiversity and changes in climate, which pose ongoing challenges in balancing industrial growth with environmental sustainability .

You might also like