ENVS 1126 Lecture Notes - Lecture 27: Planned Economy, Natural Capitalism, Natural Capital
23 Nov 2016
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Document Summary
China: factory to the world: recently, the chinese economy has grown rapidly. Millions own a car, travel, and buy goods. China has a huge labor pool: china has 7 of the world"s 10 most polluted cities. We need to understand the biological and physical world. Relationships between economic development and the environment: an economy: the system of exchanges of goods and services worked out by members of society. Goods and services are produced, distributed, and consumed: people make economic decisions about. What they provide to others: economic activity impacts all society. It can damage the environment and human health. It can provide resources to solve problems it creates. Development and policies: a nation"s development and its environmental public policies are related, as income levels rise, environmental status can: improve through taxes and technology (e. g. , improved sanitation), or. Decline and then improve through recognition and public policies (air pollution), or. Decline (suburban sprawl, co2 emissions: effective policies and institutions solve problems.
