01:450:102 Lecture Notes - Lecture 12: Earth Summit, Purchasing Power Parity, Wced

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Sustainability is introduced as a means of exploring: Economic development that is conducted without depletion of natural resources . Focus on meeting the needs of present generations without jeopardizing the ability of future generations to meet their needs . Formalized by 1987 wced ( brundtland report"), 1992 rio earth summit, 2002 wssd. This is the core concept we explore in this class that links issues of environment and development. First, it is necessary to explore what we mean by: Undp hdi: three factors along with gdp. Poor people are poor because rich people take so much of the income that the economy produces . Undp hdi: includes lifespan, access to education/literacy, income sufficiency. Informal sector production 60-80% of food! Only that which can be counted counts! Sd is an attempt to reconcile questions of development, economic development and environmental protection. Through a focus on social, economic and environmental sustainability.

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