ENVS 1126 Chapter : ENVS August 28
Document Summary
Economic and the environment: centrally planned economy: cuba, north korea ruler decide, capitalism: the market decides; both u. s and china are mixed models; banking, public edu, health care, military, social security, national parks. International trade: gatt (general agreement on tariffs and trades) 47-93, wto (world trade organizations) 93- Import of shrimp caught without teds: products produced using child labor. Fail to account for depreciation of natural capital. Gdp of u. s growth has been largely at expense of natural and intangible capital. Sustainable development: meeting the needs of the present without compromising the ability of future generations to meet their needs. A dollar is worth more today than it will be worth 5 years from now. Likewise, a tree may be worth more now than 5 years from now. In economics, present value is a future amount of money that has been discounted to reflect its current value, as if it existed today.
