Question

1a)

According to MacEwan, what are the obstacles to slowing global economic growth and what would it take to make economic growth compatible with a sustainable environment?

b)how can we reduce food waste? Also, how does this over-consumption behavior impact on economy?

c)According to Hans Rosling, why we need to control global population growth? How does overpopulation impact on global economy?

d) Overall, provide your suggestions in order to achieve a sustainable economic growth. And explain how these suggestions work in our economy properly. (e.g. does it help to overcome the obstacles described by MacEwan? or does it help to create more jobs?)

Answer 1

A-Financial stress among rural households and sluggish job creation are among the key drivers of the slowdown, while a credit crunch among non-bank financial institutions (NBFIs) the major providers of retail loans in recent years, has exacerbated the weaker conditions,

economic growth is not compatible with invironmentail sustailnability, The nvironmental impact of economic growth includes the increased consumption of non-renewable resources, higher levels of polution, global warming and the potential loss of lenvironmental habitats. Also, economic growth caused by improved technology can enable higher output with less pollution.

B-We can reduce food waste.

1.Shop smart and realistically.

2-When cooking, don't over-serve food.

3.Save and actually eat leftovers.

4.Store food in the right places.

5. Avoid clutter in your fridge, pantry and freezer.

An increase of consumption raises GDP by the same amount, other things equal. Moreover, since current income (GDP) is an important determinant of consumption, the increase of income will be followed by a further rise in consumption. a positive feedback loop has been triggered between consumption and income.

C-We need to control global population growth because population has become one of the most important issues in socio-economic development worldwide. Population growth directly triggers higher demand for provision of various aspects of human existence including food, healthcare, housing, jobs, infrastructure, access to resources and many other issues.

Effect of over population-1.Exhaustion of natural resources.

2.Environmental degradation.

3.Rising unemployment.

4.Rising living costs.

5.Technological advances.

D-To achieve economic sustainability our economy and our current way of life have to adapt. We need to be more efficient in our use of available resources, find new ways to harness currently underused resources and reduce our consumption in the process.

It works on global economy by :

1. Sustainable improvements.

2.Increase in economic growth.

3.Public participation.

4.Maintenance of environment resources.