Sustainable Development and Economics Annotated Bibliography

The topic addresses one of the modern world social problems which involve a lack of shared prosperity. While the rich are getting richer, the middle-class earners in the West and elsewhere across the globe are economically stagnant. A key behavior associated with this scenario is the consumerism behavior harbored by many of the middle-class earners. The earnings they get annually cannot warrant meeting their daily needs and have some leftovers for investment at the same time. The end result has been turning to loans and other credit means to sponsor their lives like mortgages. The hefty debts that come with their sponsored and unrealistic lifestyles yield to more troubles to them than it can deliver solutions.

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Sustainable economic growth attempts to harmonize the increasing demand for human needs and the sustainability of available natural resources for future use. The economic growth depends on the ecosystem. The ecosystem provides resources such as land, natural resources labor and capital. The management of these resources determines the ability of a country to benefit from those resources. Depletion of natural capital it creates an unsustainable economic environment.

For a country to build wealth and increase production it has to harness the available natural resources. The natural resources create food security, social developments and create opportunities that generate revenue. To add their predicament of sustainable development is the imminent threat to the environment by the continuous and aggressive human production. Ayres (2018) argues that if the production was done with the future in mind, there wouldn't be any cause of alarm. The natural resources are getting depleted at a faster rate as compared to the rate at which human beings are willing to have them replaced. The ecosystem is becoming imbalanced due to the insatiable nature of human needs which demand attention every now and then. The insatiable nature of human needs coupled with the ever-increasing human population implies that the natural resources will face extinction in the near future. With the ever-growing threat of natural resources extinction, human beings are still acting as if their actions do not bring any consequences to the environment but in reality, they are threatening the future generations' existence. Additionally, Natural resource management has become a challenge that can easily hinder a countries' ability to sufficiently yield from its natural resources. With the application of the green economy, countries are able to reduce environmental uncertainties and achieve sustainable development. Additionally, the Green economy harnesses the use of natural resources in a fairly, efficient and socially inclusive manner. It is in view of the sensitivity of the above subject matter that various resources linked to the topic being analyzed. Among other things, the paper looks at the authors' contribution to the topic and the suitability of the content to the context of the subject.

Bibliography

Andreica, A., Balu, P., &Balu, O. F. (2014). Green Economy - From Theory To Practice. Calitatea, 15, 523-529. Retrieved from https://search.proquest.com/docview/1509436158?accountid=158399

Andreica and co. are experts in green energy who advocate for the adoption of the same to help mitigate the ever-increasing damage to the environment caused by fossil fuel and other commonplace practices by human beings. Their article outlines the process from the conception of the idea of an economy powered by environmentally friendly inputs to the ultimate end product. Along the way, they highlight the perceived benefits and shortcomings as well, but above all, their work becomes more convincing through the analysis of how the greater society stands to benefit through such undertakings. Case study analysis of countries and corporates that have gone the greenway are used as motivational landmarks in the articles which injects the sense of belief and confidence in their suggestions.

Ayres, R. U. (2018). Sustainability economics: Where do we stand? Ecological Economics, 67(2), 281-310.

Ayres focuses on the cost of pollution and how it impacts on market performance. The author is quick to note that pollution has led to the degraded market performances over the years and that should be a wakeup call to all stakeholders within the leadership positions to adopt sustainable economic strategies going forward. The article relates emissions reduction to economic growth by stating that the funds used to curb pollution could be elsewhere to develop the economy if at all preventive rather than curative environmental strategies were adopted. The article then shifts its attention to economic growth and its implication to the exhaustion of natural resources which is imminent if changes are not adopted, hence the urge for a paradigm change.

Morone, P. (2018). Sustainability transition towards a biobased economy: Defining, measuring and assessing. Sustainability, 10(8), 2631. doi:http://dx.doi.org/10.3390/su10082631

Morone argues in favor of a paradigm shift from natural and fossil-economy to the emerging bio-based economy. He notes that the fossil-based economy has been dominant over the years, but it is proving to be unsustainable considering the detrimental effects on the environment, the natural habitat of human beings. Morone wonders of what benefit the development realized through the fossil-fuelled economy will be if it costs human life which the economy is supposed to sustain. In backing up his argument, such elements as decoupling of the environmental pressure from the economic growth is key so that food security can be improved, poverty can be eliminated and natural resources be managed in a sustainable manner. Such actions alongside the innovative measures adopted by organizations in the 21st century will lead to a better world in the future.

Parrish, B. D., &Foxon, T. J. (2016). Sustainability entrepreneurship and equitable transitions to a low-carbon economy*. Greener Management International, (55), 47-62. Retrieved from https://search.proquest.com/docview/211488740?accountid=158399

The focus of the article is on creativity and innovation as a means of doing business to support the economy with future in mind. Parrish points out to the key role that entrepreneurship can play in salvaging and sustaining the modern and future generations through the optimal use of the currently available resources in a creative manner to result to a higher value to the world population. In view of Parrish, the key to successful implementation of sustainable economies are the various corporate strategies that will be adopted going forward by both the private and public institutions since the firms are a great consumer of the natural resources. Additionally, the article makes emphases on the need for SCR programs as a means of rewarding the community since their possession is used to create wealth by firms' owners.

Stevis, D., &Felli, R. (2015). Global labor unions and just transition to a green economy. International Environmental Agreements: Politics, Law and Economics, 15(1), 29-43. doi:http://dx.doi.org/10.1007/s10784-014-9266-1

In this article, Stevis and Felli discuss one of the issues which employees are facing as a result of repletion of the natural resources and eventually ending up with the closure of the firms they work for due to lack of materials for production. The article does not discuss anything new with reference to the adoption of a green economy but instead underlines the panic mode that the current production processes and activities have plunged the people into to the extent that the employees are mindful of the environment, yet they are the direct beneficiaries of these activities. The authors state the willingness and passion by the labor unions to advocate for a green economy for the labor security of its members even if it means adopting legal actions against non-compliant economic entities.

Martin, J. L., Maris, V., & Simberloff, D. S. (2016). The need to respect nature and its limits challenges society and conservation science. Proceedings of the National Academy of Sciences, 113(22), 6105-6112.

Martin and Simberloff (2016), suggest that an growth in human population results in an increase in demand and depletion of resources. The authors state that people face challenges in balancing the need for growth and mitigating the environmental crisis. The article outlines that, although most people advocate or a need for environmental conservation through a green economy, they need to a paradigm shift from growth -centered perception to the enhancing limits on use and conservation of natural resources. The article explained it was possible for conservation science and economics could reach an agreement by use of an appropriate technology to generate efficient conservation policies. The authors recommended a need to focus on the relationship between human beings and the ecosystem.

Iwuji, C. C., Okeke, O. C., Ezenwoke, B. C., Amadi, C. C., & Nwachukwu, H. (2016). Earth Resources Exploitation and Sustainable Development: Geological and Engineering Perspectives. Engineering, 8(01), 21.

In this article, the authors suggest that natural resources as integral in part driving the well-being of the people in a country. The exploitation of these resources is essential to economic growth and development. However, they argue that these resources may have a negative impact on both social and economic impacts. This article aimed to look at the environmental problems that of the associated with the mining of resources and ways to mitigate them. Depletion of resources emerged as an alarming issue associated with extraction of natural resources. The authors argued that the adequacy of natural resources depends on the consumption rate, the stock and the ability of a country to recycle renewable resources. The article concluded that countries can only achieve sustainable development when they are able to use the appropriate technology to recycle the renewable natural resources.

Owusu, P. A., & Asumadu-Sarkodie, S. (2016). A review of renewable energy sources, sustainability issues and climate change mitigation. Cogent Engineering, 3(1), 1167990.

According to Owusu and Asumadu-Sarkodie, the increase in population has increased the demand for energy while its source is constant. The necessity of energy and the need to fulfill human social and monetary improvement, welfare and wellbeing is expanding. The article suggests that the use of renewable resources will help moderate environmental change which is an amazing approach that aims to take care of energy demands for future generations. The authors suggested that the use of renewable energy would bring benefits such as with sustainable and accessible power sources, social and monetary advancement and environmental change moderation and a decrease of ecological and wellbeing impacts.

References

Andreica, A., Balu, P., &Balu, O. F. (2014). GREEN ECONOMY - FROM THEORY TO PRACTICE. Calitatea, 15, 523-529. Retrieved from https://search.proquest.com/docview/1509436158?accountid=158399

Ayres, R. U. (2018). Sustainability economics: Where do we stand? Ecological Economics, 67(2), 281-310.

Morone, P. (2018). Sustainability transition towards a biobased economy: Defining, measuring and assessing. Sustainability, 10(8), 2631. doi:http://dx.doi.org/10.3390/su10082631

Stevis, D., &Felli, R. (2015). Global labor unions and just transition to a green economy. International Environmental Agreements: Politics, Law and Economics, Greener Management International, (55), 47-62. Retrieved from https://search.proquest.com/docview/211488740?accountid=158399

Stevis, D., &Felli, R. (2015). Global labor unions and just transition to a green economy. International Environmental Agreements: Politics...