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Essentials of Economic Sustainability
The recent global financial crisis has raised widespread concern for the sustainability of the global economy.Much has been written concerning the negative impacts of economic development on natural ecosystems and civil societies.Unfortunately, few viable alternatives to the prevailing economic paradigms have been suggested for consideration.Those that have been are typically little more than suggestions for fine tuning capitalist or socialist economies. In his new book, John Ikerd addresses the basic principles and concepts essential to economic sustainability.Some of these concepts are capitalist, some are socialistic, and others are general principles validated by philosophy or common sense.What results is a synthesis: something that is neither capitalist nor socialist but fundamentally different; it is sustainable.A special emphasis is placed on the essential, but limited, role of markets in economic sustainability, including the constraints that must be placed on markets to protect nature and society from economic exploitation. Readers of any political and ideological persuasion will find this brief book engaging, informative, optimistic and refreshing.Instead of threats and apocalyptic pronouncements, Ikerd offers possibilities and assurance.Instead of epithets hurled at opponents, Ikerd offers possibilities for reconciliation and a renewed sense of the need to work co-operatively to find solutions to the most urgent problems of our era.
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Tourism, Resilience and Sustainability : Adapting to Social, Political and Economic Change
In a world increasingly faced with, and divided by, regional and global crises, resilience has emerged as a key concept with significant relevance for tourism. A paradigmatic shift is taking place in the long-term planning of tourism development, in which the prevailing focus on sustainability is being enhanced with the practical application of resilience planning.This book provides a critical appraisal of sustainability and resilience, and the relationship between the two.Contributions highlight the complexity of addressing social change with resilience planning in a range of tourism contexts, from islands to mountains, from urban to remote environments, and in a range of international settings.Case studies articulate how tourism is both an agent of social change and a victim of larger change processes, and provide important lessons on how to deal with increasingly unstable economic, social and environmental systems. This is the first book to specifically examine social change and sustainability in tourism through a resilience lens.This much-needed contribution to the literature will be a key resource for those working in tourism studies, tourism planning and management, social geography, and development studies, among others.
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Homage (and Criticism) to the Mediterranean City : Regional Sustainability and Economic Resilience
Departing from conventional narratives centered on economic stagnation and social secularism, this book offers a fresh perspective on Mediterranean urbanities.It posits their correlation with housing and welfare regimes, societal transformations, local governance structures, and deficiencies in spatial planning.The analysis within delves into the neglected potential for mitigating regional disparities, conducting a meticulous examination of environmental disparities, economic imbalances, and overarching social inequalities in Southern European regions.The outcome aims to furnish an integrated, and potentially holistic, understanding of spatial divisions between cities and their surrounding territories.
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The Basic Economic Framework of Sustainability
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What is economic sustainability?
Economic sustainability refers to the ability of an economy to support current and future generations by balancing economic growth with social and environmental responsibility. It involves ensuring that resources are used efficiently and equitably to meet the needs of the present without compromising the ability of future generations to meet their own needs. This includes promoting long-term economic development, reducing inequality, and minimizing negative impacts on the environment. Overall, economic sustainability aims to create a stable and resilient economy that can thrive over the long term.
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Can economic efficiency and productivity develop mutually?
Yes, economic efficiency and productivity can develop mutually. When businesses and industries become more efficient in their operations, they can produce more output with the same amount of input, leading to increased productivity. Similarly, when productivity increases, it can drive economic efficiency by reducing waste and improving resource allocation. Therefore, as businesses and industries focus on improving efficiency and productivity, they can reinforce and support each other's development.
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Does increasing productivity lead to higher economic efficiency?
Yes, increasing productivity can lead to higher economic efficiency. When a company or economy can produce more output with the same input of resources, it can lead to lower production costs and higher profits. This can also lead to lower prices for consumers, which can increase overall economic welfare. Additionally, higher productivity can lead to increased competitiveness in the global market, which can further contribute to economic efficiency.
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What is the relationship between productivity and economic efficiency?
Productivity and economic efficiency are closely related concepts. Productivity refers to the amount of output produced per unit of input, such as labor or capital. When productivity increases, more output is produced with the same amount of input, leading to greater economic efficiency. Economic efficiency, on the other hand, refers to the optimal allocation of resources to maximize output and minimize waste. Therefore, higher productivity often leads to greater economic efficiency as resources are used more effectively to produce goods and services. Conversely, lower productivity can lead to inefficiencies in resource allocation and reduced overall economic efficiency.
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Economic Resilience in Regions and Organisations
Leading researchers on economic resilience from economic geography, economic history and organizational studies discuss recent approaches to better understand the impact of structures, processes, agency, governance and multilevel settings on economic resilience.
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Intellectual Property, Innovation and Economic Inequality
While growing disparities in wealth and income are well-documented across the globe, the role of intellectual property rights is often overlooked.This volume brings together leading commentators from around the world to interrogate the interrelationship between intellectual property and economic inequality.Interdisciplinary and globally oriented by design, the book features economists, legal scholars, policy analysts, and other experts.Chapters address the impact of intellectual property rights on economic inequality, the effect of economic inequality on the protection and enforcement of these rights, and the potential use of innovation law and policy to help reduce economic inequality.The volume also tackles timely issues like race and gender disparities and the North-South divide in innovation.This book is available as Open Access on Cambridge Core.
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Rangeland Sustainability : Social, Ecological, and Economic Assessments
This book provides an integrated description of the indicators of rangeland sustainability that capture ecological, economic, and social dimensions.It takes a fresh look at the information available on current and emerging issues across rangelands, and presents collaborative research for future progress.Authors offer a framework for evaluating rangeland sustainability, the best available data to use, as well as an interactive tool for use at a variety of geographical scales.Readers with limited knowledge of rangelands, as well as professional rangeland ecologists and land managers, will gain an understanding of the best tools available today to assess sustainability across rangeland ecosystems in the U.S.
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Economic Aspects of the Sustainability Transition in Europe
This book comprehensively examines the financial and economic aspects of the ‘sustainability transitions’ demanded by the primary components of the European Green Deal. It asks how the EU has been dealing with the allocation of resources to foster the sustainability transition, how the additional transformations required by the ‘climate emergency’ will be financed and which actors (businesses, governments, citizens) will pay and how.Looking at how the EU has been managing this over time, through changes in the Environment Action Programmes, Structural Funds, or the Multiannual Financial Framework, this book examines policy priorities and analyses the different instruments proposed as part of this evolving context, including market support instruments for renewable energies and the creation of new instruments, such as Climate Awareness Bonds.It also highlights new developments, such as the debate on the role of environmental taxes, or the uneven development across Member States of green financial instruments.This book presents an evolving puzzle into the limited possibilities of the EU to deploy resources that contribute to the overarching goal of achieving a low-carbon economy and illustrates the need for acceptance towards changes and compromises that are required from all affected stakeholders. This book will be of key interest to scholars, students and practitioners of sustainable development, climate governance and EU politics, and more broadly to those working on European Studies, economics, politics, international relations or public policy.
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What is the efficiency and legitimacy of economic growth?
Economic growth can be efficient when it leads to increased productivity, higher living standards, and improved overall well-being for a society. However, the legitimacy of economic growth depends on how it is achieved and distributed. If growth is achieved through sustainable practices and benefits are shared equitably among all members of society, it can be considered legitimate. On the other hand, if growth is achieved at the expense of the environment, or if benefits are concentrated in the hands of a few, it can lead to social inequalities and environmental degradation, undermining its legitimacy.
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How do you assess the economic sustainability of ski tourism in Ischgl?
The economic sustainability of ski tourism in Ischgl can be assessed by looking at various factors such as the diversification of the local economy, the investment in infrastructure and facilities, and the ability to attract visitors throughout the year. Ischgl has been successful in diversifying its economy by offering a range of activities beyond skiing, such as hiking, mountain biking, and cultural events. The continuous investment in modern ski lifts, snowmaking facilities, and accommodations also contributes to the economic sustainability of the ski tourism industry in Ischgl. Additionally, the ability to attract visitors during both the winter and summer seasons helps to ensure a steady flow of income for the local businesses and the community.
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How do you assess the economic sustainability of ski tourism in Sölden?
The economic sustainability of ski tourism in Sölden can be assessed by examining various factors such as the overall revenue generated by the ski industry, the employment opportunities it provides, and the investment in infrastructure and facilities. Additionally, the diversification of the tourism offerings in Sölden, such as summer activities and events, can contribute to the economic sustainability of the region. It is also important to consider the impact of ski tourism on the local economy and the potential for long-term growth and development. Overall, a comprehensive analysis of these factors can provide insights into the economic sustainability of ski tourism in Sölden.
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How are economic cycles and economic growth related?
Economic cycles and economic growth are closely related. Economic cycles refer to the fluctuations in economic activity, including periods of expansion and contraction. Economic growth, on the other hand, refers to the long-term increase in a country's output of goods and services. During an economic expansion phase of the cycle, there is typically higher economic growth, as businesses invest and consumer spending increases. Conversely, during a contraction phase, economic growth tends to slow down or even turn negative. Therefore, economic cycles can have a significant impact on the overall level of economic growth in a country.
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