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KEY TERMS

Sustainable Prosperity

Sustainable Development

Knowledge Economy

Privatization

Global Climate Change

DIFFERING POINTS OF VIEW 1. Practicing stewardship of the environment and having resources for future generations
DIFFERING POINTS OF VIEW
1.
Practicing stewardship of the environment
and having resources for future generations
2.
Connected to global economic prosperity.
Can mean different things depending on
where you live
3.
Prosperity is linked closely to freer trade
among all countries…resolving trade issues
will lead to prosperity for everyone.

SUSTAINABLE DEVELOPMENT

The UN defines this as:

Development is sustainable when it meets the

needs of the present without compromising the ability of future generations to meet

their needs.

SUSTAINABLE DEVELOPMENT The UN defines this as: Development is sustainable when it meets the needs of

Sustainable Prosperity & Global Interdependence

Salaberry-de-Valleyfield

Read page 281

What things must change if all people are to enjoy sustainable prosperity?

Sustainable prosperity is everyone's responsibility… You need to do your part as an individual!
Sustainable prosperity is
everyone's
responsibility… You
need to do your part as
an individual!
We depend on fossil fuels, so we have to find a happy medium to economic and
We depend on fossil fuels,
so we have to find a
happy medium to
economic and
environmental
sustainability.
Ling

Sustainable prosperity is important for ALL people in the world, and we need to work towards everyone having it!

Sustainable Prosperity & Global Interdependence • Salaberry-de-Valleyfield – Read page 281 • What things must change
Sustainable Prosperity & Global Interdependence • Salaberry-de-Valleyfield – Read page 281 • What things must change

Katerina

Deven

GROSS DOMESTIC PRODUCT

Widely used measure of

the health of a country’s

economy and the

prosperity of its people

Comparing GDP of differing countries provides and idea in difference of

standard of living in

countries GDP is averaged by how

many people live in a

country…children

included. Averages can be deceiving

GROSS DOMESTIC PRODUCT Widely used measure of the health of a country’s economy and the prosperity

Human Development Index

Created by the UN to measure quality of life in UN

member countries Classifies countries as developed, developing, or underdeveloped Based on 3 main categories:

Longevity, measured by life expectancy at birth Knowledge, which is measure by school enrolment and adult literacy Standard of living, measured by GDP per person

OTHER MEASURES
OTHER MEASURES

Some people believe that the GDP and the HDI

leave out important aspects of prosperity.

For example: The King of Bhutan created the Gross National Happiness index in 1972. Focused on the inner happiness and well- being of a people in a country.

He wants to keep Bhutan’s own cultural identity.

ECONOMIC GROWTH AND

SUSTAINABLE PROSPERITY

Continuous economic growth leads to greater prosperity for everyone in a country, but because

so many countries are trying to achieve the same

goal, competition is fierce. Economic globalization has contributed to an

increase in some countries GDP, but has it

contributed to sustainable prosperity?

Economic growth and living standards depends a lot on the success of businesses in a country. For

example: Canadian business pays 25-40% of profit in taxes to the government

TRADE LIBERALIZATION AND

SUSTAINABLE PROSPERITY

Trade liberalization- a process that involves

countries reducing or removing barriers, such

as tariffs and quotas, so

goods and services can move around the world more freely.

Agree- Horst Kohler of

the International

Monetary Fund

Disagree- David Suzuki,

environmentalist

WHY? Page 287