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Sustainable Development, Society, Economy and Environment Using SETS & VENN Diagram

1) Sustainable development aims to balance environmental protection, economic growth, and social welfare to meet current and future needs. It recognizes that the three pillars of sustainability - environment, economy, and society - are interconnected. 2) For developing countries, sustainable development presents a challenge of whether to prioritize economic growth now at the cost of environmental degradation or focus on environmental conservation for long-term economic benefits. 3) The three pillars of sustainable development - environment, economy, and society - must be balanced to achieve sustainability goals like poverty reduction, gender equality, and clean technology development while protecting ecological services. This balance fosters viable, equitable and bearable development over the short and long term.

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286 views2 pages

Sustainable Development, Society, Economy and Environment Using SETS & VENN Diagram

1) Sustainable development aims to balance environmental protection, economic growth, and social welfare to meet current and future needs. It recognizes that the three pillars of sustainability - environment, economy, and society - are interconnected. 2) For developing countries, sustainable development presents a challenge of whether to prioritize economic growth now at the cost of environmental degradation or focus on environmental conservation for long-term economic benefits. 3) The three pillars of sustainable development - environment, economy, and society - must be balanced to achieve sustainability goals like poverty reduction, gender equality, and clean technology development while protecting ecological services. This balance fosters viable, equitable and bearable development over the short and long term.

Uploaded by

Aarohi
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Sustainable development, Society, Economy and Environment using SETS & VENN

diagram.
The world can be characterized as both developed and developing countries.
Regardless of which end of the spectrum a nation stands, both extremes have caused environmental
stress in the world.
Therefore, it is important to understand the differences, and issues between the developed and
developing nations, to effectively understand the dynamics.
Economic Growth
Hence, we must consider when it comes to economic growth these points:
1) Can we (developing countries) afford to follow the initial steps of the developed world? Striving for
growth now, which leaves in its wake environmental degradation. Or
2) Should we realise the value of our environment today and the benefits for tomorrow, as it contributes
to the overall progress of our economies?
Therefore, we realise that environmental impacts are linked to economic growth (production levels),
because of the cumulative depletion of resources, land use changes with implications for water quality
and biodiversity, rates of exploitation that exceed rates of replacement and waste generated.
Although some may not focus on environmental issues as a consequence of growth, saying that growth
is paramount, we must realise that degradation of the resource base will eventually put economic
activity itself at risk, in turn affecting growth. Therefore, Developing Countries face a challenge of
whether to follow the path of the more Developed Nations, or alternatively, do we focus on
Conservation.
The New Path
However, for every problem there is a solution. The International community has realized the need for a
strategic comprehensive approach to address environmental protection, while at the same time foster
development. As such, this ultimate goal can be achieved through the implementation of Sustainable
Development.
Sustainable Development therefore aims to meet present needs and address short-term issues with the
overall goal of long-term Sustainability.
Therefore, Sustainable Development is an integrated concept that:
1. Requires meeting the basic needs towards the aspiration for a better improved quality life
2. Is based on democracy, where the rule of law is grounded in the respect of fundamental rights.
3. Promotes employment in an economy, whose strength is based on education, innovation, social
cohesion, and the protection of human health and the environment (EEA).
Accordingly, the implementation of Sustainable Development will require progress in three areas, well
known as the three (3) pillars of Sustainable Development, which are Environment,
Economic, and Social.

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These three fundamental pillars are interconnected, so much so, that the actions in one area can reinforce
the goals of another. Thus, this indicates the importance and overall goal of achieving integration and
a balance between the three pillars of Sustainable Development. Accordingly, in striving for a balance
between the pillars, we are in essence trying to achieve sustainability, endeavoring to be:
 Bearable (Society + Environment = Bearable), whereby society works towards life style adjustments.
In that, we are cognisant of our impact and thereafter contribute towards a healthier environment and
well-being.
 Equitable (Society + Economic = Equitable), to fully attain an equal and fair share of a Nation’s
resources to its people. Thus, by having equitable distribution, we help to eradicate poverty, social
inequality and raise the standard of living of the society.
 Viable (Economic + Environment = Viable), where a Nation strives to meet economic growth and
development, while operations are pursued with environmental protection in mind. Therefore,
investments must be feasible to sustain itself, create jobs, contribute to the GDP, and protect the
environment from harm.
Thus, to achieve sustainability, we must find a balance between the three pillars in relation to being
viable, equitable, and bearable. Thereby fostering through Sustainable Development Poverty
alleviation, Gender equality, Capacity building, Clean technology, Clear institutional framework,
Economic growth and development, Sustained biodiversity (protection & conservation of ecological
services). This in turn helps a nation to develop and meet short-term horizons, with long-term
Vision.
Reference:[1] McConnell, Campbell et.al. (2002), Economics Principles, Problems, and Policies. New
York: McGraw-Hill Iriwn.

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