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Module - 1 (1.1.3.4) Economic Sustainability

Economic sustainability is problematic because the current global economic model prioritizes profit over environmental protection. Quoting Vivienne Westwood, the document states that practices good for the planet are also good for the economy, while those bad for the planet are bad for the economy. Global economic philosophy should focus on long-term sustainability and balance between prosperity, social systems, and ecological systems. This includes promoting economic independence, equal access to resources, and a circular economy.

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Mazharul Islam
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67 views1 page

Module - 1 (1.1.3.4) Economic Sustainability

Economic sustainability is problematic because the current global economic model prioritizes profit over environmental protection. Quoting Vivienne Westwood, the document states that practices good for the planet are also good for the economy, while those bad for the planet are bad for the economy. Global economic philosophy should focus on long-term sustainability and balance between prosperity, social systems, and ecological systems. This includes promoting economic independence, equal access to resources, and a circular economy.

Uploaded by

Mazharul Islam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Economic Sustainability

Quoting world famous fashion designer and


fierce environmental activist Vivienne
Westwood “What is good for the Planet is good
for the Economy. What is bad for the Planet is
bad for the Economy…Buy less, choose well,
make it last!”1

Economic sustainability proves to be the most


problematic dimension, since the dominating
quality that describes it is Profit – globally,
politically, business-wise. The market is based
on consumerism, being able to sustain the
living, that modern day person is used to, takes
enormous resources. Global economic
philosophy should be focused on long-term,
comprehensive, eco-sensitive cycles of return.
Main priorities are:

- Economic independence;
- Equal access to the resources to meet
one’s needs;
- Balance between prosperity and all
social and ecological systems;
- Promotion of Circular economy.

1https://www.youtube.com/watch?v=L9-
8en9WdDM

Sustainability Expert // Mod. 1 // Unit 1.1 // Topic 1.1.3.4


The European Commission support for the production of this publication does not constitute endorsement of the contents which reflects the views
only of the authors, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

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