Econ Development Lesson 10
Econ Development Lesson 10
Agriculture and
Industrialization
Economic Development:
Lesson 10
Sustainable Agriculture
The United Nations Development of Economic and
Social Affairs (UN-DESA) released the 17
Sustainable Development Goals (SDG-17) adopted
by all members countries of the UN, one of them is
SDG-2:
Sustainable Agriculture
Before the COVID-19
pandemic of 2020, the
world was already suffering
from food security,
classified as moderate to
severe from 23.2% of the
population to 26.4% from
2014 to 2018.
Sustainable Agriculture
The pandemic adversely
affected food producers,
comprising 40% to 85% of all
food producers in developing
regions.
Sustainable Agriculture
Apart from this, risks such as climate shocks, locust
crises, and conflicts greatly affect agriculture.
Hence, the SDG-2 aims to solve this global problem.
Sustainable Agriculture
The UN targets the following indicators:
BENEFITS COSTS
• Conservation of the ecosystem • Disturbance to wild species of
• Allowing environmental flora and fauna
recuperation • May lead to overproduction of
• Environmental awareness species
• Promotion of culture and • May cause pollutants by tourists
indigenous peoples • Budget of more significant
• Financial and economic benefits purpose may be diverted to
ecotourism
• Negative externalities
Ecotourism
One way of not exploiting
the natural resources is
catering to tourists to
experience the natural
habitat of our food supply
in a non-detrimental
manner.
Ecotourism
In this way, we may conserve the
natural design of the land and
seas by just appreciating the
beauty in the surroundings
without the complications of
cultivation, deforestation,
extreme farming, and water
acidification.
Ecotourism
Sustainability can be defined
in a plethora of ways, and it is
in economics and the wider
social sciences. These can
include monetary values, value
in terms of wider sets of
attributes as well as temporal
component.
Ecotourism
Ecotourism is centering on
environmental sustainability
by preserving resources and
allowing them to recuperate
and produce more for future
generations, although we can
say that this has a small impact
on the food production from
agriculture.
Ecotourism
Still, it is beneficial to the
locality by providing revenue
from tourists and promotion
of the cultural heritage of the
area and empowering the
identity of people, hence,
economic development.
Ecotourism
There must be a balance between the environment
and the socioeconomic impact or ecotourism to
realize its value to economic development.
Ecotourism
The idea of minimized exploited areas of land and
seas and diverting them to a more sustainable purpose
like that of tourism may be a good indication that
the ecosystem is somehow protected, biodiversity
is given an opportunity to produce more, and the
hazard of over-exploitation is prevented.
Ecotourism
But at the same time, it should make money,
provide employment to the locality, and protect
the culture and identity of the indigenous peoples.
Industrialization
Industrialization is one of the key factors of
economic growth and development, not to mention
the proper use of natural resources, utilization of real
or physical assets, and employment of labor or the
population.
This includes the regulation of economic activities of
an institutional framework, the government. There is
a need to revolutionize how goods and services were
produced.
Industrialization
We can synonymously compare industrialization to
technology and financial dominance of an economy.
Industrialization
Importation Exportation
Modes of Industrialization
Mercantilism
• In protecting the economy of one’s country
or state, it is important to optimize net
exports. This adds to more products and
services available to its people and affects
the increase of the GDP of the country.
Modes of Industrialization
Protectionism
Laissez-faire
Importation
Exportation