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
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 countriesresolving 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 Prosperity &

Global Interdependence
Salaberry-de-Valleyfield
Read page 281

What things must change if all people are to

enjoy sustainable prosperity?
Sustainable prosperity
Sustainable prosperity is
everyone's
responsibility You
need to do your part as
an individual!

Katerina

We depend on fossil fuels,

so we have to find a
happy medium to
economic and
environmental
sustainability.

Ling

is important for ALL

people in the world,
and we need to work
towards everyone
having it!

Deven

GROSS DOMESTIC PRODUCT

Widely used measure of
the health of a countrys
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
countrychildren
included.
Averages can be deceiving

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
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 wellbeing of a people in a country.
He wants to keep Bhutans 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?
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