Sustainable Prosperity and Development Goals

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What are the three main categories measured by the Human Development Index (HDI)?

Life expectancy, school enrolment, GDP per person (correct)

Literacy rate, employment level, environmental quality

Health, education quality, community engagement

Longevity, economic growth, cultural diversity

What is the primary purpose of the Gross Happiness Index?

To calculate the environmental impact of countries

To address psychological well being and promote sustainable development (correct)

To measure the economic development of a country

To classify countries based on educational performance

Which of the following factors is NOT included in the Gross Happiness Index?

Good governance

Health

Community vitality

Standard of living (correct)

What is the main characteristic of a knowledge economy?

Use of research, education, and information technologies Signup and view all the answers

Which of the following best describes privatization?

The process of selling public services to private companies Signup and view all the answers

What is one potential reason a government might consider privatizing a public service?

To manage costs associated with public services Signup and view all the answers

What defines the primary sector in the context of industry?

Mining and extraction of natural resources Signup and view all the answers

Which index was developed to better understand the quality of life beyond economic indicators?

Human Development Index Signup and view all the answers

What does sustainable prosperity aim to balance?

Environmental, social, and economic factors Signup and view all the answers

What is the main purpose of the 2030 Agenda for Sustainable Development?

To transform approaches for inclusive and sustainable development Signup and view all the answers

Which of the following is NOT a focus area of sustainable development according to the 2030 Agenda?

Population growth Signup and view all the answers

What is a significant drawback of using GDP per person as a measurement of prosperity?

It does not account for wealth distribution Signup and view all the answers

Which index is used to measure the health of a country's economy?

Gross Domestic Product Signup and view all the answers

The Human Development Index (HDI) is a measure that combines which of the following dimensions?

Life expectancy, education, and income Signup and view all the answers

Which of the following terms describes development that meets present needs without compromising future generations?

Sustainable development Signup and view all the answers

Which organization monitors changes in GDP in Canada?

Stats Canada Signup and view all the answers

Study Notes

Sustainable Prosperity

Sustainable prosperity involves practicing stewardship of the environment and resources for future generations
The goal is to balance environmental, social, and economic factors

Key Terms

Sustainable Prosperity
Sustainable Development
Knowledge Economy
Privatization
Global Climate Change

2030 Agenda for Sustainable Development

Initiated in 2015
Consists of 17 goals
Builds on the Millennium Development Goals
Focuses on:
- People
- Planet
- Prosperity
- Peace
- Partnership
Seeks to guide member states towards inclusive, people-centred, and sustainable development, leaving no one behind

Sustainable Development Goals

The UN's blueprint to achieve a better and more sustainable future for all
A universal call to action to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity

GDP (Gross Domestic Product)

Commonly used to measure a country's economic health and prosperity
Measuring GDP per person provides insight into living standards
Changes reflect the health of a nation's economy
Stats Canada monitors GDP
Income and living standards are closely tied to GDP
GDP per person is an average, does not account for all factors, like child labour
Children are included but rarely work in GDP calculations

HDI (Human Development Index)

Created by the UN to measure quality of life, used to categorize countries
Classifies countries as developed, developing, or underdeveloped
Considers how economic policies affect quality of life
Calculated using three main categories:
- Longevity (measured by life expectancy)
- Knowledge (measured by school enrollment and literacy stats)
- Standard of living (measured by GDP per person)

Challenges for Canada (HDI Gap)

Registered Indians experience a lower HDI gap compared to other Canadians
The HDI gap between Registered Indians and other Canadians has shown improvement over time
The graph shows data between 1980 and 2001 for HDI Gap.

Gross National Happiness Index

Created by the King of Bhutan
Designed to address 9 factors:
- Psychological well-being
- Health
- Education
- Time use
- Cultural diversity and resilience
- Good governance
- Community vitality
- Ecological diversity and resilience
- Living standards

Foreign Direct Investment

Purchase of assets in one country by individuals, institutions, or governments in another country
Pros:
- Diversifies investor portfolios
- Promotes stable long-term lending
- Provides financing to developing countries
- Provides technology to developing countries
Cons:
- Not suitable for strategically important industries
- Investors may have less moral attachment
- Unethical access to local markets

Knowledge Economy

Includes businesses and individuals who use research, education, new ideas, and information technologies for practical purposes
Contributes to the development and advancement of technologies and global communication
Technology is becoming obsolete faster

Privatization

Selling public services to private companies
Often due to high costs of running public services
Examples include health care, education, and road maintenance

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Description

Explore the concept of sustainable prosperity, its relation to stewardship of resources, and the pivotal 2030 Agenda for Sustainable Development. This quiz covers key terms such as sustainable development and global climate change, guiding you through the principles aimed at fostering a better future for all.