Sustainable Prosperity and Development Goals
16 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

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?

<p>Use of research, education, and information technologies (D)</p> Signup and view all the answers

Which of the following best describes privatization?

<p>The process of selling public services to private companies (C)</p> Signup and view all the answers

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

<p>To manage costs associated with public services (B)</p> Signup and view all the answers

What defines the primary sector in the context of industry?

<p>Mining and extraction of natural resources (A)</p> Signup and view all the answers

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

<p>Human Development Index (D)</p> Signup and view all the answers

What does sustainable prosperity aim to balance?

<p>Environmental, social, and economic factors (A)</p> Signup and view all the answers

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

<p>To transform approaches for inclusive and sustainable development (A)</p> Signup and view all the answers

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

<p>Population growth (D)</p> Signup and view all the answers

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

<p>It does not account for wealth distribution (A)</p> Signup and view all the answers

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

<p>Gross Domestic Product (A)</p> Signup and view all the answers

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

<p>Life expectancy, education, and income (D)</p> Signup and view all the answers

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

<p>Sustainable development (A)</p> Signup and view all the answers

Which organization monitors changes in GDP in Canada?

<p>Stats Canada (D)</p> Signup and view all the answers

Flashcards

Sustainable Prosperity

The balanced management of resources and the environment for the benefit of future generations, combining environmental, social, and economic factors.

Sustainable Development

A form of development that meets current needs without jeopardizing the ability of future generations to meet their own.

Gross Domestic Product (GDP)

A key measure of a country's economic health and prosperity, calculated as the total value of goods and services produced within a country's borders.

Human Development Index (HDI)

A more holistic measurement of a country's well-being, taking into account aspects like health, education, and standard of living.

Signup and view all the flashcards

Privatization

The practice of transferring ownership of assets or businesses from the public sector to the private sector.

Signup and view all the flashcards

Global Climate Change

The collective changes to Earth's climate system, particularly the warming trend caused by the increase in greenhouse gas concentrations.

Signup and view all the flashcards

Globalization

The interconnectedness of nations and their economies through trade, technology, and cultural exchange.

Signup and view all the flashcards

Prosperity

A state of well-being or flourishing, often associated with factors like wealth, security, and social harmony.

Signup and view all the flashcards

What is the Human Development Index?

The Human Development Index (HDI) is a measurement used to assess the quality of life in different countries.

Signup and view all the flashcards

What are the main components of the HDI?

The HDI focuses on three main categories: longevity, knowledge, and standard of living. Longevity is assessed by life expectancy, knowledge by school enrollment and literacy rates, and standard of living by GDP per person.

Signup and view all the flashcards

What is the Gross Happiness Index (GHI)?

The Gross Happiness Index (GHI) aims to measure the happiness and well-being of a nation by evaluating various factors beyond economic growth, including psychological well-being, health, education, and environmental sustainability.

Signup and view all the flashcards

What is privatization?

Privatization involves transferring the responsibility of a public service, like healthcare or education, from the government to a private company. This decision is often driven by the cost-effectiveness of private management.

Signup and view all the flashcards

What is foreign investment?

Foreign investment occurs when individuals, institutions, or governments from one country invest in assets in another country. This can include acquiring businesses, property, or other investments.

Signup and view all the flashcards

What is a knowledge economy?

The knowledge economy revolves around businesses and individuals utilizing research, education, new ideas, and information technologies for practical purposes. It drives innovation, technological advancement, and global communication. However, it also means technologies become outdated faster than ever.

Signup and view all the flashcards

What are the primary, secondary, and tertiary sectors of the economy?

The primary sector focuses on agriculture and resource extraction. The secondary sector involves manufacturing and industrial processes. The tertiary sector encompasses various services, such as healthcare, education, and transportation.

Signup and view all the flashcards

Why is knowledge and human capital crucial in a knowledge economy?

Education and human capital play a vital role in the knowledge economy. Investing in education and fostering skilled labor contributes to innovation, productivity, and economic growth.

Signup and view all the flashcards

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.

Quiz Team

Related Documents

Chapter 12 Sustainable Prosperity PDF

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.

More Like This

Use Quizgecko on...
Browser
Open
Browser
Browser