Chapter 1 - Introduction to Globalisation & Sustainability.pdf

GLOBALIZATION AND SUSTAINABILITY www.isb.edu.vn  About me Dr. Pham Thuy Thuy Dung, PhD of Business Former Country Sales Manager of Weichai Vietnam Former Sales Manager of Cummins DKSH Vietnam Former Business Development Manager of OSC Marine...

GLOBALIZATION AND SUSTAINABILITY www.isb.edu.vn  About me Dr. Pham Thuy Thuy Dung, PhD of Business Former Country Sales Manager of Weichai Vietnam Former Sales Manager of Cummins DKSH Vietnam Former Business Development Manager of OSC Marine EDUCATION BACKGROUND Former Import and Export Manager of Bach Viet JSC Email: [email protected] Bachelor of International Trade, Foreign Trade University Master of Business Administration and Marketing, ISB-UEH PhD of Business, Feng Chia University 06/11/2024 www.isb.edu.vn  Self-introduction What is your name and where are you from (country/province)? What is your major? What is your learning expectation for this course? 06/11/2024 www.isb.edu.vn  Assessment Overview Weight No. Assessment task Type of Task Note Due date (%) 1 In-class quiz 15% Individual Multiple Choice Week 10 2 Team Presentation and Debate 25% Group Pre-Assigned Paper Midday 1 day before Session 5 Team Report 30% Group With Guest Lecturer Week 15 6 Final Exam 30% Individual 120mins, closed book test TBA TOTAL 100% 06/11/2024 www.isb.edu.vn  Your group 06/11/2024 www.isb.edu.vn  Class Design Consist of three parts per section 1. Section lecturing 2. Presentation/Debate  groups present and debates  Topic for each group is pre-assigned. 3. In class activity: case discussion 06/11/2024 www.isb.edu.vn  Section 1: Introduction to Sustainability 1. What is Sustainability? 2. Trends in Sustainability 3. Sustainability in Vietnam 4. Activity: Tragedy of the commons 06/11/2024 www.isb.edu.vn  Learning objectives Understand the basic concept of sustainability and globalization. Get familiar with UNSDGS. Get to know the trends of sustainability. 06/11/2024 www.isb.edu.vn  Learning outcomes Understand Globalization and Sustainability. Prepare foundation knowledge for exploring the next sections. 06/11/2024 www.isb.edu.vn  Video: Two minutes to understand sustainable development https://www.youtube.com/watch?v=jfsWI8XgQyo&ab_channel=BICGroupOfficial 06/11/2024 www.isb.edu.vn  Class Discussion What is sustainability? 06/11/2024 www.isb.edu.vn  Sustainable Development Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It contains within it two key concepts: The concept of “needs,” in particular the essential needs of the world’s poor, to which overriding priority should be given; and The idea of limitations imposed by the state of technology and social organization on the environment’s ability to meet present and future needs. => the satisfaction of essential needs should drive economic and political systems 06/11/2024 www.isb.edu.vn  United Nations - Sustainable Development Goals (UN-SDGS) UN-SDGS 17 goals The Sustainable Development Goals are a call for action by all countries to promote prosperity while protecting the planet. They recognize that ending poverty must go hand-in-hand with strategies that build economic growth and address a range of social needs including education, health, social protection, and job opportunities, while tackling climate change and environmental protection. More important than ever, the goals provide a critical framework for COVID-19 recovery. 06/11/2024 www.isb.edu.vn 06/11/2024 www.isb.edu.vn  The multidimensional concept of sustainability Human needs and sustainability 8 key dimensions of sustainability 06/11/2024 www.isb.edu.vn  Human needs and sustainability The industrialized world gave us convenience, but that convenience is not sustainable A human need: “any need, both physiological and psychological, that is inherently universal, across both space and time, for our species” Different groups will have different actions and value systems in an effort to realize only their perceived needs 06/11/2024 www.isb.edu.vn  Key dimensions of sustainability 1. Environmental Sustainability: This dimension focuses on preserving and protecting natural ecosystems and resources. It involves reducing the ecological footprint, conserving biodiversity, minimizing pollution, and mitigating climate change. Environmental sustainability also emphasizes the responsible use of renewable resources to ensure their availability for future generations. 06/11/2024 www.isb.edu.vn  Key dimensions of sustainability (cont) 2. Social Sustainability: Social sustainability concerns the well-being and quality of life of individuals and communities. It involves promoting equity, social justice, and human rights. Key aspects include access to education, healthcare, clean water, and sanitation, as well as addressing issues like poverty, inequality, and social cohesion. 06/11/2024 www.isb.edu.vn  Key dimensions of sustainability (cont) 3. Economic Sustainability: Economic sustainability emphasizes the responsible use of economic resources to support long-term prosperity. It involves practices such as fiscal responsibility, responsible business practices, and the pursuit of economic growth that does not compromise future economic opportunities. Sustainable economic systems aim to balance profitability with ethical and social considerations. 06/11/2024 www.isb.edu.vn  Key dimensions of sustainability (cont) 4. Cultural Sustainability: This dimension recognizes the importance of preserving cultural heritage, traditions, and identities. It involves promoting cultural diversity and safeguarding intangible cultural assets. Cultural sustainability is crucial for maintaining social cohesion and a sense of identity within communities. 06/11/2024 www.isb.edu.vn  Key dimensions of sustainability (cont) 5. Institutional Sustainability: Institutions, including governments, businesses, and organizations, play a vital role in sustainability. Institutional sustainability involves promoting transparency, accountability, and good governance. Effective institutions are necessary to implement and enforce policies and regulations that support sustainability goals. 06/11/2024 www.isb.edu.vn  Key dimensions of sustainability (cont) 6. Technological Sustainability: This dimension focuses on the development and use of technology that supports sustainability objectives. It includes innovations in clean energy, sustainable agriculture, waste reduction, and efficient transportation. Technological sustainability aims to minimize the negative impacts of technology on the environment and society while harnessing its potential for positive change. 06/11/2024 www.isb.edu.vn  Key dimensions of sustainability (cont) 7. Ethical and Moral Sustainability: Ethical and moral sustainability addresses the values and principles that guide decision-making and behavior. It involves promoting ethical conduct, responsibility, and respect for the rights and dignity of all individuals. This dimension emphasizes the importance of ethical frameworks in achieving sustainability goals. 06/11/2024 www.isb.edu.vn  Key dimensions of sustainability (cont) 8. Intergenerational Sustainability: This dimension underscores the responsibility of the current generation to ensure that the needs and opportunities of future generations are not compromised. It involves making choices that consider the long- term consequences of actions and policies, including the preservation of natural resources and the avoidance of intergenerational inequity. 06/11/2024 www.isb.edu.vn  Sustainability in Vietnam 1. Environmental Conservation: - Bio-diversity: Vietnam is known for its rich biodiversity and unique ecosystems, including forests, wetlands, and coastal areas. Efforts are being made to conserve these natural resources through protected areas and wildlife conservation projects. - Deforestation: Illegal logging and deforestation have been significant problems, affecting the country's forests and biodiversity. The government has taken steps to combat this issue through stricter regulations and reforestation programs. - Water Pollution: Pollution of rivers and water bodies, primarily from industrial discharges and agricultural runoff, is a concern. Vietnam is working to improve water quality through stricter environmental standards 06/11/2024 and wastewater treatment facilities. www.isb.edu.vn  Sustainability in Vietnam (cont) 2. Economic Development: - Green Growth: Vietnam is increasingly focusing on green and sustainable economic development. This includes promoting renewable energy, sustainable agriculture, and eco-friendly manufacturing practices. - Circular Economy: Initiatives to promote a circular economy, reduce waste, and encourage recycling and reusing resources are gaining traction in Vietnam. 06/11/2024 www.isb.edu.vn  Sustainability in Vietnam (cont) 3. Social Equity: - Poverty Alleviation: Despite significant economic growth, income inequality remains a challenge in Vietnam. The government is working on policies to reduce poverty and improve access to education, healthcare, and social services for all citizens. - Labor Rights: Ensuring fair labor practices and worker rights is crucial for sustainability. Vietnam is addressing labor issues, such as workplace safety and fair wages, to improve the overall well-being of its workforce. 06/11/2024 www.isb.edu.vn  Sustainability in Vietnam (cont) 4. Climate Change Mitigation and Adaptation: - Rising Sea Levels: Vietnam is one of the countries most vulnerable to the impacts of climate change, particularly rising sea levels. The government is investing in infrastructure to protect coastal areas and communities. - Renewable Energy: Vietnam is actively promoting renewable energy sources like wind and solar power to reduce greenhouse gas emissions and dependence on fossil fuels. - Carbon Reduction: The country has set targets to reduce carbon emissions and is working on policies and initiatives to achieve these goals. 06/11/2024 www.isb.edu.vn  Sustainability in Vietnam (cont) 5. Urbanization and Infrastructure: - Sustainable Cities: Rapid urbanization is a trend in Vietnam. Cities are exploring sustainable urban planning and transportation systems to manage population growth and reduce environmental impacts. - Public Transportation: Expanding public transportation networks and promoting the use of bicycles and electric vehicles are strategies to reduce traffic congestion and air pollution. 06/11/2024 www.isb.edu.vn  Sustainability in Vietnam (cont) 6. Cultural Heritage: - Preserving cultural heritage and traditional practices is also part of sustainability efforts. Vietnam places importance on maintaining its cultural identity while embracing modernization. 06/11/2024 www.isb.edu.vn TRAGEDY OF COMMONS www.isb.edu.vn