Toward universal sustainability: strategies and guidelines
- Authors: Robertson, Struan Ross
- Date: 2019
- Subjects: Sustainability , Sustainable development , Economic development , Social planning
- Language: English
- Type: text , Thesis , Masters , MEcon
- Identifier: http://hdl.handle.net/10962/71591 , vital:29922
- Description: This research considers the notion of universal sustainability, which involves the three well-known pillars of sustainable development, namely, economic development, social development, and environmental sustainability. Critical to achieving this unity of purpose in the aligning of economic and social aspirations with the limits of the natural environment is the enhancing of human capability and the development of political institutions capable of representing the interests of all people by leveraging resources responsibly. Universal sustainability differs from the concept of sustainable development in that the emphasis is cast not on merely achieving economic development despite the challenges presented by social and environmental concerns, but on seeking to understand what a better society might look like that integrates outcomes in-line with these three factors. Universal sustainability is about re-thinking the purpose of material progress to realign this with the need for social cohesion and to reposition human values and expectations safely within ecological boundaries. In other words, strategies and guidelines that promote the realisation of universal sustainability would recommend a society that values economic and technological progress with equal measure to social development and environmental sustainability, as well as all the other factors that promote human wellbeing. Consequently, this research also considers the inter-linkages that are found between economic development (i.e. technological advancement) and social (i.e. normative progress) and societal (i.e. long-term institutional differentiation) development with respect to labour markets, the formation of skills, the scope of welfare regimes and hence, the trajectory of the social reproduction of society. The prospects of environmental sustainability, like that of societal development, are found to be influenced by the values that a society holds and the ability of economic and social factors to adapt in response to the environmental challenges that face societies in socially workable ways. This research concerns the great quest for meaning and purpose that humans have undertaken throughout history, and asks how human wellbeing – in its best, most expansive sense, can be improved and how societies can advance and prosper going forward while keeping the avenue of individual self-actualisation open as a possibility in the everyday lives of citizens? In achieving this end, this research looks at what economic development strategies suggest as tenable against these aspirations. Furthermore, this research looks at the experience of advanced democratic societies to better conceive of how material progress, social cohesion via education and welfare, and environmental sustainability can be attained. The selection of these countries ensures understanding for the kind of political arrangements that safeguard human wellbeing and give voice to freedom, material opportunities, and civic responsibilities. Critical to both these assessments is defining the mechanics that underlie the processes that achieve material and moral progress in human societies. The main goal of this research is to recommend strategies and guidelines for developing countries like South Africa that wish to develop and thrive. Therefore, this research presents an assessment framework for understanding both universal sustainability and how to achieve it. This research concludes that mindfulness about the natural environment and the services it supplies, as well as mindfulness about what drives economic development and what supports the conditions for human flourishing, are necessary for universal sustainability strategies and guidelines to work. Indeed, the ideologies that societies subscribe to and the values they hold are important 84 to creating the right conditions for economic tools to work to advance economic development, material improvement, socio-environmental justice, and ultimately for achieving universal sustainability. But central to both economic and environmental futures is an understanding that at the heart of the matter is a concern for apprehending what drives human behaviour and aspiration, and what creates social cohesion.
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The effects of changing western worldviews on morals and ethics in economics: a protestant perspective
- Authors: Appalraju, Nerusha
- Date: 2017
- Subjects: Economics -- Moral and ethical aspects , Neoclassical school of economics , Capitalism -- Religious aspects -- Protestant churches , Feminist economics , Economics -- Religious aspects , Environmental economics -- Moral and ethical aspects , Smith, Adam, 1723-1790 , Weber, Max, 1864-1920
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/32480 , vital:24050
- Description: The World Economics Association held an online conference in 2012 where they published many papers on ethics in economics. The topic of ethics in economics became more serious and popular following the 2008 financial crisis. However the case for a professional code of ethics in economics is difficult to introduce and implement due to the multidisciplinary approach of the discipline. Therefore authors such as Dow (2012), De Martino (2012), Freeman (2012) and Earl (2012) urged economists to start thinking about ethics in economics from a pluralistic view. This thesis studied the effects of changing Western worldviews on morals and ethics in economics from a Protestant perspective. Numerous authoritative sources were considered and used to create a discussion and analysis of how diverse Western worldviews impact on the type of economics which is prescribed and practiced. It was found that different Western worldviews create various standards of understanding and evaluation, which result in varying opinions on what constitutes as morally or ethically acceptable within the discipline of economics.
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Water service delivery in Harare: a willingness to pay (WTP) analysis
- Authors: Mugomba, Lynsey M
- Date: 2016
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10962/4120 , vital:20614
- Description: In 2008-2009, Harare (Zimbabwe) was the centre of the worst cholera outbreak in Africa in the past fifteen years. A key reason cited was the lack of adequate water service delivery by the Harare City Council (HCC). Harare requires an optimum supply of 1 400 mega litres (ML) of water daily but the HCC has capacity to produce 650ML and after leakages and theft, only 400ML reaches consumers. This inadequacy compromised the hygiene of residents and forced them to resort to unsafe water sources. Coupled with a failing healthcare system, the outbreak resulted in over 4 000 deaths and further affected 100 000 people. The HCC attributes its poor service delivery to the lack of funds rendering them unable to adequately increase capacity and refurbish existing infrastructure (treatment plants and pipelines). This thesis serves to explore whether the residents of Harare (and surrounding satellite towns) would be willing to pay monthly contributions towards the USD$2.5 billion needed for various water capacity and infrastructure projects to ease the water crisis in Harare. The study analyses the water problem using a framework on the typical stages of water provision. The research also places an emphasis on the key social, economic and political factors that are contributing to the problem in Harare. Upon closer inspection, it was seen that the financial problems that the HCC is having are not only due to the economy, but poor management and transparency structures are also to blame. For various reasons, the government has largely lost its credibility with its citizens, leading some to conclude that the government’s actions reflect those of a predatory state. The contingent valuation method (willingness to pay-WTP) was used in conjunction with the dichotomous choice referendum. The binary probit model was used to help assess the degree to which different variables influenced the respondent’s decision to contribute to the needed funds. In spite of the seeming lack of trust, it was found that approximately 66.19% of the respondents were willing to pay. Amongst those willing, the mean willingness to pay amount was approximately USD$7 monthly per household.
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China's African FDI safari : opportunistic exploitation or muturally beneficial to all participants
- Authors: Dreier, Tina , Rhodes University
- Date: 2013 , 2013-04-10
- Subjects: Africa -- Foreign economic relations -- China , China -- Foreign economic relations -- Africa , Investments, Foreign -- China , Foreign direct investment
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:929 , http://hdl.handle.net/10962/d1001455 , Africa -- Foreign economic relations -- China , China -- Foreign economic relations -- Africa , Investments, Foreign -- China
- Description: When implemented within a favourable legislative framework, Foreign Direct Investment (FDI) can produce domestic growth-enhancing spillovers in host countries. Other potential positive effects include the provision of investment capital, the creation of local employment and the transfer of sophisticated technology or advanced knowledge. African nations in particular have been historically reliant on externally-provided funds. Prevailing low income levels, marginal savings rates and the absence of functioning financial markets necessary to provide local start-up capital continue to keep Africa reliant on foreign inflows. Considering China’s increasing financial commitments to Sub- Saharan Africa (SSA) over the last decade, this study examines the state of current Sino-African investment relationships. Specific attention is paid to the outcomes of this strategic bilateral alliance in order to determine whether or not a mutually beneficial investment relationship has evolved. The distinct nature and structure of, the motivation behind and the most significant determinants of Chinese FDI to SSA are all analysed in accordance with traditional FDI theories. A case study approach is used to establish whether China’s contemporary interest in SSA differs from historical investments and to also investigate country-specific commonalities and differences. Of particular relevance to SSA are resource-backed Chinese loans that finance major infrastructure projects in host nations. Interestingly, a lot of the Sino-African investment packages resemble similar deals struck between China and Japan in the 1970s. The results of this study indicate that China’s investment motives seem more diverse than initially expected. Resource-seeking, profit-seeking and market access-seeking reasons appear to be the most important motives. After establishing the Top- Ten recipients of Chinese FDI in SSA, these nations are then classified into three major categories: resource-, oil- or agricultural-rich nations. Undiversified resource- or oil-rich economies are found to have secured the largest shares of Chinese FDI. This study suggests that China’s contemporary “African Safari” is an unconventional way of providing financial assistance. Rather than solely supplying FDI, China finances a diverse mix of instruments, the most important being concessional loans, export credits, zero-interest loans and the establishment of Special Economic Zones. A profound difference to traditional Western investment packages is China’s non-interference approach. Accordingly, Beijing not only refrains from intervening in host countries’ domestic affairs but also refuses to attach formal conditionalties to its loans. China’s “financial safari” into Africa has produced many positive as well as negative effects in host countries. Nevertheless, it would seem that the positive effects outweigh the negative and China’s FDI could contribute to sustainable development in SSA
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