Is There a Trade-Off Between Economic Development and Environmental Sustainability?

Essay aus dem Jahr 2019 im Fachbereich BWL - Wirtschaftspolitik, Note: 2,0, Københavns Universitet, Sprache: Deutsch, Abstract: Over the last 25 years, the global economy has doubled, while half of the total ecosystem has been degraded. Global carbon emissions have been known increased by 40% since 1990. However, economic growth, which is supposed to bring prosperity, has been limited to a few countries, mainly located in the Global North.
The today's world is characterized by substantial global inequalities: For example, one fifth of the world's population earns only 2% of the global income. Countries of the Global South are also striving for the prosperity of the northern countries. But what does a world look like in which 8 billion people live at western prosperity levels and what consequences will result? Can sustainable development take place to that huge extent?