The Relationship Between Sustainability & Poverty (HL IB Economics)

The Link

Explanation

Poverty as a barrier to sustainability

• When people are trapped in poverty, they may resort to unsustainable practices, such as overexploitation of natural resources to meet their immediate needs

• E.g. Illegal deforestation in Brazil so as to allow greater stock farming

Unsustainable practices exacerbate poverty

• Unsustainable economic activities, such as deforestation, pollution, and overfishing deplete natural resources, degrade ecosystems, and disrupt livelihoods that depend on them

• Impoverished communities bear the brunt of the negative consequences, leading to increased vulnerability and deepening poverty levels

Sustainable development is a pathway out of poverty

• By integrating economic, social, and environmental considerations, sustainable development aims to address poverty alleviation alongside environmental conservation and social equity

• It promotes inclusive growth, access to education and healthcare, and the development of sustainable livelihoods, contributing to poverty reduction

Environmental sustainability and poverty reduction as complementary goals

• Protecting and restoring ecosystems, managing natural resources sustainably, and mitigating climate change can create opportunities for poverty reduction

• E.g. Investments in renewable energy, eco-tourism, and sustainable agriculture can generate income, create jobs, and enhance the well-being of communities living in poverty 

Long-term economic growth through sustainable practices

• Embracing sustainability can lead to long-term growth by protecting natural resources and promoting innovation

• Sustainable business practices, responsible consumption and green technologies can drive economic growth while reducing environmental impacts

• By adopting sustainable practices, societies can secure their future well-being, reduce poverty, and ensure the availability of resources for future generations