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Topic 4.7Economics14 flashcards

Sustainable development

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Card 1 of 144.7.1
4.7.1
Question

What is the difference between economic growth and economic development?

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All Flashcards in Topic 4.7

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4.7.15 cards

Card 1comparison
Question

What is the difference between economic growth and economic development?

Answer

Economic growth is an increase in real GDP โ€” a quantitative measure of output. Economic development is a broader qualitative concept that includes improvements in living standards, health, education, equality, and freedom.

๐Ÿ’ก Hint

Growth = more output. Development = better lives.

Card 2definition
Question

What is sustainable development?

Answer

Development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs (Brundtland definition, 1987). It balances economic, social, and environmental goals.

๐Ÿ’ก Hint

Meet today's needs without harming tomorrow's.

Card 3concept
Question

Why can economic growth conflict with sustainability?

Answer

Growth often involves exploiting natural resources, increasing pollution, and depleting non-renewable resources. This creates negative externalities and environmental degradation that undermine long-term well-being and ecological balance.

๐Ÿ’ก Hint

Growth can destroy the environment it depends on.

Card 4concept
Question

What are the three pillars of sustainable development?

Answer

1) Economic sustainability: maintaining productive capacity and income. 2) Social sustainability: equity, health, education, well-being. 3) Environmental sustainability: preserving natural capital for future generations.

๐Ÿ’ก Hint

Economic + social + environmental.

Card 5concept
Question

Can economic growth be sustainable?

Answer

Yes โ€” if growth is driven by green technology, renewable energy, efficient resource use, and circular economy practices. "Green growth" aims to decouple economic output from environmental degradation.

๐Ÿ’ก Hint

Green growth decouples output from pollution.

4.7.25 cards

Card 6definition
Question

What are the UN Sustainable Development Goals (SDGs)?

Answer

A set of 17 global goals adopted in 2015 with targets for 2030. They cover poverty, hunger, health, education, gender equality, clean water, energy, growth, inequality, climate, and more. They apply to all countries.

๐Ÿ’ก Hint

17 goals, targets for 2030, universal.

Card 7example
Question

Name three economically-focused SDGs.

Answer

SDG 1: No Poverty. SDG 8: Decent Work and Economic Growth. SDG 10: Reduced Inequalities. These address the economic dimension of sustainable development โ€” growth that is inclusive and benefits all.

๐Ÿ’ก Hint

Poverty, decent work, inequality.

Card 8concept
Question

How do the SDGs link economic and environmental goals?

Answer

The SDGs recognise that economic progress cannot be sustained without environmental protection. Goals like SDG 13 (Climate Action) and SDG 15 (Life on Land) sit alongside growth goals, requiring integrated policy approaches.

๐Ÿ’ก Hint

Economic growth must not destroy the environment.

Card 9concept
Question

What are the challenges of achieving the SDGs?

Answer

Lack of funding, conflicting goals (e.g. growth vs. climate), lack of enforcement (goals are voluntary), corruption, war, and wealthy nations not meeting aid commitments. Progress has been uneven across countries.

๐Ÿ’ก Hint

Money, politics, enforcement, conflicts between goals.

Card 10concept
Question

How can the SDGs be used in IB Economics exam answers?

Answer

Reference specific SDGs to support arguments about development policies. For example, discuss trade liberalisation in the context of SDG 8 (growth) and SDG 10 (inequality), or environmental policy via SDG 13 (climate action).

๐Ÿ’ก Hint

Cite specific SDG numbers to strengthen evaluation.

4.7.34 cards

Card 11concept
Question

Why do poor households often overuse natural resources?

Answer

They depend directly on forests, soil and fish for food, fuel and income, and cannot afford alternatives such as other fuels or fertiliser.

๐Ÿ’ก Hint

No alternatives.

Card 12concept
Question

How does environmental damage deepen poverty?

Answer

Exhausted soil, lost forests and depleted fish stocks lower harvests and incomes, and pollution harms health, so households become poorer.

๐Ÿ’ก Hint

Less to live on.

Card 13concept
Question

How does poverty harm economic sustainability?

Answer

Children leave school to work (low human capital), households cannot save or borrow to invest, and debt builds up.

๐Ÿ’ก Hint

Skills, finance, debt.

Card 14concept
Question

Which diagram shows poverty and the environment feeding each other?

Answer

A poverty cycle: low income, overuse of resources, less to live on, lower income again.

๐Ÿ’ก Hint

A cycle.

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