Indigenous economics is a field of economic study that explores the economic systems, practices, theories, and philosophies unique to indigenous peoples. [1] This approach to economics examines how such groups understand, interact with, and manage resources within their specific cultural contexts. [2] Indigenous economics puts emphasis on communal values, sustainability, and connection with land and environment. [3] [4]
Indigenous economics emerged in the latter half of the 20th century as scholars attempted to gain a broader understanding of the ways actual economies operated in places that had not adopted markets or government control as the primary approach to managing economic activity. [5] [6] Globalization, colonialism, and sustainability are among the economic trends that affect such contexts. [7] [8]
Indigenous economics is rooted in the beliefs, norms, and values of individual indigenous communities. Certain concepts often arise: [7] [9] [10]
Sustainable development is an organizing principle that aims to meet human development goals while also enabling natural systems to provide necessary natural resources and ecosystem services to humans. The desired result is a society where living conditions and resources meet human needs without undermining the planetary integrity and stability of the natural system. Sustainable development tries to find a balance between economic development, environmental protection, and social well-being. The Brundtland Report in 1987 defined sustainable development as "development that meets the needs of the present generation without compromising the ability of future generations to meet their own needs". The concept of sustainable development nowadays has a focus on economic development, social development and environmental protection for future generations.
Natural capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services. All of these underpin our economy and society, and thus make human life possible.
Environmental economics is a sub-field of economics concerned with environmental issues. It has become a widely studied subject due to growing environmental concerns in the twenty-first century. Environmental economics "undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. ... Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming."
Ecotourism is a form of tourism marketed as "responsible" travel to natural areas, conserving the environment, and improving the well-being of the local people. The stated purpose may be to educate the traveler, to provide funds for ecological conservation, to directly benefit the economic development and political empowerment of local communities, or to foster respect for different cultures and human rights.
Ecological economics, bioeconomics, ecolonomy, eco-economics, or ecol-econ is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolution of human economies and natural ecosystems, both intertemporally and spatially. By treating the economy as a subsystem of Earth's larger ecosystem, and by emphasizing the preservation of natural capital, the field of ecological economics is differentiated from environmental economics, which is the mainstream economic analysis of the environment. One survey of German economists found that ecological and environmental economics are different schools of economic thought, with ecological economists emphasizing strong sustainability and rejecting the proposition that physical (human-made) capital can substitute for natural capital.
Agroecology is an academic discipline that studies ecological processes applied to agricultural production systems. Bringing ecological principles to bear can suggest new management approaches in agroecosystems. The term can refer to a science, a movement, or an agricultural practice. Agroecologists study a variety of agroecosystems. The field of agroecology is not associated with any one particular method of farming, whether it be organic, regenerative, integrated, or industrial, intensive or extensive, although some use the name specifically for alternative agriculture.
Community-based economics or community economics is an economic system that encourages local substitution. It is similar to the lifeways of those practicing voluntary simplicity, including traditional Mennonite, Amish, and modern eco-village communities. It is also a subject in urban economics, related to moral purchasing and local purchasing.
Economic anthropology is a field that attempts to explain human economic behavior in its widest historic, geographic and cultural scope. It is an amalgamation of economics and anthropology. It is practiced by anthropologists and has a complex relationship with the discipline of economics, of which it is highly critical. Its origins as a sub-field of anthropology began with work by the Polish founder of anthropology Bronislaw Malinowski and the French Marcel Mauss on the nature of reciprocity as an alternative to market exchange. For the most part, studies in economic anthropology focus on exchange.
A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be efficient, but also fair. Fairness implies recognizing global and country level equity dimensions, particularly in assuring a Just Transition to an economy that is low-carbon, resource efficient, and socially inclusive."
Environmental resource management or environmental management is the management of the interaction and impact of human societies on the environment. It is not, as the phrase might suggest, the management of the environment itself. Environmental resources management aims to ensure that ecosystem services are protected and maintained for future human generations, and also maintain ecosystem integrity through considering ethical, economic, and scientific (ecological) variables. Environmental resource management tries to identify factors affected by conflicts that rise between meeting needs and protecting resources. It is thus linked to environmental protection, resource management, sustainability, integrated landscape management, natural resource management, fisheries management, forest management, wildlife management, environmental management systems, and others.
Solidarity economy or Social and Solidarity Economy (SSE) refers to a wide range of economic activities that aim to prioritize social profitability instead of purely financial profits. A key feature that distinguishes solidarity economy entities from private and public enterprises is the participatory and democratic nature of governance in decision-making processes as one of the main principles of the SSE sector. Active participation of all people involved in decision-making procedures contributes to their empowerment as active political subjects. However, different SSE organizational structures reflect variations in democratic governance and inclusive participation. Ultimately, SSE represents a crucial tool in guaranteeing that social justice ideals are upheld and that the wellbeing of the most vulnerable populations is paid attention to during the planning processes.
Degrowth or post-growth economics is an academic and social movement critical of the concept of growth in gross domestic product as a measure of human and economic development. Degrowth theory is based on ideas and research from a multitude of disciplines such as economics, economic anthropology, ecological economics, environmental sciences and development studies. It argues that the unitary focus of modern capitalism on growth, in terms of monetary value of aggregate goods and services, causes widespread ecological damage and is not necessary for the further increase of human living standards. Degrowth theory has been met with both academic acclaim and considerable criticism.
Sustainability is a social goal for people to co-exist on Earth over a long time. Specific definitions of this term are disputed and have varied with literature, context, and time. Experts often describe sustainability as having three dimensions : environmental, economic, and social, and many publications emphasize the environmental dimension. In everyday use, sustainability often focuses on countering major environmental problems, including climate change, loss of biodiversity, loss of ecosystem services, land degradation, and air and water pollution. The idea of sustainability can guide decisions at the global, national, and individual levels. A related concept is sustainable development, and the terms are often used to mean the same thing. UNESCO distinguishes the two like this: "Sustainability is often thought of as a long-term goal, while sustainable development refers to the many processes and pathways to achieve it."
Environmental issues are disruptions in the usual function of ecosystems. Further, these issues can be caused by humans or they can be natural. These issues are considered serious when the ecosystem cannot recover in the present situation, and catastrophic if the ecosystem is projected to certainly collapse.
In economics and economic sociology, embeddedness refers to the degree to which economic activity is constrained by non-economic institutions. The term was created by economic historian Karl Polanyi as part of his substantivist approach. Polanyi argued that in non-market societies there are no pure economic institutions to which formal economic models can be applied. In these cases economic activities such as "provisioning" are "embedded" in non-economic kinship, religious and political institutions. In market societies, in contrast, economic activities have been rationalized, and economic action is "disembedded" from society and able to follow its own distinctive logic, captured in economic modeling. Polanyi's ideas were widely adopted and discussed in anthropology in what has been called the formalist–substantivist debate. Subsequently, the term "embeddedness" was further developed by economic sociologist Mark Granovetter, who argued that even in market societies, economic activity is not as disembedded from society as economic models would suggest.
The opposition between substantivist and formalist economic models was first proposed by Karl Polanyi in his work The Great Transformation (1944).
The archaeology of trade and exchange is a sub-discipline of archaeology that identifies how material goods and ideas moved across human populations. The terms “trade” and “exchange” have slightly different connotations: trade focuses on the long-distance circulation of material goods; exchange considers the transfer of persons and ideas.
Planning cultures are the differing customs and practices in the profession of urban and regional planning that exist around the world. The discourse, models, and styles of communication in planning are adapted to the various local conditions of each community such that planning approaches from one part of the world are not necessarily transferable to other parts of the globe. Planning culture can refer to how planning professionals undertake their practice in a given location, where they are "affected by both individual and collectively shared cognitive frames" that shape their view of the world. Planners, as stated by Simone Abram, are "constantly in the process of actually producing culture". The concept of planning culture also encompasses how planning actually unfolds within a community, as shaped by its culture and influenced by its people. Differing cultural contexts produce different planning and policy responses to issues "bound to specific local (cultural) contexts". Examples of planning cultures include those specific to different countries, regions, and parts of the globe, as well as differing cultures that exist within the same location, such as indigenous planning cultures.
Environmental conflicts or ecological distribution conflicts (EDCs) are social conflicts caused by environmental degradation or by unequal distribution of environmental resources. The Environmental Justice Atlas documented 3,100 environmental conflicts worldwide as of April 2020 and emphasised that many more conflicts remained undocumented. Parties involved in these conflicts include locally affected communities, states, companies and investors, and social or environmental movements; typically environmental defenders are protecting their homelands from resource extraction or hazardous waste disposal. Resource extraction and hazardous waste activities often create resource scarcities, pollute the environment, and degrade the living space for humans and nature, resulting in conflict. A particular case of environmental conflicts are forestry conflicts, or forest conflicts which "are broadly viewed as struggles of varying intensity between interest groups, over values and issues related to forest policy and the use of forest resources". In the last decades, a growing number of these have been identified globally.
Environmentalism of the poor is a set of social movements that arise from environmental conflicts when impoverished people struggle against powerful state or private interests that threaten their livelihood, health, sovereignty, and culture. Part of the global environmental justice movement, it differs from mainstream environmentalism by emphasizing social justice issues instead of emphasizing conservation and eco-efficiency. It is becoming an increasingly important force for global sustainability.