c) Explain why the traditional indicators of welfare (GDP and GNP) are inadequate as measures of sustainable development.

Crisis managers benefit from understanding how crisis communication can be used to protect reputational assets during a crisis. Coombs’s Situational Crisis Communication Theory (SCCT) offers a framework for understanding this dynamic. Consider the following scenario in relation to the SCCT framework
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c) Explain why the traditional indicators of welfare (GDP and GNP) are inadequate as measures of sustainable development.

Question 1 ((20 marks)
The belief that trade has the potential to profoundly affect the environment has forced economists to assess a number of hypothesis. Discuss the following hypothesis/issues as they relate to trade and environment:
(i) Pollution Haven hypothesis. (5 marks)
(ii) Environmental Kuznets Curve (EKC) hypothesis. (6 marks)
(iii) North-South trade issue. (5 marks)
(iv) Porter’s Hypothesis. (4 marks)

Question 2 (20 marks)
(a) Discuss the following approaches to sustainability:
(i) Pierce-Atkinson Measure (PAM). (4 marks)
(ii) Daly’s operational principles. (4 marks)
(iii) Non-Declining natural capital approach. (4 marks)

(b) Discuss sustainability according to the following perspectives:-
(i) The Neo-classical economics definition. (3 marks)
(ii) Materials balance approach. (3 marks)
(iii) The Sociologists’ perspective. (2 marks)

 

 

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