Achieving sustainable development requires tradeoffs As the discussion above indicates, a sustainable development agenda requires tradeoffs across three components: economic, social and environmental. Wave of globalization is a means of communication between states, between economies and between different types of behavioral knowledge, represents a transition to a new model of economic growth and development, sustainable development. While the idea seems simple on the surface, it quickly becomes counterintuitive when examined more deeply. Gaëlle Lopes Saraiva May 2016 Master’s Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of … Get in touch, share your ideas, and discover how we can work together for a sustainable, just, and equitable future. Definition and Examples of Globalization . Academia.edu is a platform for academics to share research papers. Components of Globalization . Jonathan Köhler 1. Globalization and Sustainable Development: Case Study on International Transport and Sustainable Development Show all authors. Modern entrepreneurs and employees need the ability to catch subtle nuances of people's manner of speech when communicating across cultures. Globalization’s environmental, social and economic implications, (with a focus on global sourcing, supply chains and CSR) for business managers and will identify and evaluate company specific best practices. McDonald's in Japan, French films being played in Minneapolis, and the United Nations are all representations of globalization. Benefits . Population growth, population ageing and decline, as well as migration and urbanization, affect virtually all development objectives that are on top of national and global development agendas. Many of these discussions are approached from a historical perspective, Globalization contributes to economic growth and thereby affects the environment in many of the same ways that economic growth does: adversely in some stages of development, favorably at others. Contents 1. He asserted that sustainable development was the key to improved health, since the poverty driving ill-health was interconnected with factors such as poor economic growth, inequity, globalization, environmental degradation and weak health services. Business implications The issue of Globalization and sustainable development brings to the table a whole new set of business risks. Economic globalization impacts the environment and sustainable development in a variety of ways and through a multitude of channels. The components of globalization include GDP, industrialization, and the Human Development Index (HDI). Globalization: A Research Guide to Resources in the Princeton University Library provides useful information, statistical and otherwise, on globalization. Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. Recent debates about globalization have led to a renewed interest in the reasons for inequality in development and, thus, wealth distribution among the world's nations. The core benefit of globalization is the comparative advantage—that is, the ability of one country to produce goods or services at a lower opportunity cost than other countries. 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