Selected for the Global Economic Symposium 2010
The following global developments are on collision course: (1) the surge in global population, currently expected to reach 8.9 billion by 2049, up from just 2.5 billion a century earlier, (2) rising demands for higher and more diversified consumption, fuelled by economic success and the celebration of wealth, (3) the rapid and accelerating destruction of our inherited natural capital (ground water, marine life, terrestrial biodiversity, crop- and grazing land and our life-enabling atmosphere) and (4) deepening pockets of poverty, rapidly growing urban slums, collapsing states and uncontrolled migration, heightening the risk of new pandemics. The increasing tension between rising populations, with expanding needs and desires, and the limited, falling stock of natural capital is not sustainable. Most new population growth will occur among the very poor, moreover, in remote rural areas and shantytowns around huge cities. Problems of ungovernability, terrorism and new migratory waves are foreseeable. The collapse of weak states will sharpen political and cultural tensions and deepen poverty. The interconnectedness of the global economy means that, according to the principle of subsidiarity, the lowest level of organization at which the spillovers can be addressed is the supranational level.
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