Q2. What is the way to increase natural capital?
The restoration of natural capital, as promoted by the convergent disciplines of restoration ecology and ecological engineering, is the only strategy that attempts to augment the world's rapidly dwindling stocks and resources of natural capital.
Q3. What is the important point of the book?
Although the authors support Brown's first two strategies to restructure the economy and to augment social capital, the authors consider it of primary significance that he highlights, as his third point, the restoration of natural systems, also called the restoration of natural capital.
Q4. What is the important part of the plan?
In search for such a strategy, global analyst Lester Brown suggests a three-prong strategy to achieve sustainability, namely: Sustaining their early 21st century global civilization now depends on shifting to a renewable energy-based, reuse/recycle economy with a diversified transport system.
Q5. What has led to a huge increase in what Gadgil (1995) called ‘?
It has also led to a huge increase in what Gadgil (1995) called ‘ecological refugees’, and also ‘biosphere people’, and an equally alarming decrease in ‘ecosystem people’ (cf. Dasmann, 1972), all of which have potentially deleterious effects as well.
Q6. What is the key to achieving sustainable growth?
The search for appropriate, feasible, yet effective turnkey strategies to mitigate and even overturn the negative environmental effects of the 20th century's growth path is therefore essential.
Q7. What is the cost of restoration and creation of ecosystems?
Restoration and creation of ecosystems is costly—and this is where an understanding of economics, the study of scarcity, can and should address the growing rarity and precarious health of natural and semi-natural systems.
Q8. What would be the impact of such recognition on the pricing of goods and services derived from natural?
Such recognition would have immediate and radical impact on the pricing of goods and services derived from natural capital, as well as the cost of pollution, and on the profitability of ecological restoration.
Q9. What is the significance of the MEA?
The Millennium Ecosystem Assessment (MEA) concluded that humans over the past few decades have changed ecosystems more rapidly and extensively than in any comparable period of time in human history.
Q10. What is the limiting factor to development?
Ecological economist Herman Daly succinctly framed this proposition that natural capital is the limiting factor to development (and therefore in need of augmentation) when he wrote (personal communication, 25 January 2005): More and more, the complementary factor in short supply (limiting factor) is remaining natural capital, not manmade capital as it used to be.
Q11. What is the meaning of the passage?
Just as conserving what remains of ‘wild’ nature now appears as common sense to anyone who has read Balmford et al. (2002), so restoring natural capital could one day emerge as a vital strategy for sustainability of biodiversity and human welfare (Clewell and Aronson, 2006).
Q12. What is the main point of the passage?
To move in a new direction will also require that people and firms in the industrialized countries change their wasteful and prodigal consumption patterns to more prudent ones.
Q13. What is the genesis of the globalised economy?
This is the genesis of the globalised economy that depends on resources from elsewhere to survive and accommodate its market demands.