Select one important sustainability issue of global significance and express this issue in no more than one short sentence
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Poverty is the most important issue of sustainable development from everywhere. The aim of seven associates is to end the poverty of all the people from everywhere, at-least reduce of half of the poverty from men, women and children's from poverty (Shah, 2016). National appropriate social protection system is implemented to reduce the poverty by 2030 to achieve sustainable coverage over poverty. Some of the actions has to be taken to remove the poverty that are improvement in livelihoods, job opportunities, the available resource's utilization, social need etc. Near about 1.3 billion people live below poverty line. 900 million people are undernourished and approximately 1 billion suffer from vitamin and minerals. Poverty and sustainability are strongly connected(Lloyd-Jones and Rakodi, 2014).
Describe the key economic elements of this global sustainability issue
The key economic element of poverty are growth, development and productivity. Growth create job opportunities. Increase in the rate of employment will increase the growth. Wages for less skilled people has been increased with the increase in the GDP worldwide. This is the indicate for the increase in the livelihoods of the people below poverty line. Growth is just not to decrease the poverty it also includes the development of the people. Growth and development will be there if the government provide the public services to the people below poverty line (Pearce and et.al.,2013). Increase in the country tax will increase the budget to spent on the development of the people. Improvement will be in the health and education. Higher the income level higher will be the growth.
Discuss the two ethical problems identified in part 5 drawing on relevant ethical theory
The two ethical problems are poverty as label and another is poverty as restriction of opportunities. Many of the theorist believes that poverty is defined of play role in its perception. Many people who do not develop according to the modern era or trend the people thing that they are poor. Poverty absorbs the people and the people become the part of the poverty. Poverty restricts the opportunities for the people. People with the skills who can change the world just stop because of the lack of capital. The life of the people in poverty is unstable (Binswanger and Landell-Mills, 2016).
Your chosen global sustainability issue presents both significant threats and opportunities for business. Discuss these major threats and opportunities.
Threats of poverty for business is the low level of income or no income for the people below poverty line. The business need the consumer and consumer need the willingness to spent but if the people are not having the higher income will not be willing to buy anything which is not necessary for them (Conway and et.al., 2013). Whereas the opportunities of poverty for a business can be that they can get the human resource as then and can employee them. Organization will easily get the people to work for them at average wages. Organizations can provide them employment and it can be the social role played by the organization.
Binswanger, H. P. and Landell-Mills, P., 2016. The World Bank's strategy for reducing poverty and hunger: a report to the development community. Washington DC: World Bank.
Conway, and et.al., 2013. After the green revolution: sustainable agriculture for development. Routledge.
Lloyd-Jones, T. and Rakodi, C., 2014. Urban livelihoods: A people-centred approach to reducing poverty. Routledge.
Pearce, and et.al.,2013. Sustainable development: economics and environment in the Third World. Routledge.
Shah, M. K., 2016. The myth of community: Gender issues in participatory development. ITGD Publishing.