Encyclopedia of Sustainability in Higher Education

2019 Edition
| Editors: Walter Leal Filho

Economic Equity and Sustainable Development

  • Eva ChiuEmail author
Reference work entry
DOI: https://doi.org/10.1007/978-3-030-11352-0_276

Definition

Economic equity is defined as the fairness and distribution of economic wealth, tax liability, resources, and assets in a society. Sustainable development is development that meets the needs of the present, without compromising the ability of future generations to meet their own needs (Brundtland et al. 1987). Together these concepts promote a society where individuals are able to have their needs met intertemporally in a manner consistent with sustainable environmental resource use in each period and across periods.

Introduction

As present human activity continues to foster resource-intensive economic growth, both the environmental and social costs are unequally distributed among different socioeconomic classes for individuals and development classifications of nations (Daily and Ehrlich 1996; Stanton and Ackerman 2014). Inequality has significant issues, not only will marginalized groups such as women, the poor, and agricultural workers suffer, but sustainability is...

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  1. 1.Northeastern UniversityBostonUSA

Section editors and affiliations

  • Madhavi Venkatesan
    • 1
  1. 1.Department of EconomicsNortheastern UniversityBostonUSA