11.466J / ESD.137J / 1.813J
The Schumpeterian notion of technological innovation as "the engine of growth" is being challenged as the globalization of trade is increasingly seen as the driving force of industrial economies. With the establishment of the World Trade Organization implementing the GATT, NAFTA, and other trading regimes, serious questions have been raised concerning the effects of global trade on sustainability, which must be viewed broadly to include not only a healthy economic base, but also a sound environment, stable employment, adequate purchasing power, distributional equity, national self-reliance, and maintenance of cultural integrity. Subject explores the many dimensions of sustainability and the use of national, multinational, and international political and legal mechanisms to further sustainable development.
Prerequisites: permission of instructor