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National Policies and Legislation for the Sustainable Development of Natural Resources | L47xx
Sustainable development is a set of concepts that attempts to harmonize a number of seemingly competing goals. These include providing better conditions of life and more opportunity for people, especially the poor. They also include bringing production and consumption within limits that ecosystems can tolerate in the long run.
Improving the condition of the poor, creating more opportunities, protecting the productivity of the ecosystems on which we all depend, and establishing more accountable and efficient institutions of governance are goals that seem hardly objectionable. At the same time, they seem to some to be very abstract and far removed from the daily concerns of business and industry.
This course will focus on national legislation and policy. What are the challenges that face national governments as they attempt to develop their own policies for development in a decision space constrained by:
* The demands of their own populations and the needs to remain popular enough to stay in power; * The great diversity of populations and regional interested that exist within most countries; * The emerging international framework of treaties, bank requirements, industry codes and other systems designed to bring order to the global investment regime; and * The requirements of investors, who will not invest if national policies and laws are deemed unacceptable by them.
What is a "fair deal" between a corporation from, for example, Europe or North America and a developing country government in Africa? How are disputes resolved? How can a legal regime create investment conditions that at the same time meet the requirements of investors, a population clamoring for economic development, and the need to protect environmental conditions.
Credit Hours: 3
ULW: This course does not satisfy the Upper Level Writing requirement (ULW)